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Chatham Gate Increases Discount To Additional Launch More Units.

Squarefoot Editor  2014-03-27  34 #Tips For Transaction
(By Liang Yueqin) The application for Trinity Towers in Cheung Sha Wan developed by Cheung Kong and URA continues hot. Source told, about 4,400 applications had been accumulatively collected until 7 pm yesterday, exceeding 39.7 times than the quota, and HKD 660 million was froze. Seeing first hand property market in Kowloon is warming up, Sun Hung Kai and so on took advantage to additional launch three rooms units above one thousand sq ft of Chatham Gate in Hung Hom yesterday, 29 among will be put on sale by first arrive first served on Sunday (30th), and the discount is 31% at the most, which is higher 6% than the largest discount of 25% in the relaunch of this January, with the lowest discounted price at HKD 13.957 million. About The Warren in Causeway Bay, Wing Tai Properties Limited canceled its special cash return privilege to mark up in disguised form. The lowest price for three rooms unit is HKD 13.95 million. The 29 units firstly being put on sale on Sunday include room B of 18th-35th floor in building 1, room C of 29th-36th floor in building 1, and room C of 29th-36th floor in building 2, in usable areas from 1,049 sq ft to 1,306 sq ft, at sale prices from HKD 20.2274 million to HKD 28.6435 million, and the sq ft prices are from HKD 19,283 to HKD 22,238, according to price list and sale arrangement of the 94 units Chatham Gate additional launched yesterday. The discount will be 31% at the most. It is known, if chooses payment method in 60 days, Chatham Gate buyer can enjoy 6% discount , also gains 6% of sale privilege at the same time, and earns extra 10.5% discount for purchasing on or before this April 22nd, while Hong Kong permanent resident, non Hong Kong permanent resident and company name buyer all can have extra 8.5% discount, so the highest privilege is up to 31%, with discounted sale prices from HKD 13.957 million to HKD 19,764 million, besides there are parking places in unit value of HKD 1.8 million supplied to buyer at unit price of HKD 0.9 million; As for payment method in 360 days, there is no any privilege. The Warren canceled cash return privilege. Another side, Wing Tai Properties Limited looks good to high cost property market and announced to cancel the original special cash return privilege of The Warren in Causeway Bay (50% of ad valorem stamp duty or 3.75% of the property price, whichever shall be less) yesterday, which means to mark up in disguised form, and The Warren has 5 available units currently. Hong Kong Island had luxury property transactions yesterday. Nan Fung's Winfield Building in Happy Valley sold room 2001 in building A at about HKD 64 million; Swire Properties' MOUNT PARKER RESIDENCES in Quarry Bay sold room B in usable area of 1,242 sq ft of 10th floor at about HKD 29 million; The Summa in Midlevels West also sold 1 unit.
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