Mount Hebe Sells First House for HK$44.35 Million in Sai Kung
Thestandard · 1 SOURCES1 day ago1 MIN
Summary
Vervain Resources' Mount Hebe house project in Sai Kung achieved its first sale on Tuesday, fetching HK$44.35 million or HK$26,730 per square foot . The detached house spans 1,659 square feet of usable area with three bedrooms, a 400-square-foot garden and a 659-square-foot rooftop terrace . The buyer opted for a 120-day payment period and the transaction included a parking space . The developer launched its first batch of six detached houses for tender on Tuesday .
Key Points
- First house at Mount Hebe sold for HK$44.35 million, translating to HK$26,730 per square foot, with a parking space included
- The house is located in Vervain Resources' Mount Hebe project in Sai Kung and has a usable area of 1,659 square feet
- Property features include three bedrooms, a 400-square-foot garden, and a 659-square-foot rooftop terrace
- The buyer selected a 120-day payment period, showing confidence in the property despite the extended settlement timeline
- The developer launched the first batch of six detached houses for tender last Friday, with the sale occurring on Tuesday
Why It Matters
The successful first sale at Mount Hebe signals strong demand for luxury detached houses in Sai Kung's residential market, where supply remains limited . This transaction could set a benchmark for future pricing in the area and influence similar luxury developments in Hong Kong's prime residential sector .
The successful first sale at Mount Hebe signals strong demand for luxury detached houses in Sai Kung's residential market, where supply remains limited . This transaction could set a benchmark for future pricing in the area and influence similar luxury developments in Hong Kong's prime residential sector .