-
Advertisement
Sun Hung Kai Properties

Park Island flats back on buyer radar

Reading Time:2 minutes
Why you can trust SCMP
Sandy Li

Sweeping sea views, spacious gardens and private pools are the drawcards Sun Hung Kai Properties is banking on to find buyers for its latest project on Ma Wan Island.

The 65-unit AnaCapri is the sixth and final phase of the Park Island residential complex on Man Wan, which is between Lantau and Tsing Yi islands.

The marketing of the low-density luxury development began last week and had put Park Island back on buyer radars, said Kelvin Yiu, an assistant district manager at Midland Realty's Park Island branch.

Advertisement

'We had a busy weekend as more home-seekers visited Park Island to view units in AnaCapri as well as other flats being offered for sale in the secondary market,' said Yiu, who added that 30 transactions in the complex were completed this month, up from just nine last month.

'Buyers are back in the market in view of an overall improvement in market sentiment and satisfactory sales response from new launches in the past couple of weeks,' he said.

Advertisement

Resurgent demand had lifted prices as well, he said, and average transaction prices at Park Island had risen 3.8 per cent to HK$5,500 per square foot this month, from HK$5,300 last month.

Advertisement
Select Voice
Select Speed
1.00x