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3/8 News Roundup: Tin Shui Wai Private Home Surged HK$10,000 Barrier, URA Invites Interest for Tai Kok Tsui project

Hong Kong Property | March 8, 2017

Tin Shui Wai Private Home Surged HK$10,000 Barrier
Kingswood Villa surged to over HK$10,000 per square foot, a record high for the Tin Shui Wai private home estate amid a fresh wave of price rises. The two-bedroom flat that comes with a rooftop was sold at HK$4.43 million, or HK$10,045 per square foot, to a first time home buyer. Estate agents said the owner had put the flat out on the market for a few months, and had asked for HK$4.5 million, but cut the price slightly to close the deal.

URA Invites Interest for Tai Kok Tsui project
The Urban Renewal Authority (URA) has invited expressions of interests for its redevelopment project in Tai Kok Tsui. The site on Fuk Chak Street covers 768 square meters and will comprise 96 residential units. Another 637 square meters will be reserved for commercial purposes. It is scheduled to finish in 2020 to 2021 and developers have until March 20 to submit proposals.

Seanorama & Cullinan West To Announce Price in 2 Days
In the primary home market, Cheung Kong Property said it will price the first batch of its Ma On Shan project Seanorama in two days. Show flats will also be opened at the weekends. Meanwhile, Sun Hung Kai also said it will launch the first price list of its project Cullinan West in Nam Cheong MTR station in two days, and open for sale in mid-March.

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