Cheung Kong’s Trinity Tower bags 216-unit sale

It sold in just four hours.

Barclays, citing Sing Tao Daily, said developers sold 255 units over the weekend.

The primary market was highlighted by the sales of Cheung Kong’s Trinity Tower in Sham Shui Po. The
216 units on offer were snapped up in four hours with a low pricing strategy.

Here’s more from Barclays:

With up to 11.75% discount on the headline price, the net average price for these 216 units was HK$10,516psf, 13% lower than the average transaction price HK$12,135psf of Wang On’s The Met.Delight in Sham Shui Po and the average secondary market price HK$12,135psf of Metro Harbourview.

Cheung Kong released another 93 units priced at HK$10,232psf on average (including a total 11.75% discount), 2% lower than the average price of the 216 units sold over the past weekend.

Looking ahead, Soundwill released the price list of the first 30 units at COHO in Causeway Bay. Including up to 18.75% discount, the net price for these 30 units is HK$27,525psf, 17% lower than the average transaction price HK$33,313psf of CSI’s Yoo Residence, close to HK$26,964psf of Wing Tai’s The Warren nearby.

Other major upcoming launches with presale consent secured include Cheung Kong’s 1,648-unit The Hemera in Tseung Kwan O (Phase IIIA of Lohas Park), 1,717-unit City Point in Tuen Wan and 1,071-unit Mont Vest in Tai Po.

Other major projects awaiting consent to presale include The Nova (255 units) in Western from COLI/Urban Renewal Authority and Mayfair By The Sea I & II (546 and 545 units) in Tai Po Pak Shek Kok sites from Sino Land.