Henderson Land Development's (HKG:0012) phase 2 of the Belgravia Place project in Cheung Sha Wan, Hong Kong received 350 orders for its 50 units, making the project oversubscribed seven times, The Standard reported Sunday.
The developer launched the price list with an average discounted price of HK$15,968 per square foot, up 0.4% than the HK$15,902 per square foot in phase 1, the report said.
Henderson also received 800 orders for 63 units at its Eight Southpark project in Kowloon City, Hong Kong, making the project 13 times oversubscribed, the report said.
The units were priced at an average of HK$17,388 per square foot, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.