Chai Wan's La Montagne Sells Two Flats in a Day
AM730 · 1 SOURCESabout 1 hour ago2 MIN
Summary
La Montagne in Chai Wan, jointly developed by Swire Properties and China Motor Bus, recorded two more transactions on March 10 after opening its completed show flats to the public . The two units sold for between HK$9.03 million and more than HK$12 million, generating more than HK$21 million in total . Their saleable areas ranged from 537 to 573 square feet, with prices equivalent to about HK$16,816 to HK$20,942 per square foot . The latest buyers included an out-of-district investor and a Hong Kong Island end-user, showing demand from both investment and owner-occupier segments .
Key Points
- The project had already recorded eight transactions over March 8 and 9, bringing in more than HK$82 million before the two additional deals on March 10 .
- The two latest units measured between 537 and 573 square feet in saleable area and changed hands at prices from HK$9.03 million to above HK$12 million .
- Based on saleable area, the achieved prices were about HK$16,816 to HK$20,942 per square foot for the two March 10 transactions .
- One unit was sold by tender to an out-of-district buyer who chose the project for investment after comparing several developments in the market .
- The other deal involved a two-bedroom flat bought by a Hong Kong Island purchaser for self-use, according to the developer's account of buyer demand .
Why It Matters
The latest sales suggest completed new projects with ready-to-view flats can continue drawing both investors and end-users in Hong Kong's primary market . For buyers in the eastern Hong Kong Island district, the project is also being positioned around build quality, clubhouse facilities and transport links rather than price alone .