( By Yan Lunle, Huang Jiaming)
The Austin in Austin Station developed by Wheelock and New World announced to sell house in 20% discount days before, plus with its price cheaper than any second hand property in the district, more than 450 applications received according to market source, Developer immediately additional launched 70 units yesterday at average sq ft price of HKD 24,149 seeing the reaction was good, but it is still higher 5.6% than first batch after 2% of discount, with lowest cost at HKD 7.29 million according to the privilege in the latest price list.
The average sq ft price is HKD 24,149.
Wheelock spokesman did not respond yesterday if there will be mark up in the second batch. The latest batch of houses are located in 1st-29th floor of building 3, 3A, 5 and 5A, according to the price list. The usable areas are from 418 sq ft to 1,002 sq ft, with the sq ft prices between HKD 20,934 and HKD 27,514, and the average sq ft price is HKD 24,149. The special discount before the cut, which was 2% for buyer who signs temporary agreement before the end of next month, and the highest discount were adjusted respectively from 19.5% to 20.5% and from 17.5% to 18.5%.
They are from HKD 8.839 million to HKD 27.16 million for the latest launched houses. After discount, room B in 1st floor of building 3A of which the area is 418 sq ft is the cheapest at price of HKD 7,292,175. Including units in the first price list, The Austin has launched 186 houses. As for other new projects, Marinella in Aberdeen announced to open at 11:00 am on next Monday by first arrive first served.
Regent Hill adds commission to 8.5%, source told.
Other new projects also take actions. Victory Success Properties Limited's Regent Hill in Happy Valley will be opened on Saturday with tax privilege, but market focus to other new projects. Market source told developer adds 5% more commission to any agency who sells house among the first batch of 15 units, besides the original 3.5% commission and HKD 30,000 cash prize.
Sino spokesman expressed, room A Seaview mansion in 9th floor of building 3 in The Graces Providence Bay in Tai Po, with usable area in 2,251 sq ft, was sold at HKD 46.702 million at sq ft price of HKD 20,747 after 6% of discount, both being the highest of the project. All Seaview mansions on the price list sold. The Graces has sold 48 units taking more than HKD 1 billion in, with each unit in average price of more than HKD 22 million and the average sq ft price is about HKD 15,000.
On the other side, Wing Tai Properties Limited's The Warren in Tai Hang will be put on sale at tomorrow noon. Chen Yucheng, the Sales and Marketing Executive Director of the company, expressed will not offer any tax privilege for The Warren except current 100% return of ad valorem stamp duty, and he emphasized not worrying The Austin may grab the customers because the location and purchasers are different, believing there will be more buyers attracted if many new projects on sale in the market in same time. About commission for agency, developer would encourage agents to active on promotion by progressive form, and pointed currently up to 1,500 representatives have visited.
Feature unit of The Warren is in sq ft price of HKD 46,776.
In addition, developer introduced the feature unit room B in 35th top floor which is the only one has inside stair through to the terrace yesterday. This unit named Warren Eiffel Suite, in area of 760 sq ft joining 191 sq ft of terrace and in hotel design of 2 rooms 1 suite, is at price of HKD 35.55 million with sq ft price of HKD 46,776, being predicted to be the highest in the district.
Sun Hung Kai finished the third register yesterday of the additional launched 35 units of The Cullinan in Kowloon Station who was the first to return tax cost. The draw lots is held today and the house selection will be on tomorrow with average sq ft price at about HKD 32,800 increasing again by about 3%. 28 units among limited to Hong Kong people buy Hong Kong property. The applications are nearly 600 cases which are less than before and no exclude that the purchasing power was grabbed by THE AUSTIN; New project's promotion leading the selling of foreclosed house room E in high floor of The Cullinan Star Sky Share, which is in 828 sq ft and sold at about HKD 22.3 million with sq ft price at HKD 26,932, lower about 10% than market price.
