18th March 2023 – (Hong Kong) IIn recent months, the primary property market has witnessed a remarkable upswing in activity, with several new developments releasing their price lists and showcasing their model units to entice the attention of the wealthy. On Wednesday of this week, the joint project between Chinachem and MTR Corporation Limited, the ‘In One in Ho Man Tin’, unveiled its first price list and opened its model units to the public. The project drew the attention of a wealthy young individual accompanied by two foreign bodyguards, who visited the sales office yesterday.
The man who is believed to be belonging to the affluent second generation, was witnessed donning a cheesy white Versace jacket and trousers, alongside an Hermès belt. Despite the saying that money cannot buy taste, the individual’s entire outfit is valued at over HK$100,000. Furthermore, the individual was accompanied by two foreign bodyguards, towering over him in height.
The first price list for homes at In One in Ho Man Tin has been revealed, featuring 50 flats from Phase 1B, with an average price of HK$24,838 per square foot, which is less expensive than nearby projects.
In One is being developed by Chinachem and MTR Corporation (0066) atop Ho Man Tin MTR station.
The 50 flats cost between HK$7.87 million and HK$26.08 million after discounts and comprise 6 one-bedroom, 33 two-bedroom, and 11 three-bedroom units, with areas ranging from 336 to 941 sq ft.
After discounts, the cheapest one-bedroom unit costs HK$7.87 million, the cheapest two-bedroom is HK$10.42 million, and the cheapest three-bedroom unit is HK$20.95 million.
Sammy Po Siu-ming, the chief executive of Midland’s residential division, stated that the prices are 20 percent lower than those of second-hand homes in the area and would be attractive to many homebuyers. He anticipates that In One will be the bestseller among new projects this year, although he warns that prices for upcoming batches may increase.
