Grand Ming Group acquires a residential building in Ho Man Tin for HK$820 million
279 Prince Edward Road West, Ho Man Tin has been sold to Grand Ming Group (01271) by Yuexiu Property (00123) for HK$820 million (about HK$20,000 per sq ft GFA). The brand new residential building has 18 residential units (ranging from 1,300 to 2,700 sq ft saleable) and a club house, with a total GFA of 39,420 sq ft.
Residential Market (HKEJ / Sing Tao / HKET)
Adjoining units (1,270 sq ft saleable with a 1,022 sq ft roof) on the top floor of Block 12, Laguna City, Lam Tin have been sold for HK$24 million (HK$18,900 per sq ft saleable).
House 19 (7,981 sq ft saleable with a 4,201 sq ft garden) in Phase 1, Mount Nicolson has been sold for HK$620 million (HK$77,685 per sq ft saleable).
According to market news, a mid-floor unit (3,273 sq ft saleable) in Bowen Mansion, Mid-Levels has been sold for HK$69 million (HK$21,082 per sq ft saleable), an increase of HK$61 million over the transaction price paid in 2003.