Hong Kong property launch sees brisk sales as buyers unfazed by Trump’s Iran warning
Flats at La Mirabelle in Tseung Kwan O range from 360 sq ft to 558 sq ft and with layouts of one to two bedrooms
Of the 168 units offered via a price list, 152 had been sold as of 6.40pm, according to Sino Land. A further 86 flats were made available by tender. Sino is one of the project’s co-developers.
The launch generated more than HK$1.1 billion (US$140 million) in revenue, the developer said in a statement.
Including both price-listed and tendered units, the project has sold 522 units in less than three weeks, generating more than HK$4.6 billion, it added.
End-users accounted for about 80 per cent of buyers on Tuesday, with investors making up the remainder, according to Victor Tin Sio-un, executive director at Sino.
A family office acquired four units for long-term investment, while many buyers were also expatriates, Tin said.
The flats via the regular sale were priced between HK$5.93 million and HK$8.99 million, including maximum discounts of 15 per cent. They were priced 1 per cent higher than those in the previous batch a week ago.