Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum,Cheung Wai Man) MTR West Island Line opening on the 28th of this month,the single-building residential project in the district start to put up for sale.Following the AVA 128 and High West, Upton in 180 Connaught Road West,Sai Ying Pun which developed by Emperor Group yesterday announced the launch of the first batch of 60 units price lists,will be on sale next Tuesday. This batch of units with the usable areas from 524 feet to 1,753 square feet, priced at HKD $1,279 ten million to HKD $5,888 ten million,with the average price per square foot of HKD $27,576,the developers to provide discounts up to 22%,the discounted average price per square foot of HKD $21,510, the discounted price per sq.ft recorded 14% lower than Harbour One.
Emperor International executive director Donald Cheung, yesterday said the group consistent style for both developers and buyers to win, this time with reference to the price of Upton have refer to the price of new properties and quality second-hand properties in the same area,discount up to 78% off.Because urban land is hard to find, the Group's land bank is no more,so this offer is an attractive price, expected future 10-15% increase space. He said it depends on the reaction and then decide whether it will launch out the extra units for sale,not necessarily sold out this year, do not rule out some units for rental reservations. He estimated that the first batch of 60 units worth about HKD $1.35 ten billion,the market value of all 125 unis worth about about HKD $5.2 ten billion.
60 units drawing lots next Monday and put up for sale sale on Tuesday
According to the sale arrangements,the first batch 60 units of this residential project in the draw schedule next Monday for priority of choosing unit,will put up for sale sale on Tuesday,buyers who wanted to buy two units were belong to the first group,have the priority of choosing unit,buyers who wanted to buy a uni belong to the second group.Of which 18 units located in Flat B and C respectively with 1 and 2 bedrooms interval,each buyer can only buy one unit.
Looking to the property market next year, he expected the property market next year will be driven by small and medium sized residential units,relevant units will rise 5 percent, the mansion is still with a low level,it is expected has a 10-20% increase. He added that the market interest-rate worries, but compared to 32 years ago, according to the information of up to 22% in Hong Kong, according to the current interest rate is just one of the very history, even if next year to raise interest rates 1-2%, mortgage burden remains large,it is believed it's not the main reason to affect the market.
In addition, Wing Tai Properties executive director and business development and marketing director Chan Yuk Shing pointed out that a renovation demonstration unit located in Flat B,61/F of Seymour,the West of Mid-Level transacted with the price of HKD $7.42.8 ten million,with the salable area of 1,407 square feet,the price per square foot of HKD $52,771, it is learned the buyers was the owners from the same area.
Heya Star will be announced the price list within this week
As HS (market transactions)general manager Wong Kam Shing said yesterday, Cheung Sha Wan, 'Hong Kong Property for Hong Kong People' project Heya Star will be announced the first price list this week, according to the first-hand new legislation,will provide at least 50 units,including one and two bedroom units, also consider adding three-bedroom units. He refers to the market value of the entire project from HKD $1.2 to HKD $1.3 ten billion,the reference price will be traded in the same district property prices, as well as with the Department of Heya Delight sales.HS Market Services Senior Manager Chou Ming Hei pointed out that does not accept the subscription by the company,the subscription per person to subscribe for one unit only.Two demonstration units of Heya Star will be opened today.There are two blocks of properties, providing 175 units.
K.WAH GROUP will first put up TWIN PEAKS for sale next year
K. Wah International, General Manager (Hong Kong real estate) Wan Wai Ming yesterday pointed out that the residential project in Tseung Kwan O 66D1 officially named 'TWIN PEAKS ',will first put up for sale next year,is now pending sale permit,it is expected will be on sale in the first season of next year.The residential project offers 372 units,with two-bedroom or three-bedroom interval mainly, accounting for about 70% units of the overall project. He added that next year will be launched in the second half of the large-scale projects located in Long Ping Estate, involving more than 900 units,the units mainly with two-bedroom and three-bedrooms interval,As for the Kai Tak project will put up for sale in 2016.
After H．Bonaire in Ap Lei Chau which developed by Henderson Land published the price lists,the news pointed out that it have received 10 votes yesterday,the first batch of 30 units will put up for sale on Sunday.As for Billionnaire-Luxe in Ma Tau Kok,Kowloon City which developed by Chinachem group have announced the sale arrangement yesterday,the first batch 36 units will be on sale on December 14, each person can only enter one vote and each vote can only buy unit.
