Four luxury residential projects planned for Lai Ping Road in Kau To Shan in New Territories
Construction on La Cresta, Le Cap, La Vetta and St Moritz transforming quiet road that leads up to hilltop
Tseung Kwan O and Pak Shek Kok have been the major sites of new home supply across the vast New Territories East. Near Pak Shek Kok, the new Kau To Shan area, specifically along Lai Ping Road, has emerged as a luxury residential enclave with four projects in the pipeline.
In Lohas Park, Tseung Kwan O, Sun Hung Kai Properties’ Wings at Sea comprises two phases. The first will offer 1,040 units of one- to four-bedroom units. One- and two-bedroom units account for more than 60 per cent of the mix.
The second phase, Wings at Sea II, will offer 1,132 one- to three-bedroom units, from 321 sq ft to 934 sq ft. The development is earmarked for completion by the end of October 2019.
Within two weeks of the launch in October, more than 1,000 units in the first phase had sold, according to Sun Hung Kai Properties. Actual prices, after discounts had been factored in, ranged from about HK$12,800 to more than HK$15,000 per square foot. The developer has put another nine larger premium flats on sale.
Following the successful sale of the first phase, which has nearly sold out, Sun Hung Kai Properties immediately launched Wings at Sea II. The first release included 227 flats, including one-, two- and three-bedroom flats, at HK$15,000 to HK$20,220 per square foot.
