Cheung Sha Wan The Ascent provide lower than market price to attract buyer

After Hong Kong's Wen Wei Po news (reporter Liang Yueqin) British leave Europe, the local property market better, developers to accelerate to push real estate. Cheung Sha Wan announced yesterday are still 10% below the market launch of the first batch of 50 property over customers, namely the average price per square foot for real off $13,847, 276 sq ft unit that is open for Parity admission $3.58 million. Developers PHL Executive Director and Chief Operating Officer Fan Tung described, "the first units offer not only paste, but very attached to the land, a few price", that is, for all the units off Nett less than $6 million, plus will increase when pushed.

Cheung Sha Wan Shun Ning Road No. 83 are still for PHL, Regal Hotels & URA cooperation projects, a total of 157 property. Fan Tung pointed out, still have the first batch of 50 property including open door to a room, utility area from 276 feet to 429 feet, that is, for the discount 12% discount from the actual price from $3.58 to 5.9 million, while also providing flexible payment methods, before moving just have to pay prices 15%, and provide backup second mortgages, property prices up to 30%, the annual interest rate for the first three P minus 2.75%, followed by P, together with banks to provide 60% of a press, twelve by up to 90%.

Highest offer 90% mortgage

Fan Tung said that from yesterday are still collect tickets, one person, two votes, provisional sale next Sunday, the first of 50 property worth about $240 million, plans to put up for sale a total of more than 100 property, household characteristics and finally up for sale. He said, in order to present new Yuen Long Property more than 3 million units sales in is also very good contrast, yet are located in urban areas, namely, open the unit for less than 4 million HKD discount Nett, namely for 1 tenant less than 4.7 million HKD discount Nett, 2 room households or for less than 6 million HKD discount Nett, I believe there are certain illiquid.

He believes that the property market there is still demand, and take the polarization, less urban building supply must rise, the recent new supply of new flats are mainly Tuen MunAnd "rural" Building Yuen Long Property, expected in the second half prices stable development.

Centaline Property president of Asia Pacific Mr Chan said the British off in Europe in the last 7 to 8, a second-hand flats are thriving, Cheung Sha Wan still offer all this time, than a single building new properties in the same district last year property price per square foot high up on sale about $17,000 to 18,000, can be described as the low part of it, in terms of today's market conditions, is posted price and discount Shaoshao urban $3 to 4 million new real estate demand, material can be fully sold out.

Downtown Penny floor there is a demand

Midland Kowloon director Chen Guangming, said market demand for urban Penny ardent floor is still time for all that is real average price per square foot off less than $14,000, compared with the region coming out of single blocks of real estate about 10% lower, material attract "hungry Property" has long been on the train and investors to join.

Project can be built residential floor only 66,500 feet, of which about 8,300 feet of a commercial floor. There clearly refers to the year when the tender, the developers selling properties in future revenue of $785 million HKD or more, you need the dividends the URA. It is reported that the first dividend payout ratio is 20% of the $ 30 million bonus, followed by a second $ 30 million dividend 30%, $ 30 million if a fourth or more, the dividend payout ratio of 50%. The market believes that the times are still asking price restraint, I believe that the hope "seek first volume, after seeking price" easier to achieve the URA dividends standards.

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