Sai Ying Pun flats offered at ‘mind-blowing’ prices

The first price list for Des Voeux W Residence in Sai Ying Pun was unveiled yesterday with 50 flats offered at an average price of HK$19,619 per square foot after discounts, around 10 percent cheaper than other nearby projects.

The 50 flats cost between HK$3.8 million and HK$12.59 million after discounts, with sizes ranging from 213 to 492 square feet.

Developed by Tai Hung Fai Enterprise, the project offers 161 flats in one tower, including 38 studios, 89 one-bedroom, 19 two-bedroom, 10 three-bedroom and five special units.

The first prices are nearly 11 percent cheaper than the nearby AVA128 launched 10 years ago and 8 percent lower than The Highline launched in early June.

Tai Hung Fai Group executive director Bobby Tso Chin-hong said the pricing is “mind-blowing.”

Show flats open today and sales will start next month.

After discounts, the cheapest flat is a 213-sq-ft studio priced at HK$3.8 million, while a 286-sq-ft unit priced at HK$17,283 per sq ft offers the best deal in terms of price per sq ft.

Buyers can also participate in a lucky draw for a 177-sq-ft studio priced at HK$4 million. Those who make a full payment from now to December 19 qualify for the draw.

Elsewhere in Kai Tak, The Knightsbridge will put more completed homes up for sale shortly.