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Sophia Wong

Yesterday saw several hundred units in four new residential projects change hands as buyers flocked to Christmas Day sales.

The bulk of sales were recorded by Henderson Land and Hong Kong Ferry's Metro Harbour View development in Tai Kok Tsui.

More than 300 units in Metro Harbour View were sold by early afternoon, Henderson Land general manager of sales Donald Cheung Ping-keung said.

He estimated the end of the day would see 600 units sold, generating about HK$1.5 billion.

The first 28 units for public sale went immediately at an average price of about HK$3,000 per square foot. The price went up for additional units. They were sold at an average price of HK$3,300 per square foot.

Centaline senior associate director Sandia Lau Ying-lam said Metro Harbour View had received a good market response.

Within an hour of yesterday morning's opening, 130 units had been sold. Most of the buyers were end-users, she said.

About 1,300 people registered for the public sale.

Meanwhile, the sales manager of Chinachem Group, Ng Song-mou, said 42 of its Marbella units in Ma On Shan had new owners by yesterday afternoon.

On Tuesday, Chinachem will release 16 units at the completed project for public sale at a listed price of HK$3,012 per square foot.

Later it would release more units on higher floors at an average price of HK$3,300 per square foot, Mr Ng said.

Buyers are being offered preferential packages, including a cash rebate of 7 per cent of the mortgage loan. Marbella offers a total of 508 units, ranging in size from 664 square feet to 1,060 square feet.

Cheung Kong (Holdings) yesterday said it had sold 10 more units at its Victoria Towers project, in Tsim Sha Tsui, at HK$4,000 to HK$5,000 per square foot through an internal sale, netting HK$53 million. Today four more units will be on sale at the same price levels.

Cheung Kong has racked up more than HK$2 billion from the project after selling 330 units through internal sales.

On Friday, seven Victoria Towers units will be available for public sale at HK$4,558 per square foot. There are still about 600 units available and they will be sold on a first-come, first-served basis.

Wharf (Holdings) yesterday sold about 20 units at its Kowloon Station Sorrento development. They went at an average price of HK$4,100 per square foot, assistant director Ricky Wong Kwong-yiu said.

He indicated that an additional eight units would be released for sale today at the same price.

Wharf has generated about HK$3.9 billion by selling nearly 890 units at Sorrento.



Developers savour Christmas cheer