Sino Land's La Mirabelle Achieves 1,000 Unit Sales Surpassing HK$8.7 Billion in Tseung Kwan O
Thestandard · 1 SOURCESabout 1 hour ago1 MIN
Summary
Sino Land's (stock code: 0083) La Mirabelle residential project in Tseung Kwan O has achieved a significant sales milestone, surpassing 1,000 units sold and accumulating more than HK$8.7 billion in total revenue. The project moved 16 units over the past three days, reaching this impressive milestone that underscores strong buyer demand in the suburban housing market. Local Tseung Kwan O residents dominated the buyer profile at 65 percent, while the remaining 35 percent came from other districts across Hong Kong.
Key Points
- Sino Land's La Mirabelle in Tseung Kwan O sold 16 units in three days, bringing total sales to over 1,000 units
- The project has generated total revenue exceeding HK$8.7 billion since its launch
- Approximately 65 percent of buyers are local Tseung Kwan O residents, with 35 percent from other districts
- Victor Tin Sio-un, executive director of Sino Land, highlighted the strong local demand for the development
- Twenty groups of bulk buyers have purchased units specifically for rental income investment purposes
Why It Matters
The strong sales performance of La Mirabelle signals robust demand for new residential properties in Hong Kong's suburban areas, with a notable proportion of buyers viewing real estate as a rental income opportunity. This trend could influence future development strategies and pricing decisions in the Tseung Kwan O area and similar locations across the territory .
The strong sales performance of La Mirabelle signals robust demand for new residential properties in Hong Kong's suburban areas, with a notable proportion of buyers viewing real estate as a rental income opportunity. This trend could influence future development strategies and pricing decisions in the Tseung Kwan O area and similar locations across the territory .