UNI Residence Sets New Peak Price Per Square Foot
SingTao · 2 SOURCES1 day ago2 MIN
Summary
A one-bedroom unit at UNI Residence in Hin Wo Lane, Sha Tin changed hands on Friday for HK$7.866 million, with the deal setting a new project record of about HK$22,669 per square foot. The flat sold was Unit G on the 30th floor, with a saleable area of 347 square feet and a view towards Lion Rock and surrounding greenery. The project is jointly developed by Wing Tai Properties and Vanke Hong Kong. Since completed units were put on the market, 195 flats have been sold, representing more than 80% of the development
Key Points
- The latest transaction involved Unit G on the 30th floor, a one-bedroom flat with a saleable area of 347 square feet
- The unit sold for HK$7.866 million, translating into about HK$22,669 per square foot on a saleable-area basis.
- Both SingTao and on.cc reported that the per-square-foot price set a new high for the UNI Residence project.
- The flat faces Lion Rock and green mountain scenery, a feature highlighted in the sale details released on Friday
- UNI Residence, developed by Wing Tai Properties and Vanke Hong Kong, has sold 195 units since launching completed flats for sale, exceeding 80% of total units
Why It Matters
For Hong Kong homebuyers, the deal points to continued pricing support for smaller new flats in Sha Tin, especially completed units that can be occupied immediately. For developers, the new project high and more than 80% sell-through suggest that ready-to-move-in inventory can still attract demand even at record unit rates within the same development.