Date
23 September 2017
All of the 953 flats at Parc City in Tsuen Wan were sold in just two days for about HK$9 billion. Photo: HKEJ
All of the 953 flats at Parc City in Tsuen Wan were sold in just two days for about HK$9 billion. Photo: HKEJ

1,300 home seekers scramble for four flats at Parc City

Despite the slim odds, about 1,300 home seekers sought to buy four available units at Parc City in Tsuen Wan, forming a long queue outside the sales office at Nina Tower as early as 9 a.m. on Tuesday, the Hong Kong Economic Journal reports.

The four flats at the new residential project, near Tsuen Wan West MTR station, were offered for resale by developer Chinachem group, after their original buyers forfeited their deposits. The units have sizes ranging from 427 to 850 square feet.

The units were offered for resale at their original prices. The 427 sq. ft. unit, with two bedrooms, was sold for around HK$6.21 million, while the three other units were sold above HK$9.67 million.

A Midland Realty agent said around 90 percent of the home seekers were after the lowest-priced unit.

According to media reports, Chinachem had sold all of the 953 flats at Parc City in just two days for around HK$9 billion.

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