ONE STANLEY in Stanley Records Two Luxury Sales Totaling Over HK$205 Million
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Sun Hung Kai Properties' ONE STANLEY ultra-luxury waterfront development in Stanley recorded two more transactions on June 12, 2024, generating combined proceeds exceeding HK$205 million. Villa 17 sold for over HK$118 million at approximately HK$38,598 per square foot, achieving new price and per-square-foot highs for its house type. A garden duplex in Block 9 changed hands for HK$86.95 million, with both buyers utilizing a 120-day payment plan .
Key Points
- Villa 17, named "Pandora" on Beryl Avenue (second waterfront row), spans 3,059 square feet with four en-suite bedrooms, study, helper quarters, private elevator, and front/back gardens
- The villa buyer was drawn by Stanley's international schools, the project's clubhouse amenities, and the South District's affluent, cosmopolitan community ideal for raising children
- Block 9's garden duplex (floors G and 1, Unit A) features four en-suite bedrooms, two storage rooms, private elevator lobby, and front/back gardens, sold for HK$86.95 million
- The duplex buyer is a Hong Kong-mainland businessman relocating from a Kowloon luxury estate, attracted by the project's sea views and value proposition
- To date, ONE STANLEY has sold 53 units totaling approximately HK$5.7 billion, with five villas and three duplexes sold since June 2024 alone
Why It Matters
ONE STANLEY's continued strong sales demonstrate sustained appetite for scarce Hong Kong Island waterfront luxury homes, with the developer considering raising internal target prices in September amid limited supply of premium seafront properties .
ONE STANLEY's continued strong sales demonstrate sustained appetite for scarce Hong Kong Island waterfront luxury homes, with the developer considering raising internal target prices in September amid limited supply of premium seafront properties .