1,000+ Reviews

6/1 News Roundup: Nan Fung Won Kai Tak Commercial Site for HK$24.6b, Ocean Pride 346 Units Sold Out

Hong Kong Property | June 1, 2017

Nan Fung Won Kai Tak Commercial Site for HK$24.6b
Nan Fung Development has won a commercial site in Kai Tak for HK$24.6 billion, smashing the record set by the Murray Road site in Central just two weeks ago. Henderson Land paid $23.2 billion, or HK$50,065 per square foot, for the former Murray Road car park in Central. Nan Fung bought the 200,500-square-foot Kai Tak site, named Area 1F Site 2, by government tender with a price of HK$12,864 per square foot. The plot can provide about 1.9 million square feet of total gross floor area, including an underground shopping street and a public transport interchange. It is also designated for office, retail or hotel development.

Ocean Pride 346 Units Sold Out
Increasingly generous mortgage offers by finance companies to counter the government’s credit tightening have helped Cheung Kong Property Holdings sell all 346 units in the second round of sale for its Tsuen Wan residential project. The sales office of the Ocean Pride development were jam packed with hundreds of purchasers and agents who have again flocked to the premise before the registration started at 10AM on Wednesday. CK Property said “all 346 units had been subscribed at 3:45PM.” Together with the first round sale of 496 units, CK has sold 842 units in the two days of sale.

For more information on property news and prices, please visit our website at or follow our LinkedIn Page.

Recommended Articles

5/8 News Roundup: Novum West Received over 1,100 Subscriptions, Ocean Pride to Announce Sales Arrangements this Week

Hong Kong Property | May 8, 2017

3/28 News Roundup: New Homes Pricing Up and Rolling out after CE Election, Island Garden Top-floor Flat Sold at HK$45,332/sqft

Hong Kong Property | March 28, 2017

Home Price Reaches New High This Year, One Homantin Rolls Out 80 New Units

Hong Kong Property | November 1, 2016

Subscribe to Our Blog

Stay up to date with the latest property news and insights.

Exit mobile version