Government speed the approving of sale license and developers also competing launch new projects to grab customers. There at least 4 new projects which are The Reach in Yuen Long , One West Kowloon in Cheung Sha Wan, OCEAN ONE in Yau Tong and Yumen．Qian in Kowloon City including 3,000 units launched at the end of this month. The Reach in Yuen Long which offer price next weekend at the soonest at least first launch 100 units.
The Reach at least first launch 100 units
Henderson Land sales department general manager Lin Da-min said yesterday, The Reach in Tai Tong Road of Yuen Long cooperation developed with New World will launch building 7, 8, and 9 which in eastward and southward. Tn first batch of this project at least include 100 units. The top floor joined terrace swimming pool house in room A, 28th floor of building 7 of the project in cover area 1,770 sq ft connected with 214 sq ft platform garden and 1,040 sq ft top floor terrace is 3 rooms double suites unit. It has 3 units for this type and still no intention price published in temporary and there no exclusion that the first batch may include this type units.
He added, The Reach will hold road shows for 4 weeks in succession from yesterday. And will hold road shows in 6 other cities in mainland from next Monday to 7th next month. It is estimated that the ratio of the mainland buyers of The Reach will take about 5% to 6%. Double cove of Ma On Shan in same series addition launched 2 units yesterday at average sq ft HKD9.900.
Ocean One admission sq ft price predicted nearly HKD10,000
In addition, Lai Sun' single new project Ocean One located in No.4, Sung Shun Street of Yau Tong just get the presale license. This project supply 124 units. The floor units in cover area from 692 sq ft to 1,023 sq ft and also has platform connected feature units at estimated admission sq ft price HKD9,000 to HKD10,000. As for Chinachem' 御門．前 in Tsin Long Road, Kowloon City, Kowloon, it plan to publish the sale deployment next Thursday.
Kadoorie Hill launched 2 rooms at sq ft price HKD18,000
Wheelock' Kadoorie Hill in Ho Man Tin first launched 3 units in 2 rooms layout yesterday. They are located in room B, 8th-10th floor in cover area 805 sq ft at sale price from HKD14.2 million to HKD14.48 million and the sq ft price from HKD17,640 to HKD17,988. Room A, 17th floor of Cheung kong' Kennedy Park at Central in Kennedy Road of Midlevels Central just sold out at HKD83,657,000. The cover area of it is 2,478 sq ft and its sq ft price at HKD33,760. Providence Peak in Tai Po and New World's The Riverpark in Sha Tin each sold 4 units.
Kowloon Dev. city service and general manager of the sales department Yang Cong-Yong said, high feature units' floor in Cadogan of Sai Wan call for sq ft price HKD30,000. This project will decrease the cash payment discount from 5% to 4% in the end of this month. Same series project Gardenia in Sham Shui Po still left 6 units in extremely high floor and 2 platform included feature units at intention sq ft price HKD11,000 to HKD12,000. Residential project in Fuk Chak St of Tai Kok Tsui plan to be launched between November and December including 100 units at intention sq ft price will above HKD10,000.
