（By Liang Yueqin）
Developers against strict measures by tax privilege gained good result. Henderson's 39 Conduit Road in Midlevels West relaunched 8 units last night, market source told 3 among sold, which are room 8A, 15B and 32B at discounted prices from HKD 61.85 million to HKD 108 million under the most discount of 21.5% for Hong Kong private name buyer, with the usable area sq ft prices from HKD 28,200 to HKD 43,600, taking in about HKD 235.7 million.
Source told, if under the most discount of 21.5% for Hong Kong private name buyer, room 8A in usable area of 2,192 sq ft sold at discounted price of HKD 61.85 million with usable area sq ft price at HKD 28,200; Room 15B in usable area of 2,123 sq ft sold at discounted price of HKD 65.87 million with usable area sq ft price at HKD 31,000; Room 32B in usable area of 2,476 sq ft sold at discounted price of HKD 108 million with usable area sq ft price at HKD 43,600.
Hong Kong buyers enjoy the most discount of 21.5%.
Lin Damin expressed, there had transactions among the 8 units that 39 Conduit Road firstly launched, and some buyers were interested in decorated sample flats, so they may choose some decorated units later. 9 among the 30 units in 39 Conduit Road's first price list are decorated in value of about HKD 4,000 to HKD 5,000 for each sq ft, thereinto, 27B which opened to media yesterday is in usable area of 2,476 sq ft, and in 4 rooms double suite joining with working room and store room, with decoration fee at HKD 10.4 million. As for if or not to mark up, he said it depends on market reaction, and do not consider it is a competition that supplying tax privilege. He pointed, there are also mainland customers interested in 39 Conduit Road, but not many.
About new projects in same series, Lin said Double Cove Starview developed with New World and etc. in Ma On Shan is still waiting for the approval, which may be gained within this month, and they will immediately put on sale it when the approval received. The Reach in Yuen Long which will be occupied next January planed to open the club first before Chinese New Year, and this project has sold nearly 2,000 units, with about 600 units left currently.
The new sq ft price of unit in Gramercy is HKD 44,000.
Phoenix Property's Gramercy in 38 Caine Road announced the first price list for 8 units yesterday at average usable area sq ft price of HKD 44,582, and supplied privileges of giving 8.5% of DSD as gift, 5.5% of the deal price extra cash return if sign temporary contract before December 20th, 6% discount for 90 days payment, in total of 20% discount to attract investors and house changing customers, with discounted average sq ft price at HKD 35,665. The usable areas of these units are from 1,047 sq ft to 1,953 sq ft, with discounted sale price from HKD 33.504 million to HKD 820.32 million, room A in 30th floor, room b in 30th floor and 33rd floor among are on sale with free decoration and furniture, and the sale will be on next Tuesday by first arrive first served. Gramercy has 106 units, 98 among were sold in one day when they were put on sale in the end of September 2010.
As for The Visionary in Tung Chung who put on sale the second round of 768 units today, Cai Hongxing, the managing director of developer Nan Fung, expressed they are confident of the second additional launch, and believed the project can sell out all the units before occupation, while they supply more than 700 units is not because of the worry of plenty supply in future but to provide more choices to buyers. He pointed the project can take in more than HKD 10 billion, and they do not have any plan for the next project yet.
The application for the first 20 units of New World's EIGHT SOUTH LANE in Sai Wan which will be put on sale this morning was closed yesterday 4 pm. Source told 50 cases received, exceeding 1.5 times than the quota.
Nearly 30% of the customers in The Avenue bought for renting.
Tian Zhaoyuan, the sale department associate director of Sino, expressed the fourth batch 200 units of The Avenue are all room A in building 1 with mostly in high floor, the king house " The Avenue Kuibao" which is a 3 rooms unit among is in usable area of 911 sq ft with layout of 3 rooms 1 suite, and these units will be closed in next Monday afternoon and being put on sale on next Tuesday morning. He said, the first 3 batches of 660 units in The Avenue all had been sold, with nearly 30% of buyers are longterm investors aim to renting; About 98% of purchasers were bought by private name while about 2% of them used company name; More than 90% of customers chose cash payment in 180 days, enjoying 17.5% discount which is the highest.
According to Sales of First-hand Residential Properties Electronic Platform (“SRPE”), developer of The Austin in Austin Station informed Sales of First-hand Residential Properties Authority yesterday that they had sold out all the units on the document before November 22nd. Eugene Terrace in Kowloon Tong is closed since the day before yesterday.
According to the data, the project launched all 14 units in the middle of September at average sq ft price of HKD 29,654, but it was not good although they added tax privilege later.
