Fireworks for Harbour Place Owners

Source: STANDARD

Despite flocks of people leaving Hong Kong to enjoy Christmas overseas, the surging property sector remains the apple of investors eyes.

Market sources said Harbour Place, which was the Hunghom Peninsula before Sun Hung Kai Properties (0016) and New World Development (0017) bought it, sold 100 units at the weekend.

Market sources said that, over a four-day period, 900 units out of 1,000 launched have sold at an average cost of HK$7,000 per square foot.

Considering Christmas is traditionally a quiet period, this level of sales is about as spectacular as the harbor fireworks display the two companies are sponsoring for this New Years Eve that owners might be able to see from their new flats in the future as well.

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Editor: Shanna Chu