Hong Kong developer Lai Sun prices The Parkland in Yuen Long at 10-year low to lure buyers
The first batch of 50 units at The Parkland in Yuen Long has an average price of HK$9,278 per square foot
The Parkland, located at 266 Tai Kei Leng in Yuen Long, is a 12-storey building with 112 units. Lai Sun on Thursday released the price list of the first batch of 50 units, which cost an average of HK$9,278 (US$1,190) per square foot. The project is expected to go on sale next week.
The price is 5.3 per cent lower than the average cost of HK$9,807 per square foot for the initial batch of The Parkhill. The project, developed by New World Development, was launched in 2015.
Units in The Parkland range from 265 sq ft to 488 sq ft, with the batch including 40 one-bedroom and 10 two-bedroom flats. The discounted selling price ranges from HK$2.43 million to HK$4.63 million, or HK$8,614 to HK$10,663 per square foot.
All 40 one-bedroom units are priced under HK$3 million.
The cheapest flat is a 282 sq ft one-bedroom unit, priced at HK$2.43 million. It nearly matches the least expensive unit in Domus, developed by Paliburg Holdings in New Territories’ Hung Shui Kiu area in 2015, at HK$2.39 million.
