New projects from Cheung Kong, SHKP to fight it out in Tseung Kwan O
Cheung Kong and SHKP are poised to launch new projects for sale in the district, which is expected to lure East Islanders who want to upgrade
Hong Kong's two largest developers, Cheung Kong (Holdings) and Sun Hung Kai Properties, will battle for buyers in Tseung Kwan O, where they are poised to launch new projects for sale.
Hot on the heels of the successful launch of its Mont Vert development in Tai Po, Cheung Kong will sell flats at Hemera, its joint-venture project with Nan Fung Development.
Sun Hung Kai Properties deputy managing director Victor Lui Ting plans to launch The Wings IIIA once it obtains presale consent from the Lands Department this month.
The two developments could provide a total of 2,608 flats. "The projects are expected to catch the attention of upgraders, who are interested in buying a bigger flat," said Aaron Mak, a sales manager at agency Hong Kong Property, said. "However, since The Wings IIIA offers one-bedroom and two-bedroom flats, it will also attract investors."
Property agents said the 1,648 flats at Hemera, Phase IIIA of Lohas Park, will mainly provide three-bedroom flats rather than one- or two-bedroom flats. Hemera's location is better than those of the previous phases, because it is above Lohas Park MTR station.
The Wings IIIA, south of the Tseung Kwan O MTR station, offers 960 flats. About two-thirds of the units are medium-sized and small flats with one to three bedrooms. The remaining flats have four bedrooms. The minimum saleable floor area of the one-bedroom flats is 334 square feet.