(By Fang Chuyin)
New project opening at market price with tax privilege is popular. According to market source and statistics from Sales of First-hand Residential Properties Electronic Platform (“SRPE”), in the past weekend, 587 units of first hand property sold, making the sale in up trend. Thereinto Nan Fung's The Visionary in Tung Chung sold 413 units, which are about 70% of total. While Lei Ting, the deputy Managing Director of Sun Hung Kai (0016), pointed their Imperial Kennedy in Sai Wan had sold 75% in less than one month since the opening, taking cash in about HKD 1.3 billion, which is the historical best sale among single buildings in Hong Kong Island.
I.K sold 75% in less than one month.
Asked when the Century Gateway will be put on sale, he expressed they will public the detail about Century Gateway phase 2 which is the major project of the group in this week, and will open sample flat and announce price list next week.
Feature unit room A in 42nd floor of I.K in usable area of 1,256 sq ft was sold at about HKD 41 million, which was ideal transaction. Among the floor style units, room A in 38th floor in usable area of 896 sq ft sold at the highest price of nearly HKD 26.7 million. This project is at average sq ft price more than HKD 20,000, about 117 units among sold, with low building units and units in medium building A, B, and C all sold, and they just additional launched medium building D and E for sale in this week, leading nearly 20% of the units which mostly located in medium and high buildings are waiting for being launched.
200 units of The Avenue 2 will be put on sale tomorrow.
The Avenue 2 in Wan Chai developed by Sino (0083), Hopewell (0054) and URA announced the fourth batch of 200 units will be closed at 3 pm today and will be put on sale at 11 am Tuesday.
In newly launched units, room L in 32nd floor building 2 in usable area of 334 sq ft is at the lowest price after discount of HKD 7.3383 million, with the average sq ft price at about HKD 21,971. Room H in 36th floor building 3 in usable area of 445 sq ft of which the discounted sale price at nearly HKD 9.4091 million is in average sq ft price of about HKD 21,144, which is the lowest.
While Sino's The Graces in same series sold 3 units in weekend and room C in low floor of building 8 yesterday, of which the area is 930 sq ft and the discounted price was nearly HKD 9.354 million, with average sq ft price at about HKD 10,059. The Graces has sold 93 units taking in more than HKD 2 billion.Park Metropolitan sold 4 units in weekend, and it has sold more than 135 units, taking in over HKD 1 billion.
Park Signature in Yuen Long sold 44 units in weekend, with room J in 27th floor building 9 sold yesterday at transaction sq ft price of HKD 11,309 hit the peak, and 9 open style units with terrace and 4 feature units including platform were all sold, leading 926 units sold since opening and nearly HKD 3.7 billion was took in.
The first hand property transaction registers in last month were over one thousand, which is the first time in half year.
The open of The Austin and The Cullinan last month pushed the first hand property sale to hot, plus with Park Metropolitan,The Hemispheres and some new project relaunched their stock units, so the first hand property transaction was speed up, with registers in November above 1,000 cases, which is the highest in half year.
According to latest data from Land Registry, Hong Kong registered 1,110 cases of first hand property transaction in November, largely up 48% than 749 cases in October; While the ratio of first hand property transaction registers to whole resident transaction registers also rose from 21.1% in October to 28.3% in November.
