State Residence Unveils Third Price List with 30 Units in North Point Launch
Thestandard · 1 SOURCESabout 2 hours ago1 MIN
Summary
Sky Ace Enterprises launched the third price list for 30 units at its State Residence project in North Point on Sunday, with prices ranging from HK$6.11 million to HK$15.08 million . The project attracted over 3,000 checks by 3pm, marking an oversubscription of 26 times across its first three price lists covering 110 units . Two special units featuring terraces will be sold via tender next Wednesday .
Key Points
- The latest batch includes 20 one-bedroom, 8 two-bedroom, and 2 three-bedroom units ranging from 301 to 602 square feet
- Average discounted price stands at HK$20,292 per square foot, with prices ranging from HK$20,292 to HK$25,048 per square foot
- All one-bedroom flats are priced below HK$6.7 million after discounts, while 8 two-bedroom units are below HK$10 million
- Developer New World Development (stock code: 0017) expects price list sales to commence as early as next week
- Special tender units comprise a 277 sq ft one-bedroom with 228 sq ft terrace and a 413 sq ft two-bedroom with 131 sq ft terrace
Why It Matters
The strong oversubscription of 26 times signals robust demand for new private residential projects in Hong Kong's secondary sales market, potentially influencing pricing strategies for upcoming property launches across the city .
The strong oversubscription of 26 times signals robust demand for new private residential projects in Hong Kong's secondary sales market, potentially influencing pricing strategies for upcoming property launches across the city .