North Point Project Wong Shuen Launches Dual-Track Sales with 20 Units via Tender
SingTao · 1 SOURCES1 day ago2 MIN
Summary
Chow Tai Fook Group subsidiary and New World Development launched the sales gallery and show units for their North Point project Wong Shuen on September 18, drawing significant public attention. The development employs a dual-track sales strategy, offering 20 high-floor residential units and special units via tender from September 19 onwards, while planning to release additional units with a new price list as early as next week. The project's first price list includes 50 units with sizes ranging from 304 to 602 square feet, priced between HK$5.96 million and HK$14.42 million after a 21% discount.
Key Points
- Wong Shuen's sales gallery and show units opened on September 18, with robust attendance reported on the first public day
- The development will tender 20 units from September 19, comprising high-floor residences and special units with Victoria Harbour views
- Unit 32/F B, the project's sole penthouse with rooftop access, spans 1,120 square feet with a 3-bedroom layout plus study
- Unit 31/F A, the largest at 1,465 square feet, features a 2-bedroom plus 2-bathroom configuration with study and storage room
- The first price list covers 50 units: 20 one-bedroom, 28 two-bedroom, and 2 three-bedroom units with prices from HK$5,956,000 to HK$14,419,000
- After applying a 21% discount, the net prices range from HK$18,848 to HK$23,952 per square foot, averaging HK$20,613 per square foot
Why It Matters
The strong public response to Wong Shuen's launch reflects continued demand for new private residential projects in Hong Kong's traditional prime districts. The dual-track sales model, combining tender and price list channels, provides developers flexibility in capitalizing on market sentiment while maximizing pricing power for premium units with harbor views and unique features.
The strong public response to Wong Shuen's launch reflects continued demand for new private residential projects in Hong Kong's traditional prime districts. The dual-track sales model, combining tender and price list channels, provides developers flexibility in capitalizing on market sentiment while maximizing pricing power for premium units with harbor views and unique features.