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Heavy rain dampens sales at Great Eagle’s Onmantin project in Ho Man Tin with 67 units sold of 150
- Sales of the units, which ranged from 340 sq ft to 783 sq ft at HK$18,597 to HK$28,350 per square foot, were suspended after a red rainstorm signal on Saturday
- About a third of clients registered to buy the flats came from mainland China, according to Midland Realty
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Bad weather softened sales for Great Eagle Holdings’ Onmantin residential project over the weekend as some 150 flats went up for sale in Ho Man Tin.
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Sales were suspended by midday, after 67 of the units were sold, when a red rainstorm signal was issued, according to agents.
The listings for the one- to three-bedroom units, ranging from 340 sq ft to 783 sq ft, were priced from HK$7.01 million (US$897,200) to HK$19.4 million, or HK$18,597 to HK$28,350 per square foot, after discounts.
Most of the sales for the day went to the larger two- and three-bedroom units, according to property agent Sammy Po Siu-ming, CEO of Midland Realty’s residential division for Hong Kong and Macau.
The Onmantin project comprises 900 flats in five 24-storey towers, and sits above the Ho Man Tin railway station in Kowloon. It is expected to be completed in two phases of 418 and 572 units.
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The units were priced about 10 per cent higher than the discounted price per square foot in the first listing last weekend.
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