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2/15 News Roundup: K.City To Sell 208 Flats This Saturday, Home Prices Expected to Rise 5-10%

  • By
  • Asif Ghafoor
  • February 15, 2017

K.City To Sell 208 Flats This Saturday
K Wah International announced the sales arrangement for the first batch of 208 flats, which will be launched for sale this Saturday, from its Kai Tak new project K.City. The discounted prices of the 208 units ranged from HK$5.85 million to HK$16.9 million. The first batch comprises 50 one-room units, 112 two-room units and 46 three-room units. The sale will begin at 9AM this Saturday and buyers who purchase 8 to 15 units would have the priority to choose flats. The developer has reportedly received over 1,200 subscriptions.

Home Prices Expected to Rise 5-10%
In spite of the increase in supply of new flats this year, Cushman & Wakefield greater China vice president Alva To Yu-hung expects local home prices to rise 5% to 10% in the first half. He said the government policies to increase supply of flats have raised the annual supply of new flats from about 7,000-8,000 to about 20,000. But he said the increase in supply is not enough to put pressure on home prices. On the office market front, Cushman & Wakefield Hong Kong managing director John Siu expects rents for grade-A office in Central to rise 3% to 6% this year.

Eden Manor Show Flats Open for Public Today
Henderson Land will open show flats of its Fanling new project – Eden Manor – for public today in Central. The developer has uploaded the sales brochure of the project not long ago and the market expects it to release the price list and sales arrangement shortly.

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