( Journalist Liang Yueqin) Following the hot of first hand property in April, new real estates enter the market in May. Eugene Terrace in Ho Man Tin, the price list of which was announced by Guangwan Investment two years ago, re-uploaded its brochure yesterday, and 12 units from it will be relaunched next week, expressed by Guangwan Investment Project Manager Lin Yigeng yesterday. Eugene Terrace will publish the prices of these 12 units base on adjustment in 5%-10% by up or down. The first batch of My Place in To Kwa Wan built by China Overseas Land & Investment and URA (Urban Renewal Authority) is 164 units including additional launched houses. Registrations up to 4300 until last night, over fulfill the quota by 25 times. This project will close the registration today, make draw lot tomorrow and do house selection on Sunday.
Lin Yigeng expressed, they have once launched Eugene Terrace in 2013 but took it over few months after because of the market situation affected by the Residential Properties(First-hand) Sales Ordinance at that time. He said, the average cover area sq ft price of Eugene Terrace two years ago was about HKD 27,000, while the cover area sq ft price of standard apartment of 8 LaSalle in same district recently is about HKD 23,000 to HKD 27,000, and ready flats will open to visitors with appointment from this date. He predicted, the market value of these 12 units will be about HKD 400 million to HKD 500 million.
Data showed, Eugene Terrace in number 2A Earl St of Ho Man Tin supplies 13 floor style apartments and 1 compound apartment, which are mostly 3 rooms or 4 rooms in area from 982 sq ft to 1,986 sq ft.
Phoenix Property Investors put on sale 17 units of 3 Julia Avenue in Ho Man Tin last night, which have layouts of A to C in areas from 655 sq ft to 1,094 sq ft. Source pointed, 2 sold.
The luxury property trading is still active.
In fact, the luxury property trading is still active. Henderson and so on put on sale number 18 building of Double Cove Starview in Ma On Shan by bidding, which has under ground area and compound layout in first floor. They announced it was sold at HKD 42.6 million with sq ft price at HKD 16,179 under usable area of 2,633 sq ft. Swire Properties' Arezzo in Seymour Road sold 2 units yesterday, which are room A in 29th floor at HKD 40.311 million and room A in 39th floor at HKD 44.524 million. Swire Properties' Mount Parker Residences in Quarry Bay also sold its room C in 13th floor at HKD 32.421 million. Besides, MacPherson Residence in Mong Kok, Lanshan in Tai Po and The Golden Gate each sold 1 unit.
