Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum )As the new properties seek for sale,so the developers launched out free of taxes continuously in order to attract buyers.The Visionary of Nan Fung Group in Tung Chung have announced the first price list of 318 units last night,with an average price of $9,686 HKD,after deducting a number of concessions,the discounts up to 20.8%,which means the discounted price of $7,672 er sq.ft,10% to 30% lower than the price of second-hand properties in the same district,the admission fee of 1 bedroom unit after discount,price at $3.318 million HKD,17% lower than the price of one unit of Coastal Skyline which located in the same district.
Nan Fung Development Property Division general manager Chung Chi Lam said the price list of The Visionary which have launched in the first time providing 318 units in total,with an average of HKD$9,686 per practical sq.ft,mainly in two and three bedrooms units ; also provided a small amount of 1 bedroom and 4-bedrooms unit to meet the market demand.The developers provided 3% special discounts,also provided 9% " stamp duty subsidy " discounts.The Visionary also provided 3 king of payment method :the one which selected the installment payment will receive 10% discounts of the price;the one which selected the construction period payment will remain paying the original price;as for the second mortgage payment method will receive 2% discounts of the price.
He pointed out that The Visionary have opened the demonstration units in the past weekend,it attracted over 10,000 people to visit.Due to the fact that Tung Chung is the alignment key development areas of the government,coupled with the Hong Kong-Zhuhai-Macao Bridge was expected to be built in 2016,so he was full of confidence on this project's sale.
One-Bedroom unit in an admission fee of $3.31 million HKD
The price list shown that the units of the first price list are located in Tower 2,5,7,8,9 and 10,with saleable area from 434 feet to 1,420 feet,without counting the preferential price,priced at $4.19 million to $1.60 ten million HKD.Of which,the most cheapest admission fee unit was a one-bedroom unit,located in Flat F,3/F,Tower 10,salable area of 434 feet,discounted price of $3.318 million HKD,$7,646 HKD per sq.ft.
It is understood that the second-hand price in Tung Chung district ranging from $ 8,000 to $ 11,000 HKD in recent,as the most newest property was le bleu deux,and the second-hand price pf about $11,000 per sq.ft. By this calculation,the average discounted price per sq.ft of The Visionary was 30% lower than le bleu deux,also 10% lower than the second-hand price of Caribbean Coast and Seaview Crescent.Although the admission fee of The Visionary is low,but it is expected the future rental price can reach $30 per sq.ft,rental yields up to 4 to 4.5 %,higher than the 3 to 4% return of the secondary property price in the same district.
The Hemispheres in North Point sold 2 units yesterday
As for the other new properties,SHKP The Hemispheres in North Point sold 2 units yesterday,the transaction units located in Flat B,7/F and 9/F,both of the units are one-bedroom unit,after 20% discounts,priced at $5.54 million and $5.67 million HKD respectively,the buyers were living in the same district,this property have tired sold 45 units in total.In addition,Hutchison Whampoa Limited have announced will first launch No.8 house (with No.16 and 17 parking space)which located No.28 Barker Road,The Peak on last Saturday,with saleable area of 6,863 feet,1,992 feet of garden area,the price of $7.4 billion HKD,$107,800 per real sq.ft.
