Ying Tin Logs HK$276 Million in Two Sales
SingTao · 8 SOURCESabout 3 hours ago5 MIN
Summary
CK Asset's Ying Tin at 21 Borrett Road in Central Mid-Levels sold two four-bedroom homes by tender on Monday for more than HK$276 million in total. The latest deals came amid another active day for Hong Kong's luxury new-home market, with Sun Hung Kai Properties' Cullinan Harbour in Kai Tak and the Celestial Heights series in Mid-Levels West also recording transactions above HK$100 million.
Key Points
- Ying Tin's Unit 9 on the 9th floor, measuring 2,137 sq ft with four bedrooms and two ensuites, sold for more than HK$139 million at about HK$65,200 per sq ft.
- The matching Unit 9 on the 8th floor, also 2,137 sq ft and four-bedroom with two ensuites, changed hands for more than HK$137 million at about HK$64,200 per sq ft.
- CK Asset sales manager Chan Wing-tsz (陳詠慈) said buyer interest in Ying Tin has also supported sales at Phase 1, with some purchasers considering homes in both phases.
- Ying Tin has sold 14 units in about three months for more than HK$2.5 billion, while the wider 21 Borrett Road series has sold 18 units for over HK$3 billion.
- Elsewhere on Monday, Cullinan Harbour sold a 2,093 sq ft four-bedroom, four-ensuite unit in Tower 1 for HK$116.8 million, while The Mount Nicholson series sold two 2,772 sq ft homes for over HK$255 million combined.
Why It Matters
Developers are continuing to use tender sales to move scarce large-format homes at the top end of the market, and Monday's cluster of nine-figure deals suggests liquidity remains concentrated in prime projects rather than the broader mass market. For Hong Kong buyers and investors, the latest transactions also show that traditional luxury districts on Hong Kong Island are competing directly with newer waterfront stock in Kai Tak for the same pool of high-net-worth demand.
Developers are continuing to use tender sales to move scarce large-format homes at the top end of the market, and Monday's cluster of nine-figure deals suggests liquidity remains concentrated in prime projects rather than the broader mass market. For Hong Kong buyers and investors, the latest transactions also show that traditional luxury districts on Hong Kong Island are competing directly with newer waterfront stock in Kai Tak for the same pool of high-net-worth demand.