(By Yan Lunle)
Strong rigid demand in property market promotes the sale of many new projects. About Tsueng Kwan Corinthia by the Sea developed by Sino and so on, it puts on sale 127 units today, the reaction of which is ideal even though there is mark up in 2% to 3%, and 2,800 registrations had been received until the registration closed last night, exceeding more than 21 times of the quota and freezing about HKD 280 million. For Cheung Kong's VIVA in Hung Hom, it had published price list for all 75 units, but they will only launch 50 among in this Wednesday, while may adjust the price of the remaining 25 units.
The 127 units Corinthia by the Sea additional launched in earlier are being put on sale today, including 105 standard style units and 22 feature unit in usable areas from 540 sq ft to 1,215 sq ft, prices of which are from HKD 7.462 million to HKD 30.021 million, with usable area sq ft prices from HKD 15,121 to HKD 25,356, also it will maintain discounts at 14.5% of the highest. Plus with value of terrace feature units and platform feature units in firstly launch, the market value is about HKD 1.87 billion according to price list.
Only 25 first hand property transactions made.
On the past weekend, only 25 first hand property transactions made, down 16.67% by week, according to market information synthesized by this news. The main reason is some new projects selling on work day, affecting the transaction on weekend in disguised form, also cause by decentralized purchasing power dragged away by many new projects come out at same time.
Wing Tai Properties Limited's Homantin Hillside sold a four rooms unit in room C 23rd floor of block 2 in the past two days, which is in usable area of 1,243 sq ft and sold at HKD 30.52664 million, with sq ft price at HKD 24,559. Developer published to additional launch 4 units yesterday, which are in usable areas from 926 sq ft to 1,255 sq ft and in prices from HKD 26.9 million to HKD 37.264 million, with sq ft prices from HKD 29,050 to HKD 29,931. The sale prices are about HKD 20.39 million to HKD 28.47 million base on the highest discount of 24.205%, and the sq ft prices are from HKD 22,018 to HKD 22,687.
VIVA's new price list of 50 units will be put on sale on Wednesday.
Hung Hom VIVA uploaded the second price list of 37 units days before, which in sq ft prices from HKD 18,565 to HKD 24,238 or from HKD 16,151to HKD 21,086 after discount, and the market value is about HKD 270 million, Senior Sales Manager of Cheung Kong Feng Hailun expressed. Until now, VIVA has published prices of all its 75 units, 50 units among will be put on sale this Wednesday and the remaining 25 are pending on sale date also price, and prices in the second list are about 2% higher than of the first one. Source pointed, the project temporarily got about 500 registrations.
Ultima launched 21 units in layout of four rooms on Thursday.
Besides, Sun Hung Kai's Ultima in Ho Man Tin published the sales arrangement, which are putting on sale 21 units in layout of four rooms at prices from HKD 41.03 million to HKD 96.26 million under same discounts on this Thursday, closing the registrations on Wednesday, and buyer can choose any unit independently without groups sale, while company buyer have to purchase two more. Ultima will be occupied in next September, and their target is selling one third in 80 units during pre-sale term, while the remaining will be put on sale under ready flat next year, which may have some mark up at that time, pointed by Lei Ting, the Vice Managing Director of Sun Hung Kai.
