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Wharf launches second lot of apartments at Gateway

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Wharf (Holdings) is launching a second batch of serviced apartments at its three-tower Gateway II development in Tsim Sha Tsui after strong leasing response.

Doreen Lee Yuk-fong, director and general manager of Wharf's marketing arm Harriman Leasing, said it had secured 86 clients for the first batch of 95 suites.

The second batch of 57 suites will be offered from today, with rents at $48 to $50 per square foot a month, up from $43 to $44 per sq ft for the first batch, she said.

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She said discounts offered would be reduced slightly in light of the good response.

Wharf launched the serviced apartments in Sutton Court and Hampton Court, built on top of two office blocks of Gateway II, in mid-September.

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The first 95 units on offer, ranging from 700 sq ft to about 2,000 sq ft, account for 19 per cent of the 499 apartments in the development. The unit mix includes studios, one-bedroom to three-bedroom apartments and penthouses.

Ms Lee said more than half of the tenants for the first batch signed one-year or two-year contracts and there were very few tenants who rented for less than four months.

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