State Residence Releases Second Price List for 30 Units in North Point
Thestandard · 1 SOURCESabout 4 hours ago1 MIN
Summary
Sky Ace Enterprises released the second price list for 30 units at its State Residence development in North Point on Saturday (September 19). The average discounted price stands at HK$20,871 per square foot, with unit prices ranging from HK$6.16 million to HK$14.71 million after applying available discounts. Meanwhile, the project sold 12 units via tender on the same day, generating nearly HK$347 million in revenue, according to TheStandard .
Key Points
- The second price list covers 30 units: 10 one-bedroom, 18 two-bedroom, and 2 three-bedroom layouts ranging from 316 to 602 sq ft
- Discounted prices range from HK$6.16 million to HK$14.71 million, or HK$19,481 to HK$24,434 per sq ft after discounts
- All one-bedroom units are priced below HK$6.5 million after applying available discounts
- The highest tender sale was a 1,465 sq ft two-bedroom unit sold for HK$58.6 million (HK$40,000 per sq ft)
- Sales of price-list units are expected to commence as early as next week
- New World Development (stock code: 0017) is assisting with the project
Why It Matters
The strong tender sales of 12 units generating nearly HK$347 million demonstrate sustained demand for new residential projects in Hong Kong's primary market. With sales of price-list units commencing next week, State Residence is positioned to capture buyer interest ahead of potential further price adjustments in the competitive North Point market .
The strong tender sales of 12 units generating nearly HK$347 million demonstrate sustained demand for new residential projects in Hong Kong's primary market. With sales of price-list units commencing next week, State Residence is positioned to capture buyer interest ahead of potential further price adjustments in the competitive North Point market .