Koko Hills: Wheelock prices Kowloon East project at a premium, bets on national security law to boost market
- The first batch of 83 flats could go on sale as early as next week, with prices starting at HK$19,264 (US$2,485) per square foot
- Massive investor interest in project, says Wheelock managing director Ricky Wong
The developer is expected to launch the first batch of 83 flats at Koko Hills in Kowloon East as early as next week, with prices starting at HK$19,264 (US$2,485) per square foot. It is likely to be the first project to go on sale after the new law was introduced on Tuesday.
“We’re seeing an enthusiastic response to Koko Hills, with more than 4,000 inquires in the last couple of days already,” said Ricky Wong Kwong-yiu, managing director of Wheelock Properties. “The impact of the pandemic has eased, and we expect the housing market to be boosted in the second half.”
He added that “the national security law can stabilise society and create a better business environment”.
Units at Koko Hills are priced nearly 30 per cent higher than the average price of lived-in homes at the nearby Sceneway Garden, according to data from Centaline Property Agency.