Hong Kong 's Wen Wei Po (Reporter Leung Yuk Cum) City Point which located in the District 7 of the West of Tsuen Wan MTR Station plans to put up for sale within this month,the first batch of units which launched out on sale will be more than 20% of the total number of units specified in the first-hand residential unit sales regulations (ie,more than 344 units).Investment Director of the developer Cheung Kong Group Lau Kai Man yesterday said that the sale brochures and the demonstration units at Victoria Mall are in ready,ready to be distributed and to be opened for the public.As for The Avenue Phase 1 in Wan Chai by Sino Land will launch out the extra 30 units on sale on this Friday,some of the units increase by about 1% of the prices and to maintain the highest discount of 17.5%.
Lau Kai Man pointed out that long overdue to launch out the sale,mainly due to City Point belong to a large-scale housing estate,expect colleagues within the Group and commissioned by real estate agents make more training and then put up for sale.Asked that if the group worried that there are a number of new properties launched out on sale in the earlier days have been absorbed multiple purchasing power,Lau Kai Man pointed out that there are no new property units supply with large scale have put up on sale in Tsuen Wan district since 2007,so it is believed that there are a number of purchasing power for changing flats in the area.To have an adequate supply of the market,he said that the first batch units of City Point will have more than 20% of the limit,which is more than 344 units,including various types of units.
The supply involved in types of units
According to the introduction,City Point consisting of seven blocks of buildings, providing a total of 1,717 units,providing 2,3,4 bed-rooms and special units,the overall series is divided into Blue Diamond and Gold Diamond,Blue Diamond units were part of the Rambler Channel and eligible Tsuen Wan Riviera Park landscape views,located in Flat A, E, F of Tower 1-8 and part of Flat B, D units, as for Gold Diamond units are having Nina Tower,Tsuen Wan and Tsuen Wan Park city views,the units are located in Flat B,C and D of Tower 1 to 8 respectively.
The Avenue launched out the extra 30 units with an increased prices
As for the other developer,Sino Land have announced to be launched out the extra 30 units of The Avenue Phase 1 yesterday,will be on sale this Friday,including units with one-bedroom and 2 bedrooms interval,as well as the characteristics of households with platform which first launched on sale,some of the units have a slight increase of about 1 % of the prices and to maintain the maximum discount of 17.5%.Of which the standard units priced at HKD $1.0697 ten million to HKD $1.5795 ten million,with a salable area of 440 feet to 591 feet,the real price of HKD $21,678 to HKD $27,000 per sq.feet,as for the units with platform,priced from HKD $1.5579 ten million to HKD $1.6695 ten million and the price is HKD $26,209 to HKD $29,339 per sq.ft.The units with 3-bedrooms interval of The Avenue Phase 1 have all sold out,Phase 1 and Phase 2 of The Avenue have tired sold out over 1,070 units.
The New World Development's projects Park Signature and The Wood side in Yuen Long,since the sales have launch out,two properties have sold a total of 284 units,which accounted about 96 % of the total units which are available for sale(297 units),cashed in of nearly HKD $1.6 ten billion.Amid the enthusiastic response of the low-density residential property projects,the developers are deploying garden house up for sale,with a total of 36 houses,with an estimated sale within this season.
The first-hand residential property sales was quiet yesterday,sold only five units,including Chatham Gate in Hung Hom have sold two units,Double Cove in Ma On Shan,The Avenue Phase 1 in Wan Chai and The Long Beach in Tai Kok Tsui Long Beach have sold one unit respectively.
