Kerry still targeting HK$6b in sales
Chu Ip-pui, an executive director of Kerry Real Estate Agency, said yesterday an occupation permit for Bayview had been granted and a certificate of compliance was expected within a month. "Then we will be able to release the units for sale in a completed condition."
Kerry Properties has maintained its sales target for the year and plans to launch Bayview, a residential project in To Kwa Wan.
Chu Ip-pui, an executive director of Kerry Real Estate Agency, said yesterday an occupation permit for Bayview had been granted and a certificate of compliance was expected within a month. "Then we will be able to release the units for sale in a completed condition."
Bayview may then be in line to become the second new residential project launched for sale after the Residential Properties (First-hand Sales) Ordinance came into effect on April 29. The first project was Dunbar Place, developed by Swire Properties.
The 36-storey Bayview offers 175 flats. The saleable areas of the standard flats range between 508 and 890 square feet, while the penthouses are between 1,100 and 1,300 sq ft.
Chu said the prices had yet to be confirmed. "But we will take prices at Laguna Verde in Hung Hom, which range between HK$13,000 and HK$15,000 per square foot in terms of saleable area, as a reference."
Despite the fall in property sales since the government introduced cooling measures in February, Kerry retained its sales target of HK$6 billion for this year, said Chu. Most of the revenue would come from new projects as only 30 flats remained to be sold at Lion's Rise in Wong Tai Sin, which are expected to be released for sale in the second half.