CK Asset Tenders Another Four-Bedroom Unit at Ondem
SingTao · 1 SOURCESabout 1 hour ago2 MIN
Summary
CK Asset has put another large four-bedroom home at Ondem in Mid-Levels Central up for tender, extending sales momentum at one of Hong Kong's most closely watched luxury projects. The newly released unit is Flat 09 on the 10th floor, a 2,137-square-foot home with four bedrooms and two en suites, and it will be offered by tender from August 10 to August 31. Since launch, the project has recorded 10 transactions, each above HK$100 million, with total proceeds exceeding HK$1.93 billion.
Key Points
- The latest unit released is Flat 09 on the 10th floor, measuring 2,137 square feet with a four-bedroom, two-en-suite layout, to be sold by tender from August 10 to 31.
- Ondem has sold 10 units so far, with every transaction above HK$100 million and individual prices ranging from more than HK$126 million to over HK$380 million.
- Total cash proceeds from the 10 deals have exceeded HK$1.93 billion, with the project repeatedly setting new price highs since launch.
- One record deal involved the penthouse Flat 10 on the 20th floor, a 3,022-square-foot five-bedroom, three-en-suite home with a 2,136-square-foot rooftop, sold for over HK$380 million with two parking spaces.
- Another bulk buyer spent nearly HK$300 million on two 2,137-square-foot units, buying 12/F Flat 09 for over HK$148 million and 11/F Flat 09 for over HK$142 million.
Why It Matters
The latest tender shows developers are still using selective releases to test pricing power in Hong Kong's ultra-luxury market, especially after a run of record transactions. It also points to continued demand from wealthy buyers seeking large-format homes, including paired purchases for family use or private entertaining space.