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Home run defies Covid fears

Hong Kong's primary property market remained active over the weekend with more than 150 flats sold despite a surge in the number of Covid cases.

Henderson Land Development (0012) raked in around HK$1 billion after selling all 136 units available in the first round of sales for The Harmonie in Cheung Sha Wan on Saturday.

It also released a fourth price list yesterday for 68 units at a HK$22,670 average after discounts, around 4.5 percent costlier than the average price of the first three lists.

The fourth batch, which offers homes sized 322 to 377 square feet, is priced from HK$6.54 million to HK$8.11 million after discounts, said Thomas Lam Tat-man, a general manager in the sales department.

Those interested may send in checks before the end of Tuesday and the second round of sales will take place Thursday.

Elsewhere, La Marina atop Wong Chuk Hang MTR station saw at least 21 deals, with its developers cashing in more than HK$580 million.

The second-hand market also saw some improvement despite Covid, with property agency’s' top 10 estates seeing nine deals, up 80 percent.

Property agent said that many prospective buyers were hurrying with purchases now because they were worried that prices will rise sharply after the seasonal boom around Lunar New Year.

The agent said that the boom is "very likely" to appear after the holiday as sentiment picks up thanks to the liquidity injected by China's central bank and stock rallies, but it also depends on the pandemic situation.

(The Standard)


力寶中心每呎49元跌28% 交吉近兩年始租出