What can you buy for $1.5 mil in the prime districts?

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Homebuyers seeking a property in the prime districts may want to zoom in on EdgeProp’s list of 22 projects. The list was compiled following the EdgeProp-Knight Frank Homebuyers’ Sentiment Survey, where potential homebuyers showed a preference for condominiums in the prime districts. A large proportion of them also indicated a preference for properties priced below $1.5 million; URA caveat data seems to bear this out. Out of a total of 10,893 transactions for private, non-landed residential properties in 2H2017, most of them, 38.8% to be exact, fell in the $1 million-to-$1.5 million price bracket, according to data as at Jan 22 (see table).
Source: URA caveat data as at Jan 22, EdgeProp
While most people may think that only shoebox units would be available at this price point, several developments had units larger than 800 sq ft that went for less than $1.5 million in 2H2017. At Hillcrest Arcadia, located off Adam Road, there were eight transactions below $1.5 million in 2H2017. The largest were the three-bedroom 1,711 sq ft units. Two of them were sold at $1.35 million ($789 psf) and a third at $1.5 million ($876 psf). In the same period, the smallest unit transacted was a 581 sq ft that went for $560,088 ($964 psf). The 272-unit Hillcrest Arcadia is a 99-year leasehold project that was completed in 1980.
Also located near Adam Road is the freehold 19 Shelford Road, where three two-bedroom units of about 900 sq ft were sold at $1.38 million ($1,508 psf) to $1.41 million ($1,486 psf) in 2H2017. Two 732 sq ft units sold for $950,000 ($1,298 psf) and $1 million ($1,366 psf). The smallest transaction was the sale of a 635 sq ft one-bedder at $920,000 ($1,449 psf). The condo was completed in 1997.
Located across...