19/7 News Roundup: Tin Shui Wai home cost exceeds $10k/SqFt, 11 new project plans approved providing 3,000 units

Hong Kong Property | July 19, 2017

Tin Shui Wai home cost exceeds $10k/SqFt

Home cost per square foot in Tin Shui Wai secondary market has surpassed the HK$10,000 boundary. A 442-square-foot two-bedroom unit in Kingswood Villas was sold yesterday in HK$4.55 million, or HK$10,294 per square foot, making it the highest price per square foot in apartments of the housing estate. A real estate agent said 12 transactions have been recorded in the estate in July, with an average price per square foot at HK$8,778.

11 new project plans approved, providing 3,000 units

The Buildings Department said it approved 11 building plans in May. These were two on Hong Kong Island, four in Kowloon and five in the New Territories. There are three large developments providing a total of over 3,000 units. They are phase 8 of LOHAS Park in Tseung Kwan O by Cheung Kong Property, Sin Fat Road project in Kwun Tong by Wheelock, and Sheung Shing Street project in Ho Man Tin by Goldin Group.

PARK YOHO Genova to sell 40 units on Saturday

Sun Hung Kai Properties will launch this Saturday 40 units from its Yuen Long project PARK YOHO Genova. The developer released the new price list on Monday. Meanwhile, Cheung Kong Property will roll out 22 units from Ocean Supreme for sale this Thursday on a first-come-first-serve basis. It will then put another 164 two-bedroom units for sale on Friday night. Sources said it has received over 1,000 subscriptions. Nonetheless, the developer said it might reserve Tower 5 from this Tsuen Wan project for sale until the construction is completed.

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