Lai Sun's Park Monaco in Kowloon Tong Eyes Tender Launch This Month
SingTao · 2 SOURCESabout 3 hours ago2 MIN
Summary
Lai Sun Development's luxury residential project Park Monaco on Broadcasting Drive in Kowloon Tong has received its occupation permit and is preparing to launch units via tender as early as this month. The development offers 44 flats and 2 detached houses, with show flats expected to open mid-September following nearly 2,000 enquiries since its naming in May.
Key Points
- Park Monaco provides 44 stratified units and 2 detached houses, with standard units ranging from 1,089 to 1,322 square feet in 3-bedroom dual-ensuite to 4-bedroom dual-ensuite configurations
- The two detached houses span 2,623 and 2,621 square feet respectively, each featuring 4 bedroom suites with private gardens and rooftop terraces
- The project has accumulated approximately 2,000 enquiries since its name announcement in mid-May, with Hong Kong and mainland buyers each accounting for about 50 percent of interest
- Show flats will open to media and VIP clients this month, with the first sales arrangement to follow via tender, using comparable transactions in the district and Kai Tak as pricing references
- Purchasers will receive MCL Cinemas VIP memberships worth approximately HK$1.38 million as a limited-time incentive
Why It Matters
Park Monaco's imminent launch represents a rare addition of ultra-luxury supply in Kowloon Tong, a district with limited new development opportunities, and its pricing will set a benchmark for the luxury residential segment in both Kowloon Tong and the broader Hong Kong market .
Park Monaco's imminent launch represents a rare addition of ultra-luxury supply in Kowloon Tong, a district with limited new development opportunities, and its pricing will set a benchmark for the luxury residential segment in both Kowloon Tong and the broader Hong Kong market .