Nueva promoción丨Alta Lam en 31,63 millones, venta de dos unidades

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Capital Strategy (00497) Kowloon Novotel Hotel Rebuilding Project at 350 Nathan Road, Jordan, has reached full occupancy. Today, two three-bedroom units and one suite were sold through tender, totaling HKD 31.636 million, leaving only one standard unit and a sky terrace luxury unit remaining in the entire project.

The two units sold today are both practical area of 624 sq. ft., comprising three bedrooms and one suite. Unit D on 16th floor, Block A1, was sold for HKD 16.206 million, with an approximate price of HKD 25,971 per sq. ft. The other unit, Unit D on 12th floor, Block A1, was sold for HKD 15.43 million, with an approximate price of HKD 24,728 per sq. ft.

Capital Strategy Property Executive Director Ho Lok-fai stated that within a week, five transactions have been recorded for Kowloon Novotel, with prices also appearing quite favorable, reflecting strong market demand. The project is nearly sold out, with only the last remaining standard unit and the sky terrace luxury residence left. The “Seaside Sky Terrace” located on 31st floor, Unit A in Block A2, is a four-bedroom and two-bedroom large residence, including a 386 sq. ft. private rooftop terrace, which is expected to set a new high for the project.

Since its launch, Kowloon Novotel has sold 257 units, accounting for over 99% of the total units, with a total cash-in of over HKD 2.45 billion.

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