Spacious
1,000+ Reviews
Install

6/22 News Roundup: Road King Won Tuen Mun Site for HK$3.17b, AVA 61 Received 171 Subscriptions

Hong Kong Property | June 22, 2017

Road King Won Tuen Mun Site for HK$3.17b
A joint tender submitted by local developer Road King Infrastructure (1098) and Shenzhen Investment (0604) has won a site on Kwun Chui Road in Tuen Mun town for about HK$3.17 billion, or HK$6,700 per square foot on a 50-year land grant. The Tuen Mun site, designated for private residential purposes, has an area of 131,000 square feet with a maximum gross floor area of approximately 473,000 square feet. In February, Road King surprised the market by winning a MTR Corp tender for a residential plot next to the Wong Chuk Hang station in February, through a 50-50 joint venture with Ping An Real Estate Capital, a unit of China’s second largest insurer Ping An Insurance.

AVA 61 Received 171 Subscriptions
In primary market business, meanwhile, Way Creation’s Cheung Sha Wan project AVA 61 received 171 subscriptions for the first batch of 86 flats. More than 80% of the flats are priced below HK$4 million. The completion of this latest micro flat project in Kowloon is expected in March 2020, which will provide 138 units in a single building on Tai Po Road. Meanwhile, Sun Hung Kai Properties has opened the show flats of its Yuen Long project PARK YOHO Genova for public. It will start receiving subscriptions from today, and will open for sale soonest next week.

For more information on property news and prices, please visit our website at https://www.spacious.hk/ or follow our LinkedIn Page.

Recommended Articles

24 Oct 2016 Property News Roundup: 2GETHER Received 15 Times Over Subscriptions, 280 First Hand Trades Recorded Over Weekend

Hong Kong Property | October 24, 2016

Spacious CEO Asif Ghafoor Spoke to Bloomberg TV on How Coronavirus Impacts Hong Kong Property

Hong Kong Property | March 5, 2020

24/8 News Roundup: Parc City becomes the most popular new project since 1997.

Hong Kong Property | August 24, 2017

Subscribe to Our Blog

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