Feature: Sample unit of Sevilla Crest was forbidden to be exposed because of copyright.

Reporter Huang Zi-man 3 more new projects unloaded their brochure to the market in June. The projects were planed to be put on sale again within this month. It is assumed that the first-hand supply vacuum would hopefully end, while two projects among which are Ocean one in Yau Tong and Sevilla Crest in Sham Shui Po delayed the selling because of different reasons. Market insider pointed, the first-hand supply vacuum period will maintain. Current market available houses are less than 150 units which reflects developers still have’t adapted to the Residential Properties (First-hand Sales) Ordinance (Hereinafter refers to the Ordinance). If the situation maintains, the supply quantity of residential property will be affected. Canceling “Repayment Subsidy”and delay the selling. The selling of Sevilla Crest which planed to be put on sale on last Saturday (8th June) need to be delayed until this Wednesday (11th June). It became the fourth project which could not be put on sale under original plan after The Avery in Kowloon City, The Reach in Yuen Long and Ocean one in Yau Tong. 　 Sevilla Crest’s sample unit which located in underground of Elizabeth House of Causeway Bay planed to be opened from last Saturday. But journalists went to the site yesterday and found it was deserted. In addition, the site staff informed journalist many times that taking picture was forbidden in the unit which changed in layout because it has copyright on design. 　 According to government’s Residential Properties (First-hand Sales) Ordinance, sample unit without change would be opened to potential buyers and public. Seller was not allowed to restrict any visitor measuring, taking pictures or films in the sample unit. While about the sample unit which had been changed, although there was no forbidden policy that seller can restrict public taking pictures, but some developers did not forbid the public taking pictures during the selling of first-hand units in earlier. Sevilla Crest will relaunch 31 units in this Tuesday if nothing unexpected happens. The average usable area sq ft price will be HKD 14,891. The selling will base on first come first served. As for Lai Sun Group’s Ocean One in Yau Tong who uploaded the brochure last week, the project relaunched 52 units at usable area sq ft price of HKD 14,039. The sample unit was only reopened for one day. Since they found nonconformity between plan and electromechanical device drawing on window’s location in brochure, so the selling was delayed. The date when to put on sale the project has not been released temporary. The available houses in Hong Kong are less than 150 units. Even Sevilla Crest can be put on sale in this week on time, the available houses in first-hand market still less than 150 units including units of the 3 available projects in the market. The supply is still extremely lack. According to the record of the first-hand property trading, there were totally 8 cases of trading in the past one week which fell nearly 5% comparing with 14 cases in one week before. While on last weekend, there only was one case of trading among the new projects. Since the Ordinance was implemented, only Green Code in Fanling and DUNBAR PLACE in Ho Man Tin can be put on sale by original plan. The selling of new project came across many setbacks. Market insider expressed, developers still in adaptive phase and it is expected that they may smoothly handle it two to three months later.

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