New | Hong Kong buyers pack sales offices before loan rate increases
Wheelock sold 300 units at Monterey project, with one buyer paying HK$74 million for six flats, while Cheung Kong sold 80 Seanorama units within the first hour
Wheelock Properties sold 300 units, or more than 80 per cent of 372 units, at the Monterey project in Tseung Kwan O, with the first batch going for an average price of HK$14,208 (US$1,830) per square foot after a 17.5 per cent discount. One single buyer put down HK$74 million for six apartment units.
Cheung Kong Property put 188 units of Seanorama in Ma On Shan on sale for an average of HK$13,962 per square foot after a discount of up to 24 per cent on the same day.
About 80 units at Seanorama were sold within the first hour when sales started at 6pm.
The strong responses came as the Centa-City Leading Index, which measures transaction prices among 100 housing estates in the secondary market, surged to 149.38 points, setting a record in Hong Kong’s home prices.
Hong Kong’s commercial banks have kept their lending rates unchanged this week even after the US Federal Reserve and the Hong Kong Monetary Authority raised key lending rates by 25 basis points.