Agile’s family wins Tai Po site at HKD 451 m
The tender of the residential site at Tai Po Road – Tai Po Kau, Tai Po has been awarded to Ideal Repute Developments Limited, announced by the Lands Department. It has been sold at HKD 451 million. The site has an area of 67,100 sq ft, with a total GFA of 100,700 sq ft, the accommodation value was about HKD 4,478 per sq ft.
Lippo Centre changed hands at HKD 39.2 m
According to market news, unit 5, 20/F, Tower 1, Lippo Centre, Admiralty, with an area of 1,680 sq ft, has been transacted at HKD 39.2 million or HKD 23,333 per sq ft. The original owner purchased the unit at HKD 36.624 million in 2015, making a book profit of HKD 2.57 million and a 7% appreciation in five years.
Sorrento transacted at HKD 25,483 psf
Unit B, low-floor, Tower 2, Sorrento, Kowloon Station, with a saleable area of 890 sq ft, has been changed hands at HKD 22.68 million or HKD 25,483 per sq ft. The original owner bought the unit at HKD 19.95 million in 2016, making a book profit of HKD 2.73 million in four years.
Manhattan Hill sold with HKD 5 m discount
Unit A, mid-floor, Tower 1, Manhattan Hill, Lai Chi Kok, with a saleable area of 1,847 sq ft and a parking space, has been sold with HKD 5 million discount at HKD 45 million or HKD 24,364 per sq ft. The original owner made a book profit of HKD 18.72 million.
(Sources: Vigers Research and market news)