Kerry's Grand Skyline Sells Final Penthouse for HK$14.18 Million, 99% Units Gone
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
Kerry Properties' Grand Skyline in Yuen Long has achieved a major milestone by closing out sales of its top-floor specialty units with the June 21 transaction of a penthouse featuring a platform and rooftop for HK$14.18 million. The project has now sold 591 of its 594 apartments, translating to a 99 percent take-up rate and cumulative transaction values surpassing HK$2.7 billion. This final sale completes the disposition of all premium specialty units in the development.
Key Points
- The final sold unit was Flat B on the 28th floor of Tower 1A, spanning 773 square feet with a three-bedroom, one-ensuite layout and enclosed kitchen design
- The unit includes a 173-square-foot private platform and a 476-square-foot rooftop terrace, with the transaction priced at HK$14.18 million or HK$18,350 per square foot
- Grand Skyline launched sales of its top-floor specialty units on June 16, when one such unit was sold before this latest deal completed the collection
- The development comprises 594 residential units in total, with 591 apartments now sold, generating more than HK$2.7 billion in cumulative transaction value
- Kerry Properties is the developer behind the Grand Skyline project in Yuen Long's suburban New Territories location
Why It Matters
The successful clearance of all specialty units at Grand Skyline signals robust demand for premium residential products with unique outdoor features in Hong Kong's suburban market, potentially influencing pricing strategies for similar developments in the New Territories. With nearly complete sell-through achieved and over HK$2.7 billion in total sales, this outcome reinforces developer confidence in launching new projects in the residential market.
The successful clearance of all specialty units at Grand Skyline signals robust demand for premium residential products with unique outdoor features in Hong Kong's suburban market, potentially influencing pricing strategies for similar developments in the New Territories. With nearly complete sell-through achieved and over HK$2.7 billion in total sales, this outcome reinforces developer confidence in launching new projects in the residential market.