GRAND MONTARA increases prices by over 1 percentage; Monti cuts prices by 9.4 percentage.
(By Leong Yuet Kam)
Developers take the advantage of first hand property hot market to additional launch more houses. Wheelock’s LOHAS Park GRAND MONTARA in Tseung Kwan O again additional launched 101 houses with mark up yesterday, with the average sq ft price at HKD19,988, and the discounted average sq ft price is HKD15,491 after deducting the highest 22.5% discount, besides the project has launched 4 price lists including 404 houses. The managing director of Wheelock Properties, Woo KwongYiu expresses, the prices of this batch are 1-1.5% higher than that of the previous price list base on the landscape and floor factors, and they will consider to additional launch more if the respond is good, also the sales will start on this weekend of the soonest.
According to the price list, the 101 houses being launched yesterday are located in blocks 1A and 1B in usable areas of 346-789 sq ft, and they include one-bedroom, two-bedroom, three-bedroom, platform feature house and rooftop feature house. The sale prices range from HKD7.739 million to HKD17.431 million, and the discounted prices are from HKD5.598 million to HKD13.51 million, leading the discounted total market value of this batch to about HKD1 billion.
, The Marketing Assistant General Manager of Wheelock, Chen Wakchi expresses, GRAND MONTARA has received more than 5,000 applications so far, with about 70 percentage are registered as potential customers; At the same time, there are about 100 groups of big customers who buying two units with at least one among is three-bedroom house.
Over 5000 applications are recorded, with 70 percentage among are potential customers.
Woo KwongYiu expresses, the project has launched 4 price lists including 404 houses totally at market value of HKD4.9 billion and about HKD3.8 billion after discounts, also the average sq ft price is HKD19,030 and the discounted average sq ft price is HKD14,749 of the 4 price lists, which is still lower than the discounted average sq ft price of HKD15,200 of MONTARA nearby in same series.
Monti additional launches 18 houses to be put on sale on Friday.
On the other hand, Monti in Shau Kei Wan developed by Lai Sun Development and URA additional launched 18 houses with price cut yesterday, including flats of open style to one-bedroom locating from 16th floor to 18th floor in usable area of 286-386 sq ft, and the prices are HKD6.794-9.312 million, with the sq ft prices at HKD23,755-24,227, also the discounted prices are HKD6.063-8.3101 million with the discounted sq ft prices at HKD21,199-21,621 after deducting the remain highest discount of about 10.76 percentage, besides the sales will start on this Friday.
Based on the latest discounted sq ft price of HKD21,199 for the room B on 16th floor, the price is 9.4% lower than the discounted sq ft price of HKD23,322 for the room B on 15th floor in the first price list last year.
Mount Nicholson sold 2 villas at HKD1.1 billion.
The transactions of luxury first hand property continued to rise. Mount Nicholson phase II in the Peak developed by Wharf and Nan Fung sold the No.21 and No.22 villas yesterday with the respectively sale prices at over HKD0.53 billion and over HKD0.58 billion, and the sq ft prices were respectively HKD85,188 and HKD82,889.
Developers yesterday launched the sale of the last two villas of Mount Nicholson in the form of tenders. These two are No. 12 and No. 20 villas in phase 1 in usable areas of 7,042 sq ft and 8,093 sq ft respectively, joining gardens of 2,715 sq ft and 2,889 sq ft respectively, and the application will close on July 4th.
Sino’s The Palazzo in Fo Tan sold room B on 63-65th floor of block 9 by tendering yesterday, which is top floor rooftop compound feature apartment of five-bedroom with three suites in usable area of 2,488 sq ft joining platform of 1,105 sq ft, and the transaction price was HKD76 million with the sq ft price at HKD30,547.
Fleur Pavilia sold one three bedroom apartment at HKD44.78 million, the new high of the same style apartments.
New World’Fleur Pavilia in North Point sold the last three-bedroom apartment yesterday, which is room C on 32th floor of block 2 in usable area of 1,066 sq ft, and the transaction price was HKD44.78 million with the sq ft price at HKD42,008, both are the new highs among same style apartments in the project. The project has sold 549 houses, taking in more than HKD13 billion.
Poly’s Vibe Centro in Kai Tak has recorded two cases of forfeiture of deposit, which are room C on 35th floor and room E on 36th floor of block 1A in usable areas of 244 sq ft and 349 sq ft, and they should had been sold at HKD6.7943 million and HKD9.5164 million respectively on June 16, but buyers gave up leading the 5% deposits of about HKD0.34 million and HKD0.475 million respectively were confiscated, that is, the total deposits for these two apartments at about HKD0.82 million was confiscated.
