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SHK offers 96 more Meadowlands flats at same price level

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SUN Hung Kai Properties will release an extra 96 flats at its low-rise Meadlowlands development in Yuen Long, raising the total number of units on sale to 160.

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A total of 312 people had registered to buy the flats in the offering when the five-day registration period ended yesterday.

The units, measuring from 584 to 913 square feet, will go on formal sale on Saturday at the same average price of $2,556 per square foot.

Sun Hung Kai is offering an extra 10 per cent mortgage for buyers on top of the 70 per cent provided by banks.

Private developer Luk Hoi Tong Co also will provide a 10 per cent top-up mortgage to attract buyers for its Bauhinia Garden homes, also in Yuen Long.

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It is offering 20 flats at an average of about $2,500 per square foot.

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