HONG KONG | Imperial Cullinan | 140m | 31-33 fl | T/O

[hkskyline]

Originally Posted by fatshe

9/13

Meanwhile, the inland side is still all covered up!

[Car L]

__________________
Buildings that don't get posted often (HK) Part I or here | Part II or here | Part III | Part IV | Part V
Artistic decorations inside and outside of the buildings

[tim1807]

Wow, all the buildings there looks the same.

[hkskyline]

10/15

[spicytimothy]

glassier than usual

[hkskyline]

Originally Posted by spicytimothy

glassier than usual

I think the glass is also hiding the bay windows. From the floor plans I see them, but it's hard to tell from the actual view.

[Car L]

__________________
Buildings that don't get posted often (HK) Part I or here | Part II or here | Part III | Part IV | Part V
Artistic decorations inside and outside of the buildings

[spicytimothy]

hmm... a bit shorter than I expected!

[hkskyline]

SHKP seeks more sales in slowdown
The Standard
Friday, December 09, 2011

Sun Hung Kai Properties (0016) is raising its sales target for its current fiscal year by 14 percent despite a property downturn.

This comes as various local developers continue destocking, with at least three projects coming to the market soon.

Hong Kong's largest developer by market value said yesterday it would sell 3,700 homes worth HK$32 billion in the year to June 2012, up from the HK$28 billion guidance given in September. HK$5.2 billion will be generated from the mainland, while the rest will come from Hong Kong, said Eric Chow Kwok-yin, executive director of SHKP's sales agency.

In the four months to November, the blue- chip developer collected HK$23 billion of sales proceeds, or 71 percent of the new target, Chow said. This was largely from Imperial Cullinan in Tai Kok Tsui and The Wings in Tseung Kwan O.

Thomas Kwok Ping-kwong, who with brother Raymond Kwok Ping-luen took over as co-chairmen from their mother yesterday, said the impact on Asian and Hong Kong property from the European turmoil will be milder because of China's economic resilience.

Victor Lui Ting, another executive director at SHKP sales agency, added that rising incomes and relatively low mortgage rates will be positive for the market, while inflation will encourage money to flow into property.

Raymond Kwok dismissed analysts' concerns over the group's financial strength, saying: "SHKP is collecting some HK$3 billion of rents every year ... and we are financially sound."

He added that net debt to equity ratio remains low at 17 percent by end-November.

SHKP will continue to buy land, Thomas Kwok said. The market expects sales at Chatham Gate in Hung Hom to begin soon.

It received the presale permit last month.

Meanwhile, Far East Consortium International (0035) senior sales and marketing director Allen Fong Chun said flats at Star Ruby in Hung Hom may be priced at an average HK$10,000 per square foot. The smallest unit may cost less than HK$4 million. The showflat will open next Monday before sales begin.

Kowloon Development (0034) plans to price some flats above Mount East's 31st floor in North Point at an average HK$20,000 psf.

The developer is also offering a second mortgage for 25 percent of the value. Interest for the first two years is fixed at 0.68 percent. The offer is equivalent to a 4 percent discount.

[hkskyline]

3/4

[hkskyline]

Unit Renderings

[hkskyline]

3/17

[hkskyline]

Cheung Kong sales ride high
The Standard
Wednesday, August 08, 2012

Cheung Kong Holdings (0001) is poised to hit its second-highest sales volume - after already selling 2,800 units so far this year for nearly HK$20 billion.

"Total sales this year could exceed 4,000 units, allowing us to record the second-highest yearly sales volume ever," executive director Justin Chiu Kwok-hung said.

He expects total units sold to reach 3,000 by the end of the month, including remaining flats at The Beaumount in Tseung Kwan O and the villas at Uptown, Yuen Long. Four more projects are due to launch this year.

The developer's all-time high for annual sales was 6,600 units in 2003.

Senior sales manager Allen Fong Chun said the 14 Uptown villas of 2,154 square feet each will bear price tags of HK$7,100 to HK$7,800 per square foot.

Separately, Sun Hung Kai Properties (0016) sold 638 of 650 units at Imperial Cullinan for HK$13 billion in all.

A three-story unit with a pool and a 3,005-sq-ft indoor area was put on the market yesterday for HK$50,000 psf, or over HK$150 million.

"It may be the highest per-square- foot price in Kowloon district apart from Kowloon Station," SHKP executive director Victor Lui Ting said.

Another unit with a swimming pool was earlier sold for HK$43,000 psf.

Sun Hung Kai Real Estate Agency assistant general manager Allen Woo Chi-yuen said 30 percent of the buyers are mainlanders and businessmen from both sides of the border.