EOIs for Lohas Park Phase 13 closes today
Invitation for expression of interests (EOIs) for MTR’s project, Lohas Park Phase 13 in Tseung Kwan O will close today. The project is expected to provide around 2,550 units. The market valuation ranged from HKD 9.04 billion to HKD 10.55 billion, and the accommodation value ranged from HKD 6,000 to HKD 7,000 per sq ft.
Failed transaction recorded at T Plus
A failed transaction was reported at T Plus in Tuen Mun. A buyer agreed to purchase unit 33 on mid-to-high-floor at T Plus at HKD 2.65 million but has failed to complete the transaction, forfeiting HKD 50,000 of deposit.
The Waterfront changed hands at HKD 32 m
According to market news, Unit B, high-floor, Tower 5, The Waterfront, Kowloon Station, with a saleable area of 1,212 sq ft, has been changed hands at HKD 32 million or HKD 26,403 per sq ft. The original owner bought the unit at HKD 22 million in 2015, making a book profit of HKD 10 million and a 45% appreciation in five years.
Unit price of Amber Commercial Building hit new high
Unit on 22/F, Amber Commercial Building, 70 Morrison Hill Road, Wan Chai, with an area of 1,748 sq ft, has been sold last month at HKD 25 million or HKD 14,302 per sq ft. The unit price hit the highest of the building. The original owner made a book profit of HKD 17.66 million and a 2.4 times appreciation in 13 years.
(Sources: Vigers Research and market news)