Hong Kong property: Henderson Land’s Belgravia Place residential project in Cheung Sha Wan a hit with buyers

Hong Kong property: Henderson Land’s Belgravia Place residential project in Cheung Sha Wan a hit with buyers

Hong Kong property: Henderson Land’s Belgravia Place residential project in Cheung Sha Wan a hit with buyers

Hong Kong property: Henderson Land’s Belgravia Place residential project in Cheung Sha Wan a hit with buyers

Hundreds of prospective homebuyers rushed to seize units at Henderson Land Development’s new project on Sunday, the first major residential sale after the government removed all property curbs in the budget.

All 138 units available in the first round of sale in Belgravia Place, in Cheung Sha Wan, were bought by 3.30pm, within four hours of the launch, according to the developer.

Hundreds of prospective buyers arrived at the sales office at Mira Place in Tsim Sha Tsui before the doors were thrown open at 10am, as they jostled for a chance to snap up flats.

The project attracted 4,400 expressions of interest from clients who paid a deposit in the hope of securing a flat, amounting to more than 30 buyers for each available flat, Henderson said.

Construction continues at Henderson Land’s Belgravia Place on Berwick Street, Shek Kip Mei. Photo: Yik Yeung-man

Among them was a buyer who snapped up four units for a total of HK$25.8 million.

The 138 units included studios to three-bedroom flats with area ranges from 199 sq ft to 457 sq ft. The prices ranged from HK$3.2 million (US$408,000) to HK$7.5 million after discounts, or HK$14,838 to HK$17,359 per square foot.

Belgravia Place has a total of some 1,000 units, which will be developed in two phases, with the first phase providing 714 units.

More to follow …

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