State Residence Unveils First Price List for 50 North Point Units
Thestandard · 1 SOURCESabout 3 hours ago2 MIN
Summary
Sky Ace Enterprises launched its State Residence project in North Point on Thursday with the first price list covering 50 units. The average discounted price stands at HK$20,613 per square foot, targeting both investment and owner-occupier buyers in the current property market. Show flat viewings begin Friday, with sales registration opening Saturday and a possible launch as early as next week. The developer indicated that future price lists may see upward adjustments, while New World Development provides backing for the project.
Key Points
- First price list covers 50 units at State Residence in North Point, with average discounted price of HK$20,613 per sq ft
- Unit mix includes 20 one-bedroom, 28 two-bedroom, and 2 three-bedroom flats sized from 304 to 602 sq ft
- Discounted prices range from HK$5.96 million to HK$14.42 million, with per sq ft prices from HK$18,848 to HK$23,952
- Seven two-bedroom units are priced under HK$9 million after discount, with 26 additional two-bedroom units below HK$10 million
- Show flats open Friday, registration starts Saturday, and sales may launch as early as next week
Why It Matters
State Residence's pricing strategy targets entry-level buyers with 33 two-bedroom units priced below HK$10 million, potentially revitalising interest in the North Point residential market. The project's positioning below the HK$10 million threshold for most units could attract first-time buyers and investors seeking value in a well-established neighbourhood. With New World Development's backing and developer hints of future price increases, the launch may set a benchmark for upcoming developments in the area .
State Residence's pricing strategy targets entry-level buyers with 33 two-bedroom units priced below HK$10 million, potentially revitalising interest in the North Point residential market. The project's positioning below the HK$10 million threshold for most units could attract first-time buyers and investors seeking value in a well-established neighbourhood. With New World Development's backing and developer hints of future price increases, the launch may set a benchmark for upcoming developments in the area .