The lower-than-expectation price of Parc City makes it the most popular new project since 1997.
Parc City received record-breaking subscriptions
Chinachem’s latest residential project, Parc City in Tsuen Wan West, reportedly received 22,500 subscriptions for 521 flats on its third price list, sources say. This project is said to have received the most subscriptions since 1997 for project launches. The flats are sized from 427 sellable square feet to 850 square feet, and are priced from about HK$5.4 million to HK$15.7 million, or about HK$12,700 to HK$18,500 per square foot after discounts. At 98 Tai Ho Road, Parc City provides 953 flats in seven towers. Construction is expected to be completed in March 2019.
Emperor & URA launched new project in Cheung Sha Wan
On Tuesday, Emperor International and Urban Renewal Authority (URA) launched their joint venture The Amused project in Cheung Sha Wan which provides 136 apartments, with sizes from 264 saleable sq ft to 410 sq ft. They offered 68 flats in the first batch of sales at an average price of HK$17,167 per sq ft after discount. Construction of the project is to be completed in December next year. Due to the typhoon yesterday, the project will start receiving subscriptions from today.