Flora Plaza to sell another 80 flats
STRONG buyer response to the sale of Flora Plaza in Fanling has encouraged developers Henderson Land Development and Chinachem Group to put another 80 flats on the market.
The developers said they had received about 500 applications from prospective buyers for the first batch sale of apartments in Flora Plaza after the four-day registration programme.
It represented an over-subscription rate of three times the initial offer of 128 units in blocks three and four of the development.
Henderson Land said another 80 units would be put on the market, making a total of 208 units in blocks three and four, on public offer tomorrow.
A spokesman for Henderson Land said prices for the 80 apartments has not yet been finalised.
He said it would be similar to the pricing of the first batch of 128 apartments, pitched at an average of $2,757 per square foot for lump-sum payments.
For the staggered and co-finance payment alternatives, the average price of units in the development is about $2,812 per square foot.
Flora Plaza, in Pak Wo Road, comprises 2,710 units in 10 blocks, near the Kowloon-Canton Railway station in Fanling. Units at the two blocks measure between 512 sq ft and 711 sq ft each.
Besides the public sale, 80 units have been reserved for internal sale at the same prices and terms.
Wheelock Properties said it postponed the launch of the second phase of Parc Regal, the luxury residential development on Homantin Hill Road, from yesterday to today due to the lingering effects of Typhoon Kent on the territory.
China Overseas Land & Investment said the proposed public offer of the five garden houses at Villa Camellia in Yuen Long also had been postponed due to the effects of the typhoon.
