ST. GEORGE'S MANSIONS, a development jointly undertaken by Sun Hung Kai Properties (00083.HK) and CLP Holdings (00002.HK) located at Kadoorie Hill in Ho Man Tin, sold unit 1C on the first floor of Block 2 today (August 28). The saleable area is 764 square feet, with a transaction price of HKD 22.47 million, or approximately HKD 29,411 per square foot, marking the fourth transaction this month.
Many buyers of the project are large families making bulk purchases, while others include investors optimistic about the rental yields in Kadoorie Hill. According to market sources, the average monthly rent for standard units is around HKD 85 per square foot, with some reaching as high as HKD 93. To date, a total of 147 units have been sold, accounting for nearly 85% of all available units, generating proceeds of close to HKD 11.3 billion.
