Park Silicon draws 10,000 visitors, 1,200 checks
Thestandard · 1 SOURCESabout 1 hour ago1 MIN
Summary
Wheelock Properties said Park Silicon Phase Two, known as Palo Springs in Kwu Tung, drew strong market attention over the weekend after the first price list for 65 units was released last Friday. By Sunday afternoon, the project had attracted more than 10,000 visitors to its marketing suite and received more than 1,200 checks, with the first round of sales expected as early as mid-August.
Key Points
- Wheelock Properties released the first price list for 65 units last Friday for Park Silicon Phase Two Palo Springs in Kwu Tung.
- The marketing suite recorded more than 10,000 visitors over the weekend, showing heavy buyer traffic after pricing was announced.
- As of Sunday afternoon, the project had received more than 1,200 checks, equivalent to about 18 times oversubscription.
- Managing director Ricky Wong Kwong-yiu said most registrants were from the New Territories, while about 30 percent came from Kowloon, Shenzhen and mainland China.
- Two-bedroom flats were the most popular, while discounted prices started at HK$5.06 million and from HK$15,903 per square foot.
Why It Matters
Wheelock Properties expects to release a second price list within 48 hours and may sell three-bedroom units by tender, indicating the developer is preparing to respond quickly to demand. About 40 percent of registrants were investors focused on rental potential, suggesting the project is drawing both end-users and investment buyers.