PARK SILICON adds 33 units ahead of Sunday launch
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
Wheelock Properties has added 33 units at PALO SPRINGS, Phase 2 of PARK SILICON in Kwu Tung North, and confirmed a first-round sale of 100 units on Sunday, 16 June. Of those, 82 units will be sold via price list and 18 by tender, with discounted prices for the price-list units ranging from HK$5.48 million to HK$8.755 million after a maximum 15% discount
Key Points
- Vice chairman and managing director Ricky Wong Kwong-yiu of Wheelock Properties said the project has received nearly 2,000 subscriptions, making it more than 23 times oversubscribed
- The showroom drew 15,000 visits within five days, according to the developer, ahead of the first sales round for the Kwu Tung North project
- Price List No. 2 covers 33 flats, including six one-bedroom, five two-bedroom open-kitchen, and 22 two-bedroom closed-kitchen units sized 311 to 480 square feet
- Those 33 units are priced at an average discounted HK$17,928 per square foot, with discounted prices from HK$5.48 million to HK$8.755 million
- The 82 price-list units in Sunday’s launch span 275 to 576 square feet, with an average discounted price of HK$17,791 per square foot
Why It Matters
The launch gives an early read on buyer appetite for new private housing in the Northern Metropolis area, especially in Kwu Tung North’s first new project. The strong subscription level and immediate top-up suggest the developer may move quickly with further releases after the first round if demand holds