Sino Land makes quick work of 336 flats at its Grand Central residential project in Kwun Tong
- Only two flats remained unsold in the third phase on Sunday after more than 3,300 buyers had registered for the sale
Sino Land’s Grand Central residential project in Kwun Tong, East Kowloon, saw another round of buying frenzy on Sunday, as 336 of the 338 units on offer were snapped up by eager investors.
According to the developer, 3,300 people had registered for the sale.
“Although two of the units were not sold on Sunday, the project continues to see strong buying interest,” said Sammy Po, chief executive of Midland Realty’s residential department, the sales agent for the development.
Po said that the strong sales have encouraged the developer to put more units on the market after buyers have stayed on the sidelines following the recent correction in property prices.
Sino Land said a total 1,205 flats at the 1,999-unit Grand Central development were sold as of Sunday as it raked in sales of HK$14.7 billion (US$1.9 billion) – the most for new flat sales in Hong Kong this year.