Market Chatter: Vanke Hong Kong Launches Second Price List for Le Mont Project

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Yesterday

China Vanke's (HKG:2202, SHE:000002) Hong Kong unit rolled out the second price list for Phase 1 of its Le Mont project in Tai Po, Hong Kong, The Standard reported Sunday.

The property developer received more than 1,800 orders for its 41 units on offer, making the project about 15 times oversubscribed as of Saturday, the report said.

The units have an average discounted price of HK$11,311 per square foot, or 5.8% higher compared with its first price list, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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