Ho Man Tin Station Site Open For Bid, With HK$6.28b Premium
The residential site above Ho Man Tin MTR Station has been opened for tender since yesterday by the MTR Corporation. The premium of development for the project is HK$6.28 billion, or HK$8,459 per square foot. MTR Corp expects a 35% profit-sharing ratio despite the lower-than-expectation land premium.
Mantin Heights To Launch 23 New Units
Kerry Properties announced new sales arrangements for Mantin Heights in Ho Man Tin, releasing 23 new flats next Monday on a first come first served basis. The cheapest flat among the 23 units is 10B Tower 8, with a net area of 575 square feet, selling at HK$12.95 million or HK$22,522 per square foot.
The Riverpark Parking Space Sold For HK$2.8m
Carpark market continues to be viral after government’s cooling measures. A parking lot in Sha Tin’s The Riverpark broke record of the most expensive parking space in the New Territories with a HK$2.8 million transaction. The previous record of HK$2.6 million was also hold by the estate. Meanwhile, consecutive transactions of parking spaces in Tin Shui Wai’s Kingswood Villas have been recorded in the past four days. A parking lot in Kenswood Court was sold at HK$0.88 million, 83% higher than the cost spent in April 2014.
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