Wheelock Properties Ltd. updated the price list of its Island Residence project in Shau Kei Wan, Hong Kong, The Standard reported.
The average price came to HK$28,466 per square foot after certain discounts. The apartments range from 272 square feet to 393 square feet and are priced between HK$26,491 and HK$30,192 per square foot.
The company commenced sales at the Island Residence project in October 2015.
Wheelock also unveiled the price list for a batch of 55 apartments at its latest One Homantin residential project. The apartments are sized between 405 square feet to 1,564 square feet and are priced between HK$10.57 million to HK$64.2 million. In terms of per-square-foot price, the apartments range between HK$23,732 and HK$41,065.
The South China Morning Post recently reported that Sun Hung Kai Properties Ltd.'s record HK$25.16 billion acquisition of a roughly 16,556-square-meter site in the Kai Tak area of Kowloon, Hong Kong, is prompting other local developers to raise the prices of their unsold residential units in the city by as much as 70%.
