CK Asset sells its unsold (and contracted to sell) units at 21 Borrett Road, Mid-levels to Sino Suisee at HK$20.766b. The consideration will be paid by stages with the last payment in March 2025. Our Senior Director Alex Leung provides comments and analysis to Mingtiandi. The average unit price of the sold and contracted units was around $83,438 psf (Vs $62,000 psf in the enbloc sale), both on the basis of only 1 car park per flat. The sold units comprise all special units on the top floor and mostly high-floor units in the taller block. The flat to car parking space ratio of the unsold 148 residential units is 1.58, which is rather low if the flats are for strata-title sale in view of the high-class and flat sizes of the development. CK Asset
Announcement – https://bit.ly/3M8oa83
Mingtiandi – https://bit.ly/3VepryO
