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3/30 News Roundup: Vibe Centro Gives Higher Priority for Multi-unit Buyers, HNA Proposed Right Issue to Fund Kai Tak Sites Acquisition
Hong Kong Property | March 30, 2017
Vibe Centro Gives Higher Priority for Multi-unit Buyers
Poly Property will put on sale 108 flats from Vibe Centro on Sunday. The developer will first give higher priority for multi-unit buyers to purchase the flats so as to attract more investors. Buyers who would like to purchase three or more units could choose flats first, while the number of purchased flats is unlimited. The developer has so far received about 140 subscriptions for the 108 flats.
Cullinan West Received 2,700 Subscriptions
Sun Hung Kai has received over 2,700 subscriptions for the 246 flats to be sold this Saturday from its Nam Cheong project Cullinan West. The average discounted price of this batch of units is HK$23,906 per square foot, over 30% higher than the average price of the first price list.
HNA Proposed Right Issue to Fund Kai Tak Sites Acquisition
HNA Group’s locally listed arm, Hong Kong International Construction Investment Management, proposed two-for-one rights issue to fund acquisition of sites at Kai Tak. The rights issue will see the company raising about HK$9.26 billion. The company looks to issue about 2.27 billion rights shares at HK$4.08 apiece.
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