Sun Hung Kai Properties

Door shuts for Arch buyers

PUBLISHED : Monday, 18 April, 2005, 12:00am
UPDATED : Monday, 18 April, 2005, 12:00am

Within one week of the Arch notching a record per-unit price for a $168 million penthouse, all available units in the Sun Hung Kai Properties development have been sold.

The developer says only reserve units remain on its books at the West Kowloon project. Eight hundred of the 1,052 units were sold within days of the pre-sale launch.

On Wednesday, the $168 million penthouse sale achieved a price of $31,500 per square foot - a record per-unit price in the city. SHKP says it is negotiating a higher price for another penthouse.

Other units have been sold at up to $24,500 per sq ft.