（By Liang Yueqin）
As for the third round of 149 units of GRAND AUSTIN in Austin Station developed by Wheelock and New World, the application started yesterday, and source pointed more than 500 cases had been collected. The application will close at 2 pm tomorrow, and draw lots to arrange house selection will be held on same day, while the sales will be on Sunday morning.
To promote the remaining units, The Altitude in Happy Valley updated payment method yesterday which will be launched since next Monday, besides the original payment methods and privileges for early housing, the discount for ad valorem stamp duty will expand to 8.5% from 4.25%, with total discount up to 15.82%, but it only limits to the first 3 buyers, expressed by Wu Meishan, the Marketing Director of Kerry. At the same time, BOC (Bank of China) Hong Kong launches HIBOR mortgage plan firstly in Hong Kong for buyers of The Altitude, who may enjoy HKD fixed time deposit privilege at annual interest rate up to 2.5% for one month if they successfully extract the mortgage amount on or before 31st December and choose specify banking services at the same time, expressed by Wu Aishi, the Personal Financial and Product Management Assistant General Manager and Mortgage and Retail Lending Business Director of BOC (Bank of China) Hong Kong.
She said, The Altitude in Happy Valley still has 9 units left, which may take in HKD 500 million, including 8 standard units in about 1,500 sq ft, 6 among are above 40th floor with curtain wall, and the other 1 is compound apartment with terrace. She disclosed, mainland customers are not many, and most are local buyers, including long term investors. The general rent of the similar style units in the market is HKD 80,000, and some even up to HKD 100,000, she added. Lions Rise in Wong Tai Sin in the same series still has 2 units, at market value of HKD 160 million; The Summa in Sai Ying Pun took in about HKD 2.8 billion, remaining about 21 units, and they announced to prolong the privilege of 3% until 30th September yesterday. She pointed, Kerry will put on sale two luxury projects in Kowloon Tong and Ho Man Tin by ready flat in the third quarter.
Paxton in 313 Prince Edward Road West Ho Man Tin will announce price list at least including 30 units these days, pricing of which will refer to project in same district, and this project supplies 49 units in usable areas from 935 sq ft to 3,694 sq ft, the sale approval of which has received, and more than HKD 2 billion will be took in if all units sold, two third among are four rooms units, so it will attract local house changing customers, with 90% from local by prediction, also the sq ft construction cost of the project is HKD 6,000, making it the most expensive project of the group, EASYKNIT INT'L Executive Director Guan Kexin expressed. At the same time, this project is the first one in Hong Kong who uses Mercedes-Benz world-class high-quality furniture, sofa among is at price of up to HKD 400,000 -HKD 500,000.
