{"id":4942,"date":"2017-09-20T11:48:06","date_gmt":"2017-09-20T03:48:06","guid":{"rendered":"https:\/\/www.spacious.hk\/en\/blog\/?p=4942"},"modified":"2019-08-30T17:59:28","modified_gmt":"2019-08-30T09:59:28","slug":"209-news-roundup-wings-sea-priced-10-tseung-kwan-o-primary-flats-launched-march","status":"publish","type":"post","link":"https:\/\/www.spacious.hk\/en\/blog\/209-news-roundup-wings-sea-priced-10-tseung-kwan-o-primary-flats-launched-march","title":{"rendered":"20\/9 News Roundup: Wings at Sea priced 10% below Tseung Kwan O primary flats launched in March"},"content":{"rendered":"

Spacious’ View: Wings at Sea priced 10% below Tseung Kwan O primary flats launched in March<\/span><\/strong>
\n<\/span><\/strong><\/h3>\n

 <\/p>\n

Wings at Sea priced 10% below primary flats in Tseung Kwan O<\/strong><\/p>\n

Sun Hung Kai Properties launched the first price list for 208 flats from its new project at Lohas Park<\/a> – Wings at Sea, yesterday. The average discounted price per saleable square foot for the first batch of flats was about HK$12,788.<\/p>\n

The price per ssf was about 10% above the secondary flats from some of the housing estates in Lohas Park. The price per ssf of those flats is also about 10% below the primary flats from Tseung Kwan O launched in March, which was about HK$14,000.<\/p>\n

The discounted prices of the flats from Wings at Sea range from HK$4.30 million to HK$9.07 million.<\/p>\n

Wheelock Properties launched the residential project Monterey, which is close to Tseung Kwan O city center, in March. The average price per ssf for the first batch of flats from Monterey was about HK$14,208.<\/p>\n

Spacious currently has 11 properties for sale and 40 properties for rent in Tseung Kwan O. <\/span>Keen to see our inventory? <\/span>https:\/\/www.spacious.hk\/en\/hong-kong\/tseung-kwan-o<\/a><\/span><\/p>\n

Spacious has transaction data for the last 6,747 properties sold in Tseung Kwan O.
\nJuly average price per square foot: HK$13,549, +1% MoM and +11% YoY
\nJuly sale transactions: 110 -28% MoM and +64% YoY
\nMore data on: <\/span>https:\/\/www.spacious.hk\/en\/hong-kong\/tseung-kwan-o\/transactions<\/a><\/span><\/p>\n

34 share flats ready by year-end for low-income households<\/strong><\/p>\n

A flat-share program for 1,000 low-income households is being pushed to be launched by mid-next year by the Hong Kong Council of Social Service.<\/p>\n

It will help some of the 14,400 people currently living in subdivided units who have been on the public housing wait list for more than three years, the council said.<\/p>\n

The council has already secured 332 flats from 26 owners. Thirty-four will be ready by year-end, including 14 flats in Mong Kok from the Urban Renewal Authority, and 20 flats in Kowloon City from a developer.<\/p>\n

Henderson Land and Chinachem Group are two developers that have promised to join the scheme.<\/p>\n

Click to see more sale and rental properties in Mong Kok<\/a> and Kowloon City<\/a>.<\/p>\n

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