The Consonance rises 3% and MAYFAIR by the sea 8 rise by 2% up.
(By Liang Yueqin, Li Zitian)
Hong Kong stocks rush to 30,000 points, and the first hand property market also continues hot, which drove the commission income of Centaline to a new high last month, so developers take the advantage to additional launch by mark up. The application for the first batch of 72 houses from The Consonance in North Point closed yesterday. Source pointed, more than 400 applications were collected, a 4.6 times of oversubscription. Developer of this project additional launched 22 houses with mark up of about 3% last night, before the sales of the first batch including 72 houses this night. In addition, The ADD1+1ON in Cheung Sha Wan plans to additional launch houses with mark up today, which will be put on sale at the beginning of next week. As for MAYFAIR by the sea 8 in Pak Shek Kok, Tai Po, it additional launched 53 houses by mark up of 2% to 2.5% yesterday.
Henderson chairman Lee Shau Kee’s privately owned property The Consonance in North Point additional launched 22 houses last night, including 17 one-bedroom and 5 open style flats in areas of 200-277 sq ft, and the sale prices are from HKD 5.958 million to HKD 8.508 million, with the average sq ft price at HKD 29,571, while the discounted prices are HKD 5.6 million to HKD 7.997 million with the discounted average sq ft price at HKD 27,796 after the highest discount of 6%.
The ADD1+1ON will additional launch with mark up today at the soonest.
The ADD1+1ON in Cheung Sha Wan has collected about 383 applications, an 3.9 times of oversubscription base on totally 78 houses in the first two price lists, and this project hopefully will additional launch today possibly including houses of two-bedroom with storage room, also it is estimated there will be mark up, the sales of which will start at the beginning of next week at the soonest, the deputy sales department (1) general manager of Henderson, Lin Damin expressed yesterday. The rents of the newly housing estates in the district are from HKD 37 to HKD 62, with the rental return at about 3% to 5.1%, and it is estimated the rent for houses in The ADD1+1ON after occupation will be higher, the Asia Pacific vice chairman and president of the residential department of Centaline Property, Chen Yongjie expressed.
Castle Peak Road /Un Chau Street project in Cheung Sha Wan, which is built by the group and Urban Renewal Authority (URA), is expected to start selling in the second to third quarters of next year, in addition prices of The ADD1+1ON are starting price, and they will rise as the completion of several projects in the district, Lin Damin also said.
Sino additional launched 53 houses from MAYFAIR by the sea 8 in Pak Shek Kok, Tai Po with mark up of 2%-2.5% yesterday, including 46 standard and 7 featured flats in areas from 574 sq ft to 1,238 sq ft, and the sales prices are from HKD 11.99 million to HKD 31.76 million, also the discounted sales prices are HKD 9.652 million to HKD 25.566 million after the highest discount of 19.5%. This project has accumulative sold 326 houses taking in more than HKD 2.8 billion.
Le Point villas plan to sell by ready flats.
Le Point in Tuen Mun cooperated with the Swiss home appliance brand V-ZUG to provide home appliances for the rooftop flat Sky Le Pont, 4-bedroom rooftop flats among will be additional set with totally 15 items worth more than HKD 600,000, and 3-bedroom rooftop flats among are set with 7 items worth about HKD 210,000, the marketing and customer relations department director of Vanke real estate (Hong Kong), Zhou Mingxi expressed on the other side.
He pointed, as of the previous day, Le Point had sold 697 houses and cashed in more than HKD 4.4 billion, accounting for 76% of the launched flats, and the average transaction sq ft price was HKD 11,600. The sales method and date of the remaining houses will depend on the market conditions. It is expected 28 villas will be put on sale in ready condition.
The first-hand property vacant tax legislation is coming. SHKP’s 7-years occupied estate One Regent Place in Po Yip Street, Yuen Long uploaded brochure to prepare for the clearance of the ready stock houses. It is known, this estate still has 4 houses pending for sales.
Centaline commission hit a new high last month.
Driven by the new property sales, the commission income in March of Centaline Hong Kong residential department was as high as HKD 623 million, largely up about 1.35 times, the Asia Pacific vice chairman and president of the residential department of Centaline Property, Chen Yongjie expressed. The commercial shop and other oversea branches of Centaline Asia Pacific Region also recorded a commission income of HKD 709 million in same period, up about 1.1 times by month. Both figures set a new record for the group and he expects to reach another peak this month.
