The listings for the one- to three-bedroom units, ranging from 340 sq ft to 783 sq ft, were priced from HK$7.01 million (US$897,200) to HK$19.4 million, or HK$18,597 to HK$28,350 per square foot, after discounts.
Most of the sales for the day went to the larger two- and three-bedroom units, according to property agent Sammy Po Siu-ming, CEO of Midland Realty’s residential division for Hong Kong and Macau.
Hong Kong homebuyers snap up all flats at Great Eagle’s Onmantin project
Hong Kong homebuyers snap up all flats at Great Eagle’s Onmantin project
The Onmantin project comprises 900 flats in five 24-storey towers, and sits above the Ho Man Tin railway station in Kowloon. It is expected to be completed in two phases of 418 and 572 units.
The units were priced about 10 per cent higher than the discounted price per square foot in the first listing last weekend.
“After the easing of restrictions, there has been a noticeable increase in mainland Chinese buyers,” he said.
Approximately 60 per cent of all buyers were purchasing for personal use, he added, while the other 40 per cent were buying for investment.
Many developers have been actively launching new projects to meet market demand and opting for attractive pricing strategies. Po expects this trend to continue in the near term.
