Allegro

Allegro is located at 138 Carpenter Road, Ma Tau Kok, comprising a single residential tower developed by Country Garden. The construction contractor is New House Construction Co., Ltd. It offers 190 units ranging from studio to 2-bedroom layouts, with a focus on 1-bedroom units. Unit sizes range from 213 to 414 square feet, with each unit featuring an open kitchen design and a balcony. The development stands 23 stories tall, with 10 units per floor and 2 elevators serving each building. The project is scheduled for completion in May 2022.

Project Background

The project was formerly a 4-story old building acquired by Richfield Group Holdings Limited (now known as "Winfull Group Holdings Limited"), which initially planned to redevelop it into a multi-story residential project. However, due to a legal dispute arising from the definition of "House" in the land lease, the developer was required to pay a land premium before proceeding with the construction of a high-rise building.

In 2017, Richfield Group sold the site to Country Garden for approximately $610 million. In 2018, the project obtained building plans approval from the Buildings Department for the construction of a 23-story residential tower, contingent upon the payment of the land premium. Country Garden completed the land premium payment in 2020 for approximately $523 million, allowing for a gross floor area of about 82,000 square feet, with a land premium of approximately $13,800 per square foot.

Unit Analysis

• Studio: 36 units, sized at 213 square feet, covering 2 columns.
• 1-bedroom: 104 units, ranging from 281 to 354 square feet, covering 6 columns.
• 2-bedroom: 36 units, each sized at 414 square feet, covering 2 columns.
• Special units (with rooftop/terrace): 14 units, ranging from 213 to 414 square feet.

Landscape Analysis

Units face north to east overlooking Carpenter Road Park, Kowloon City Plaza, and Kowloon Walled City Park; south to Nga Tsin Wai Road; and west to Kowloon Tsai Park. Most units enjoy surrounding urban views, with distant park views to the east. However, the nearby Kowloon City Plaza is slated for redevelopment, which may affect future views.

Units facing east (Units A to D) may experience noise from the nearby Holy Family Canossian School at lower levels (Unit A) or traffic noise from Carpenter Road at lower levels (Unit D). Units near Kowloon City Plaza may experience less impact on future views, especially those closer to the park.

Units facing west (Units G to K) enjoy urban views, with lower levels facing a nearby power station and higher levels overlooking Kowloon Tsai Park. Units facing south (Units E and F) overlook the cityscape, with relatively unobstructed views from mid to high levels.

Estate Facilities

The ground and 1st floor of the estate are designated for commercial use, while the 2nd floor features a clubhouse spanning over 4,000 square feet. It includes an outdoor swimming pool, gym, sky garden, various recreational facilities, and a multi-purpose function room. Additionally, the project includes a rooftop garden of over 4,000 square feet on the 3rd floor, providing ample green space. The basement of the estate provides 10 resident parking spaces, 2 motorcycle parking spaces, and 1 visitor parking space. The estate is managed by Country Garden Holdings Company Limited.

Community Facilities

Nearby amenities include Kowloon City Plaza, Kowloon City Market, and a variety of restaurants and shops, offering abundant consumer choices. Carpenter Road Park and Kowloon Walled City Park nearby provide ample public green space and sports facilities, making the community well-equipped. Coupled with the effect of renowned schools, the community attracts many families.

Transportation

The estate is a 5 to 7-minute walk from the MTR Sung Wong Toi Station. Junction Road and Carpenter Road, adjacent to the estate, offer multiple bus and minibus routes connecting various districts in Hong Kong, Kowloon, and the New Territories, including Central, Wan Chai, Sai Ying Pun, Tsim Sha Tsui, Mong Kok, Wong Tai Sin, Lok Fu, Choi Hung, and more.

School Network

The primary school network for Allegro is District 41, with secondary schools in the Kowloon City District. Popular primary schools in the area include La Salle Primary School, Diocesan Preparatory School, and Maryknoll Convent School (Primary Section).

Initial Sales Arrangements

Allegro commenced its initial sales on May 21, 2022, offering 4 payment plans. The highest discount is 13% for cash payment and 11% for stage payment. Additionally, a furniture cash allowance discount is provided, with the lowest net price starting at $5,017,000, equivalent to $21,887 per square foot. Show units are located at the current site of 138 Carpenter Road, featuring Unit H on the 8th floor (281 square feet) and Unit K on the 25th floor (696 square feet).