A day after a US Federal Reserve motionless not to boost seductiveness rates, Henderson Land Development expelled a little prosaic growth in Ho Man Tin with a cheapest section going for HK$3.74 million, a lowest pile sum volume in a area.
The developer announced prices of trimming from HK$19,354 to HK$24,232 per block feet for a initial collection of 68 units during Seven Victory Avenue, with section sizes trimming from 180 to 390 block feet. The minute prosaic in a project, measuring 161 block feet, is not enclosed in a initial batch.
Factoring in discounts of as many as 5 per cent, a prices of a units will dump to HK$18,386 to HK$23,020 per block foot, or HK$3.74 million to HK$8.09 million.
The cheapest prosaic is a third building 181 block feet unit, that comes with a 22 block feet balcony, for HK$3.94 million, or HK$21,790 per block foot. The cost will be reduced to HK$3.74 million after a 5 per cent discount.
“It is substantially a smallest volume for a new prosaic in Ho Man Tin,” pronounced Sammy Po, arch executive during Midland Realty’s residential department.
The normal ignored cost was HK$20,493 per block foot, about 5 per cent aloft than flats during Three Julia Avenue, that were offering during HK$19,600 per block foot. But units during Three Julia Avenue start from 500 block feet, or HK$10 million.
Po pronounced tiny flats could grasp aloft prices per block feet as a pile sum volume would be smaller.
“Small flats will attract a high grade of financier seductiveness as [they achieve] improved rentals than large-sized units,” he said.
The 250-flat growth during Seven Victory Avenue is approaching to be finished on a final day of 2018. Show flats for a plan – a 191 block feet and a 263 block feet section – non-stop for ubiquitous open observation on Friday afternoon.
The developer hasn’t finalised a central sale date though it is many expected Oct 1.
Separately, a Centa-City Leading Index, that marks delegate home prices during 100 estates, showed prices circumference adult 1.56 per cent week on week to 138.7 for a week to Sep 18. It also indicated home prices had depressed 5.5 per cent from September’s peak.