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<New Home>HENDERSON LAND's Hung Hom Project Named 'CHESTER II' Offering 263 Units
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HENDERSON LAND (00012.HK) officially named the new phase of its Hung Hom MIDTOWN SOUTH project "CHESTER II", which provides 263 units, comprising one- to three-bedroom apartments, with two-bedroom units accounting for the largest proportion. The project’s key date is September 30, 2026. Thomas Lam, General Manager of Sales (1) Department at Henderson Property Agency Limited, said the project will soon commence its sales process, with a higher chance of releasing the price list after the Dragon Boat Festival. The project is anticipated to launch for sale within this month. He noted that its sister project "CHESTER" launched this year has sold 216 units, generating approximately HKD1.84 billion in cash proceeds. The average unit price was HKD8.519 million, with an average price of about HKD22,271 per square foot. Regarding the property outlook, he said that oil prices have retreated drastically following reconciliation in the US-Iran conflict, and related concerns are expected to ease. He also believed the likelihood of further interest rate hikes in Hong Kong is low and that housing demand remains in place, therefore he is not worried about insufficient buyer interest. AASTOCKS Financial News |
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