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SHK’s Lime Gala in Shau Kei Wan tipped to attract huge interest
At between HK$5 million and HK$10 million, unit prices are low compared with nearby projects, say agents
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Sun Hung Kai Properties has listed the first 143 units of its new estate in the north east of Hong Kong island at a discounted average of HK$17,732 per sq ft, a price experts say will attract both investors and first-time buyers.
Hong Kong’s largest developer has priced the flats at the Lime Gala estate in Shau Kei Wan at between HK$5 million and HK$10 million, as local developers speed up project launches to cash in the current positive market sentiment.
Property agents say the prices at Lime Gala are low compared with nearby projects. Henderson Land Development ’s Parker 33 was sold last year at an average HK$20,200, while Wheelock Properties’ Island Residence was offered at HK$18,388 per sq ft at its launch in September.
Danny Ho, principal sales manager at property agency Centaline Property Agency, said the flats, with good views and facilities, are likely to draw strong response from buyers.
“We haven’t seen any new big housing estates in the east of the island for a long time.
“Most projects are single buildings,” Ho said. “Lime Gala has an outdoor swimming pool and a club, which can be built only in big projects.”
We haven’t seen any new big housing estates in the east of the island for a long time
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