24 September 2014 - Swire Properties (1972) sold out the first batch of 50 units at its Mid-Levels West development “Arezzo” within 3 hours yesterday, generating a total revenue of HK$1.23 billion. Real estate agents said that about 60% of buyers were investors, the rest were upgraders, mostly residents of Hong Kong Island looking to sell their current flats and buy a better one.
Rental yields are expected to reach 3.5% on average and the developer will launch a further batch of units in due course. There are no car parking spaces provided at the property.
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