CK Property’s Harbour Glory project sets new price record for Hong Kong Island East
First batch of 76 apartments to go on sale for HK$10.3 million to HK$64.2 million, or HK$23,600 to HK$40,255 per sq ft after discount
Cheung Kong Property (Holdings), undeterred by mounting pressure on the government to roll out tougher cooling measures, is to offer its residential project in North Point at a record price for Hong Kong Island’s East district.
The developer announced on Monday that the first batch of 76 apartments at Harbour Glory, ranging in size from 432 square feet to 1,595 sq ft, would go on sale for HK$10.3 million to HK$64.2 million, or HK$23,600 to HK$40,255 per sq ft after a discount of as much as 34 per cent.
The most expensive is a 1,595 square foot unit on the 20th floor, with a full sea view of Victoria Harbour, costing HK$97.28 million, or HK$60,993 per sq ft. But the price will come down to HK$64.2 million, or HK$40,255 per sq ft, after factoring in the 34 per cent discount.
“The discounted price will still be a record for Island East,” said Sammy Po, chief executive of Midland Realty’s residential department.
The price is even higher than a 2,123 sq ft unit on the 20th floor of the luxury Mid-Levels residential development, 39 Conduit Road, which changed hands for HK$76.7 million, or HK$36,132 per sq ft on March 28, according to the Centaline Property Agency website.
The cheapest Harbour Glory flat is a 437 sq ft one-bedroom unit on the 8th floor, with a view of Electric Road market, which is being offered for HK$10.3 million, or HK$23,600 per sq ft after discount.