Property News · October 13, 2016

Wheelock Properties launches initial batch of flats in Tuen Mun project at close to development cost


Wheelock Properties has released its new project Napa in Tuen Mun at a price close to development cost, amid intense competition in the New Territories where a large number of new flats are under development.
The developer on Thursday announced the price list for the first batch of 92 units at an average of HK$10,438 per square foot, after factoring a maximum discount of 18.5 per cent.
“This price is close to our development cost as the construction cost is nearly HK$5,000 per square foot…

Source : South China Morning Post
Read more…Wheelock Properties launches initial batch of flats in Tuen Mun project at close to development cost