Luxury property projects draw mixed response form buyers
Units for sale in Ho Man Tin elicit vastly different responses as buyers weigh incentives, delivery schedule
It was tale of different worlds in property sales on holiday Good Friday, as two luxury projects in Ho Man Tin drew a different responses from buyers, with one hot and the other cool, indicating that big-ticket purchasers are becoming selective in their home purchases.
Buyers snapped up nearly all of the first batch of 35 units at Sun Hung Kai Properties’ Ultima phase two, while a similar high-end project by Wheelock Properties, One Homantin, about a 10 minute walking distance away, managed to attract sales for 30 of the 148 units on offer, according to sources.
The two projects have registered 900 prospective buyers ahead of the official sale.
“Investment sentiment has weakened as increasingly people expect home prices to fall further,” said Philip Capital Management fund manager Li Kwok-suen.
SHKP’s sales office has accumulated a queue of more than 300 prospective buyers and agents when it started the sale for 35 units from noon.
