Demand for Hong Kong developer Wing Tai’s Oma Oma project pushes residential property sales to ‘one of the best weekends this year’
- Wing Tai Properties receives 800 bids for 193 units at Oma Oma in Tuen Mun
- On Saturday, Wheelock Properties sold all 504 Grand Montara flats in Tseung Kwan O
Hong Kong property developer Wing Tai Properties said on Sunday it had sold about 70 per cent of apartments on offer at its new Oma Oma development in Tuen Mun, rounding off what could be one of the most successful weekends for residential property sales in the city this year.
Buyers had snapped up 130 units out of the 193 on offer at Oma Oma as of 5pm, a day after Wheelock Properties sold all 504 Grand Montara apartments in Tseung Kwan O, in Hong Kong’s third-biggest weekend launch this year.
News of a truce in the year-long US-China trade war has lifted sentiment and boosted confidence, and could signal the beginning of a shift in market mood.
“Property sales will probably continue to heat up over the next few days, thanks to the good news from G20,” said Louis Chan Wing-kit, vice-chairman for Asia-Pacific at Centaline Property Agency. “The sale result [at Oma Oma] has been much better than we expected,” he added.
“In total, almost 700 units of new flats have been sold yesterday and today, which is one of the best weekends this year,” said Sammy Po Siu-ming, chief executive at Midland Realty’s residential department.
