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17 Jun 2021

Swire Properties Sells Another Distinctive Three-Bedroom Unit at EIGHT STAR STREET by Tender

Swire Properties today announced that it has successfully sold, by tender, unit 20A at EIGHT STAR STREET, the Company’s new upscale residential development in the Starstreet Precinct.

 

Unit 20A, a distinctive three-bedroom apartment occupying a whole floor and with a saleable area of 913 sq ft, was sold for HK$48,500,000, or HK$53,122 per sq ft. The guide price for the unit was HK$43,688,000, or HK$47,851 per sq ft.

 

EIGHT STAR STREET offers a total of 18 layouts, including a collection of six distinctive three-bedroom units of which unit 20A is the fourth and latest sold. These four three-bedroom units have all been sold at exemplary price levels, reflecting the exceptional design and location of the development. Only two three-bedroom units remain to be released for sale.

 

To date, a total of 21 units at EIGHT STAR STREET have been sold, representing 57% of the total number of units in the development, generating proceeds exceeding HK$486 million. 

 

“The sale of unit 20A at a transacted price 11% higher than the guide price speaks to the fact that the uniqueness and quality of both the units and the development itself are attracting keen interest in the market. Encouraged by the overwhelming response for EIGHT STAR STREET, we are very confident the remaining units in the development will also be highly sought-after among future buyers,” said Adrian To, Director, Residential at Swire Properties.

 

EIGHT STAR STREET is an upscale 24-storey residential development, offering a total of 37 flats, ranging from one- to three-bedroom apartments with saleable areas of 431 sq ft to 1,198 sq ft. The development was recently topped out, with construction progressing well towards completion in 2022.

 

Swire Properties has updated the price list for the development, offering a special discount of 3% on the list price for 12 available units from 2/F to 17/F until 30 June 2021.

 

The revised price list and details of the sale arrangements are available at www.eightstarstreet.hk. The Eight Star Street Gallery on 37/F of One Island East in Quarry Bay is also open for viewing; appointments can be made online at the EIGHT STAR STREET website.

 

For sales enquiries, please call (852) 2922 4888 or email sales@swireproperties.com.