La Mirabelle II sells three flats for HK$21.24m
Thestandard · 1 SOURCESabout 1 hour ago2 MIN
Summary
Sino Land’s La Mirabelle II in Tseung Kwan O recorded three unit sales on Thursday, generating more than HK$21.24 million in total proceeds . One bulk buyer purchased two of the flats, each measuring 445 square feet, for HK$7.2 million and HK$7.17 million respectively . The developer said those prices worked out to HK$16,198 and HK$16,123 per square foot . Across the broader La Mirabelle series, 1,007 units have been sold so far for more than HK$8.7 billion .
Key Points
- La Mirabelle II, developed by Sino Land in Tseung Kwan O, sold three units on Thursday for more than HK$21.24 million combined .
- A bulk investor bought two 445-square-foot flats for HK$7.2 million and HK$7.17 million respectively during the day’s transactions .
- The two flats were priced at HK$16,198 per square foot and HK$16,123 per square foot based on their sale prices .
- The wider La Mirabelle residential series has sold 1,007 units so far, generating more than HK$8.7 billion in proceeds .
- The project is jointly developed by Sino Land, Kerry Properties, K Wah International, China Merchants Land, and MTR Corporation .
Why It Matters
The latest transactions show developers are still able to move units in Hong Kong’s primary residential market, including to buyers willing to acquire multiple flats in one go . For Tseung Kwan O, the sales add to evidence that large-scale joint-venture projects can continue building turnover and cash collection through steady unit disposals .