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Century Gateway sold 700 units with cash in HKD5 billions

Squarefoot Editor  2012-10-05  62 #Tips For Transaction
(reporter JiaMing Huang) each developers continue launch projects actively by the hot market trend. Sun Hung Kai Properties Tuen Mun station Century Gateway project have sold about 962 units at average building area sq feet price form HKD8,800 to HKD9,000 sold about 700 units until now with cash in about HKD 5 billions. If the sale this weekend is good, they will consider addition launch the remaining 150 to 200 standard units and maybe price mark up. In addition, Wheelock's Kadoorie Hill in Ho Man Tin will on sale today at the soonest. Developers expect to sold out the first 30 units today and it is estimated cash in nearly HKD900 millions. Sun Hung Kai Properties agency assistant general manager ZhiYuan Hu said, different landscape units of Century Gateway have launched. They open new sample unit in 2 rooms layout to the media which base in blueprint of room F, 16th floor of 1st tower with cover area of 635 square feet. It will be opened on this Saturday priority to Sun Hung Kai Properties Club members. As for 193 units addition launched in this Wednesday will be open sale by batches in this weekend at the soonest. The price increase about 1% to 2% and if all sold out will take about HKD1 billion cash in. ZhiYuan Hu continue said, the remaining about 150 units will addition launched or price mark up according to the sales on weekend. If sold out will be take nearly HKD7 billions cash in. Kadoorie Hill on sale today at the soonest In addition, Wheelock's Kadoorie Hill in Ho Man Tin will on sale today at the soonest. Managing director GuangYao Huang said, there 66 units in total in market value of more than HKD2 billions and open for sale today at the soonest. 20 units among the first batch of 30units are 4 rooms unit at cover area average sq ft price HKD19,930. There were nearly 1,000 inquiries the past week. And most of them have been reserved and major from local buyers. GuangYao Huang continue said, if can sold out all 30 launched unit today, there will be nearly HKD900 millions cash in. Kennedy town project Lexington Hill of Sai Wan in same system already sold about 98%of the units and cash in about HKD1.2 billions. The Riverpark in sha tin cooperate develiped by New world and Mass Transit Railway addition launched 2 price list yesterday include 3 units. All are 3 rooms units above one thousand square feet at average sq ft price HKD9,262 to HKD9,304. Project has sold 833 units at average sq ft price about HKD9,100. One WanChai extremely high floor units sale at sq ft price HKD19,500 In addition, the Chinese Estates , they get 5 deals record for their One WanChai project in Wan Chai. Open type unit among in extremely high floor with cover area of about 416 square feet deal at sq ft price HKD19,500. 3 rooms unit in extremely high floor of same tower with cover area of 1,193 square feet sale at sq ft price from HKD17,500 to HKD19,800. The developer said, project has sold more than 80% of launched units.
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