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Old April 2nd, 2017, 05:50 AM   #61
hkskyline
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SHK reports bumper weekend as the HK$10m one-bedroom flat grabs buyers’ fancy
A new trend is catching the fancy of residential buyers: the HK$10 million single-bedroom apartment measuring about 400-plus square feet.
April 2, 2017
South China Morning Post Excerpt

Sun Hung Kai Properties sold almost all of the 246 units of its Cullinan West apartments on Saturday, in another display of the fervent demand for housing property that pushed Hong Kong’s home price index to records for 11 successive months.

As many as 219 units, or 89 per cent of the units on offer, were sold by 8 pm, sales agents said, with some buyers seizing multiple apartments, undeterred by rising interest rates or the government’s stamp duty on second-time owners.

“Within one hour, over HK$1 billion in sales was recorded,” said Centaline Property Agency’s Asia-Pacific chief executive Louis Chan Wing-kit, who said that two Centaline customers each bought three units, while another bought two.

About half of the Cullinan West apartments -- located atop the Nam Cheong MTR station in Kowloon -- offered on Saturday were one-bedroom units, suggesting a new trend that’s catching the fancy of residential buyers: the HK$10 million (US$1.3 million) single-bedroom apartment measuring about 400-plus square feet.
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Old April 4th, 2017, 06:54 AM   #62
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Old June 12th, 2017, 11:54 AM   #63
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Old August 13th, 2017, 09:49 AM   #64
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Old October 22nd, 2017, 06:02 AM   #65
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Old November 21st, 2017, 11:24 AM   #66
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HK, day 2 - 19th November 2017 by TW Cheong, on Flickr
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Old December 3rd, 2017, 11:28 AM   #67
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Buyers snap up flats in Hong Kong development, the Cullinan West II, ahead of possible US interest rate rise
On Saturday, more units of Sun Hung Kai Properties’ project on top of Nam Cheong MTR station went on sale, with units ranging from 272 to 1,509 sq ft
December 2, 2017
South China Morning Post Excerpt

Buyers flocked to snap up more than 90 per cent of the units for sale in a Hong Kong residential project on Saturday, ahead of a two-day meeting by the US Federal Reserve to discuss a possible interest rate increase later in December.

On Saturday morning, 130 units of Sun Hung Kai Properties’ Cullinan West II project, sitting atop Nam Cheong MTR station, went on sale, with units ranging from 272 to 1,509 sq ft.

As of 5pm on Saturday, 119 units had been sold, according to market sources. The remaining units were mainly larger four-room units, which cost as much as HK$54.45 million (US$6.97 million). The cheapest unit was offered at HK$7.56 million, with just 272 sq ft of space.

Midland Realty residential chief executive Sammy Po said that small units offered today were very popular because “most of the buyers are purchasing the units for their own use”.
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Old December 12th, 2017, 09:01 PM   #68
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