Due to the fact that the sales was unsatisfactory and expanded the cash discount to 15%
Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum)Facing the spicy strokes,residential units which cost more than a ten million dollars suffered the hardest hit,coupled with the economy of mainland have slowed down,the U.S. interest rate rises have negative factors such as stress,Harbour-Pinnacle in Tsim Sha Tsui which put up for sale with a high prices last week have an unsatisfactory situation.Yesterday afternoon,the developers Lee Shau Kee have decided to expand the cash discount to 15%,which have 10% discount in disguise on sale.The market passing the news of it have sold 4 units last night,there is a customer to spend more than HKD $3.0 ten million to buy two units. In addition the Altitude in Happy Valley also added HKD $500,000 Furniture concessions for six units in order to attract tenants.City Point in Tsuen Wan which planned to put up for sale within this month have launched with a flexible second mortgage,the mortgagee prices of 10-30%,the whole period of low interest rates have had the opportunity to P,will provide interbank,as for Eivissa Crest in the Hill Road of the Western will distribute the sale broche as soon as possible.
Sources,serviced apartments Harbour-Pinnacle in Tsim Sha Tsui which held by Lee Shau Kee sold only two units since the sale have put up last week,the developers yesterday afternoon to inform real estate agents to recover the original price list and then launch a new price list,including 20/F,21/F and 27th floor respectively.The prices of the the price list was of similar with the first batch of units,including 60 days of payment concessions from 7% to 6%,on May 31 the market 's cash discount expanded from 4% to 15% ,plus the original 3.75 % stamp duty concessions,discounts totaling 24.75 %,compared to the previous total discount of 14.75%,have 10% discount promotion in disguise.City pass the news of it have sold four units last night,including Flat F of 26/F,Flat F of 27/F,Flat B of 27/F and Flat G of 36/F,discounted price of about HKD $1.5 ten million to HKD $1.8 ten million,there are a buyer has spent more than HKD $3.0 ten million to buy units located in Flat F of 27/F anf 26/F,respectively a total of two units.
The Altitude added HKD $500,000 of furniture concessions
The Altitude by Kerry in Happy Valley's latest price list updated yesterday,adding a new discount promotions.Planning Director of Kerry property agent market Ng Mei Shan refers to there are still 10 units of Altitude available for sale, including a duplex households,except for Flat D of 40/F,Flat A of 39/F with demonstration units,Flat D of 33/F with tenancy and duplex households totaling 4 units,the other six units will join HKD $500,000 standard household furniture preferential absorption of tenants.Do not use receive rebates of HKD $500,000, other discount remained unchanged up to 12.25%.She refers to the Altitude sold a total of 116 units so far,cashed in about HKD $4.5 billion and the remaining 10 units market value of about HKD $6.00 billion,Kerry has sold 138 units this year and cashed in HKD $2.8 ten billion.
She said there are three projects will put up for sale by the Group during the year,including No.1 and No.3 Ede Road,Kowloon Tong(41 units ),La Salle Road (56 units)and Kau To Shan (of 973 units),total 1,070 units.Of which Ede Road project which has taken occupation permit is expected to be sold in the early third season,La Salle Road Ede Road project will immediately be sold in form of existing buildings,Kau To Shan Building project will be put up for sale now.
City Point launched out the flexible second mortgage
City Point in Tsuen Wan was planned to be launch the sale in May,Cheung Kong Real Estate Investment Director Kwok Tsz Wai said that the group will launch a flexible second mortgage,the mortgage was 10-30% of the property prices,the whole period of low interest rates have had the opportunity to P (P 5.5%),offered will be provided.
Cheung Kong Group senior sales manager Fung Hoi Lun refers to the project mainly sell 3 to 4 -bedroom units,of which units with three-bedrooms interval accounted for nearly half of the overall housing households,approximately 798 units,with salable area of 566 to 768 feet,as for 4 bedroom units accounted for approximately 20% of approximately 322 units,with a salable area of 849 to 914 feet,the remaining two-bedroom units have 542 units,with a salable area of 482 to 502 feet.
Eivissa Crest will open the demonstration units tomorrow
As for Eivissa Crest in Hill Road of The Western will open the demonstration units which located in Elizabeth House to the public tomorrow,the developer Far East Consortium will be open the demonstration units today to the media and real estate agents to visit,the company's Marketing Director Fong Chun said Eivissa Crest will put up for sale in May,and will be sent he sale brochures as soon as possible.This project has 106 units,including 52 units with open interval (salable area of 302 to 306 feet),52 units with one-bedroom interval (292-389 feet) and even two podium garden households located in the top floor(1,033 feet even platform 325 feet,1,049 feet even platform 490 feet),it is expected the occupation by the end of next year.
As for the other new property,The Avenue in Wan Chai sold one unit.
