SINO LAND's subsidiary, Capella III, received over 1,350 bookings and took advantage of the momentum to release an additional 108 units yesterday.
The General's Bay Phase 11D "Capitol Peak III", developed in collaboration with MTR Corporation, SINO LAND, Kerry Properties, and China Merchants Land, released a new batch of units yesterday, totaling 108 units. The units are priced at a discounted rate of 15%, with an effective average price of HKD 16,938 per square foot.
According to Dolphin Research APP, on August 21st, the joint development project of MTR Corporation (00066), SINO LAND (00083), K Wah International (00173), and China Merchants Land (00978) released a new batch of units for the Phase 11D of Sunrise Kaitak City, named "Capitol Peak III". There are a total of 108 units available, with a discount of 15% and an average discounted price of HKD 16,938 per square foot. Similar to the first batch, these units are released at the original price, with an actual entry price of HKD 7.16 million. As of yesterday, there have been over 1,350 registered subscriptions, which is 4.6 times oversubscribed.
Tin Chiu-yuen, the Executive Director of Sun Hung Kai Properties, stated that the number of registered subscriptions has exceeded one thousand, and the units released yesterday were in response to market demand. This batch is also released at the original price. If buyers choose the 200-day payment plan, they can enjoy a 14% discount and a 4.5% interest subsidy. After calculation, the actual selling price of the units starts from HKD 6.92184 million, with an actual price per square foot starting from HKD 15,348. It is expected that the first round of sales will take place as early as this weekend.
It is reported that Capitol Peak, which belongs to Phase 11 of Sunrise Kaitak City, is divided into three phases and will provide a total of 1,880 units. The first and second phases were launched for sale in June and July last year, respectively. When Capitol Peak I, the first phase, was first launched in June last year, the initial batch of 128 units had an average discounted price of HKD 17,888 per square foot. Capitol Peak II, the second phase, was launched immediately after Capitol Peak I, offering a total of 644 units. The first batch consisted of 138 units, with an average discounted price of HKD 18,378 per square foot.
The first batch of Capitol Peak III consists of 130 units, including 6 studio units, 42 one-bedroom units, 76 two-bedroom units, and 6 three-bedroom units, with sizes ranging from 283 to 719 square feet. The price ranges from HKD 5.844 million to HKD 14.749 million, with a price per square foot ranging from HKD 18,469 to HKD 21,494. With the highest discount of 15% for the 120-day payment plan, the actual selling price is approximately HKD 4.9674 million to HKD 12.5366 million, with an actual price per square foot ranging from HKD 15,699 to HKD 18,270. The average discounted price per square foot for this batch of units is approximately HKD 16,938.