Uptown East, a redevelopment project in Kowloon Bay by Wong Sun Hing, released the first price list to provide 168 flats, with the cheapest priced at HK$3.73 million.
The flats on offer include 18 studios, 39 one-bedroom units, and 111 two-bedroom units ranging from 278 to 561 square feet.
The average price came in at HK$14,808 per sq ft for those on the first price list. In comparison, The Aperture in nearby Ngau Tau Kok saw an average price of HK$21,548 per sq ft for its first batch launched in December 2021.
Showrooms for the Uptown East will be opened to the public on Saturday and the developer expects to launch the sale within two weeks.
The project, located at 55 Kwun Tong Road, will offer 807 flats in total, with two-bedroom units accounting for more than 50 percent of the total.
Meanwhile, Henderson Land Development’s (0012) highly-anticipated Belgravia Place in Cheung Sha Wan rolled out the second round of sales of 208 units yesterday. It earlier saw an oversubscription of 34 times after receiving 7,300 checks for the second batch. It sold 120 units as of 8pm. The 208 units were priced between HK$3.23 million and HK$7.81 million after discounts.
This came after Henderson’s first batch of 138 units at Belgravia Place sold out within four hours of launch on Sunday after long-time curbs on home buying were lifted.
Kai Tak’s One Victoria, developed by China Overseas Land & Development (0688), sold eight deals yesterday, raking in over HK$180 million.
Hong Kong United Times丨香港聯合時報丨HKUT 