Kong Wen Wei Po News (By Leong Yuet Kam)
New projects competitively to put on sale houses. Cheung Kong Stars By The Harbour in Hung Hom will put on sale the first batch 81 units on this Friday. Source pointed, 431 registrations had been collected, exceeding 4.3 times than the quota. There is market rumors that local family negotiates to buy full block 3 or block 5 of this project, which in floor area of about 100 thousand sq ft and relates to more than HKD 2 billion, while Cheung Kong Investment Director Kwok Chi Wai yesterday pointed they have no comment at present but not exclude to sell full block as developer if the price is good. Besides, Henderson's Double Cove Starview in Ma On Shan yesterday published to sell 50 units first at next Friday night, and New World puts on sale all 8 villas in Hung Shui Kiu The Woodside, while Swire Properties plans to launch Lantau Island WHITESANDS independent house project under ready flat style in September or October.
Kwok Chi Wai : Mark up of additional launched houses estimated to be 5%.
This project closed registration today and will put on sale first batch 81 units on Friday, price list of which was published at last night, and they are confident of the sales because some potential buyers registered to buy three units in one floor or 2 units at one time, while the pending 39 units will be put on sale on this Saturday, then they may have chance to sell additional launched units next week, mark up of which estimated to be 5% with high floor units may have mark up above 5%, Kwok Chi Wai said. Since market funds is abundant and RMB devaluation, so it is not exclude that mainland funds may flow to dollar area, while Hong Kong dollar pegged to the dollar, thus Hong Kong luxury property is benefited, he added.
Yesterday noon, legislative council members Tse Wai Chun and Pak Wan Kam visited Stars By The Harbour sales office. It is expensive and not decide to buy or not, but just take a look first, Tse Wai Chun expressed. Current property price is high, plus with interest may rise in future, so he is down on property market trend and buyers need to be more careful, he believed. House purchasing is profitable, ' to buy according to personal ability', and the 2 one room units in THE AUSTIN she bought in early were just rented out at each monthly about HKD 20 thousand to HKD 21 thousand, Pak Wan Kam expressed.
Double Cove Grandview will put on sale 50 units on next Friday.
For other new project, Ma On Shan Double Cove Grandview published first batch 95 units price list on last Friday, and they announced yesterday to sell 50 units first, registration of which will start from today until next Thursday, then on next Thursday draw lots will be hold, later at next Friday night sales will start, while each people only can register one time less than 2 units. Henderson General Manager of Sales Department One Lam Tat Man pointed yesterday, this project may rise price. As for same series Parker, about 300 registrations had been collected until last night exceeding 3 times than the quota.
Yesterday, New World put on sale all 8 villas in Hung Shui Kiu The Woodside at prices from HKD 16.68 million to HKD 20.92 million with sq ft price above HKD 10 thousand, and developer provides discounts up to 8% also gives 70% ad valorem stamp duty as gift. In addition, registration for the last 10 units of Paliburg and Regal Hotels' Rainbow Lodge in Yuen Long will be at 9 am to 10 am this Saturday morning, and draw lots for order and house selection will start soon after.
Swire Properties Lantau Island villa may be put on sale under bidding.
Lantau Island WHITESANDS independent house project has received the occupation certificate while lack of certificate of compliance, and now they are decorating No.15 and No27 into sample unit, later they will put on sale these units as ready house in September or October but sale way in bidding or price list is still under research, besides pricing will refer to independent house sale prices in different district, Swire Properties residential business director Tao Wai Yip expressed yesterday. The project supplies 28 independent villas in usable area from 1,954 sq ft to 2,598 sq ft, with all have front and back garden and garage, No.1, 9 and 20 among have swimming pool.
