Vanke's Le Mont Draws 1,800 Checks, 21x Oversubscribed

Vanke Hong Kong’s residential project Le Mont in Tai Po has seen strong demand since its first price list was announced last Thursday (March 6). As of Saturday (March 8) at 8 PM, over 7,000 people had visited the showroom and model units, with more than 1,800 registrations received—oversubscribed by approximately 21 times. The developer is considering releasing additional units soon.

The first batch includes 81 units, ranging from studio apartments to four-bedroom layouts, with prices starting at HK$2.38 million for studio units, equivalent to HK$9,193 per square foot. Notably, a special "1 Family, 1 Payment" plan offers discounts for buyers purchasing three- or four-bedroom units alongside studio units. Under this plan, buyers can receive up to HK$1.4–1.5 million in discounts, bringing the average price of the cheapest studio units to as low as HK$880,000.

The average discounted price for the first batch is HK$11,036 per square foot, or HK$10,688 per square foot when factoring in the "1 Family, 1 Payment" discounts. This price point marks the lowest per-square-foot price for a new project in the area since 2014’s Mont Vert Phase 2, which had an average discounted price of HK$8,667 per square foot.

Compared to nearby developments, Le Mont offers more competitive pricing. For instance, University Hill in Pak Shek Kok, launched in April 2024, had a starting price of HK$4.372 million and an average discounted price of HK$16,288 per square foot, while Silicon Hill in 2020 had an starting price of HK$5.492 million and an average discounted price of HK$17,498 per square foot.

Phase one of Le Mont includes 403 units, with floor plans offering up to 26 units per floor and sizes ranging from 214 to 961 square feet. These include studios, one- to four-bedroom units, and 29 rooftop or terrace units.

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