Marini II Sells 10 Units Over Weekend, Raising Over HK$75.24 Million
AM730 · 2 SOURCESabout 1 hour ago1 MIN
Summary
The Marini II development, the final phase of the Lohas Park project in Tseung Kwan O, sold 10 units over Saturday and Sunday, with total sales exceeding HK$75.24 million . Sunday (March 9) alone saw six units sold for over HK$43.07 million . The broader Marini series has now accumulated sales of 997 units, with total proceeds surpassing HK$8.7 billion .
Key Points
- Marini II is developed by Sino Land, K. Wah International, Kerry Properties, China Merchants Land, and MTR Corporation in a joint venture
- The development sold 10 units across the weekend of March 8-9, with total sales exceeding HK$75.24 million
- Six units were sold on Sunday alone, generating over HK$43.07 million in revenue
- One recorded transaction was Unit E on the 20th floor of Tower 3A, with a saleable area of 460 square feet, selling for HK$7.3312 million at approximately HK$15,937 per square foot
- The entire Marini series has now sold 997 units, with cumulative sales exceeding HK$8.7 billion
Why It Matters
The sustained sales momentum at Marini II demonstrates resilient demand in Hong Kong's mass residential market despite broader economic uncertainties. The project nearing 1,000 units sold signals continued buyer confidence in large-scale, rail-linked developments in the New Territories, which may encourage other developers to accelerate their sales strategies in comparable projects.
The sustained sales momentum at Marini II demonstrates resilient demand in Hong Kong's mass residential market despite broader economic uncertainties. The project nearing 1,000 units sold signals continued buyer confidence in large-scale, rail-linked developments in the New Territories, which may encourage other developers to accelerate their sales strategies in comparable projects.