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City Point Will Upload Brochure Within This Month.

Squarefoot Editor  2014-04-24  #Tips For Transaction
(By Liang Yueqin) Large new project including more than 1,700 units starts. Yesterday noon, City Point in Tsuen Wan West Station 7 sent sale certificate of commission to specified real estate agents. The brochure will possible be uploaded within this month, while sample flat will be open after then, and they estimated to put on sale 800 units this year, he also said the group supplied market level price in each project open, expressed by Zhao Guoxiong, the Executive Director of Cheung Kong. At the same time, MacPherson Residence in Mong Kok will open price next week at the soonest; The Avenue 1 in Wan Chai additional launched 18 units, some among will be marked up by 1%-2%, with the highest discount in 17.5%. City Point which developed by Cheung Kong, Nan Fung and MTR includes 7 residential buildings in 44-48 layers, supplying units of two rooms, four rooms and feature units. First hand property market is warming up recently, for example Trinity Towers sold out 402 units in only three weeks, reflecting housing demand is huge, while the preparation of City Point's brochure and sample flat goes to the last stage, with brochure can be uploaded and delivered at any time, and this project is the largest one in six years supplying 1,717 units, more than half of which view the sea, pointed by Zhao Guoxiong. Zhao Guoxiong emphasized they launched at market level price each time when was asked if this project may supply more privileges. 800 units estimated to be put on sale in this year. The second hand transaction usable area sq ft price of unit from 900 sq ft to more than 1,000 sq ft of nearby new project in same district like The Dynasty is between HKD 12,753 and HKD 13,490, while it for small unit from 515 sq ft to 679 sq ft of Vision City is from HKD 11,686 to HKD 13,760, according to data supplied by real estate agent in the district. Zhao Guoxiong: Strive for LOHAS Park 4. The property visit quantity in the district sharply rises by about 40% driving by new projects, and the second hand property transaction is also warming up, but owners stand strong on price seeing new projects may push up the second hand property price, so the second hand property transactions did not largely increase, expressed by Liang Baoling, the Senior Sale Manager of Tsuen Wan and Belvedere Garden district of Centaline Property. Being asked about MTR's LOHAS Park 4 in Tsueng Kwan which will be closed next Monday, Zhao Guoxiong expressed, the group is interested in the bidding, and they believed the development potential is large since the group had won LOHAS Park 3. He said the group will pricing aggressively this time, so they do not feel it possible that the project may fail. MacPherson Residence will public price next week at the soonest. MacPherson Residence will public price next week at the soonest, first batch of which will be 60 units at least, Yong Congyong, the Marketing and Sale General Manager of Kowloon Development said. This project has 293 units, one room units and two rooms units among take 90%, with half are one room units in usable areas from 367 sq ft to 470 sq ft, and the usable areas of two rooms unit are from 555 sq ft to 688 sq ft, while 2 rooms and a half units' usable area is 754 sq ft. The Avenue 1 additional launched 18 units by mark up. As for The Avenue 1 in Wan Chai developed by Sino, Hopewell and URA, it announced to additional launch 18 units (building 5) yesterday, including one room, two rooms, and three rooms units, three rooms standard units among are all being put on sale. These 18 units are in usable areas from 440 sq ft to 658 sq ft, at sale prices from HKD 10.655 million to HKD 16.208 million, with usable area sq ft prices from HKD 21,083 to HKD 27,070, while some units among are marked up by 1%-2%, and they will be put on sale on this Saturday, supplying discount up to be 17.5% at the most. Besides, source pointed, The Avenue in Wan Chai and Harmony Place in Shau Kei Wan each sold 1 unit, while Billionnaire Royale in Kowloon City sold 3 units.
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