(By Yan Lunle)
The Sales of First-hand Residential Properties Authority (SRPA) (hereinafter referred to as the Authority) required developers posting stock list that they suggested on sales office since June to publish available properties and update sales timely. Although The Beaumount II in Tsueng Kwan was planed to be put on sale on this Thursday, but they will take the lead to use stock list to avoid any suspicion of violation, the Executive Director of Cheung Kong Zhao Guoxiong expressed. However, Cheung Kong will not follow the Authority's suggestion to conduct draw lots and house selection in two days but finish both two activities on Thursday. Zhao Guoxiong explained, some buyers hope to process draw lots and house selection immediately, so they will not change.
Registration is 20 times of the quota.
The BeaumountII had uploaded sales arrangement at last Saturday night, which are putting on sale the first batch of 401 units in layout of three rooms on this Thursday and selecting houses by three rounds in different term also different groups, the Investment Director of Cheung Kong Guo Ziwei expressed. Group A are potential buyers who had registered for Hemera, and these customers will draw lots and select houses in first round at 2:00 pm to 2:30 pm, with quota of 150 units.
Group B in second round are people who registered for 2 units in The Beaumount II, and they will start at 4:30 pm, with quota of 50 units. Group C in third round are the rest, who can choose the remaining 201 units, and they will be arranged to the site at 6:00 pm. It is known, registration for The Beaumount II will close on Wednesday, source pointed, more than 8000 registrations had collected in these four days, which exceeds 19 times of the quota of first batch. While journalist found on the site yesterday that, it was crowd in sales office and many house changer and investors visited.
Rainstorm draw down first hand property sale by 47%.
About in earlier the Authority required developers posting stock list on sales office since June, Zhao Guoxiong pointed, they will follow and provide more information to buyers in order to increase market transparency, although there are still few days before June. Only Cheung Kong did not conduct drawing lots and house selection in two days, Zhao Guoxiong said, they would put on sale by different terms, and some buyers hope to draw lots and select houses immediately.
Since many large projects are pending, plus with The Beaumount attracts many potential buyers, and also caused by rainstorm on Saturday, in the past three days including holiday for Buddha's Birthday, only 37 transactions made in first hand property market, down 47% comparing with 70 transactions in last week.
The Beaumount II has 872 units, which are mainly two rooms and three rooms. The first batch of 401 units are all three rooms in usable areas from 735 sq ft to 765 sq ft, at sale prices from HKD 6.833 million to HKD 9.604 million, and the sq ft prices are between HKD 9,160 and HKD 12,901. After the highest discount of 15%, the lowest price for three rooms unit in usable area of 746 sq ft is HKD 5.808 million, at sq ft price of HKD 7,786.
