by Liang Yueqin, Zhou Ying, (Hongkong Wenwei po) All developers are taking advantage of the Golden Week to promote mainland buyers to purchase properties. At least 2,000 mainland visitors are expected to purchase. La Splendeur in Tseung Kwan O of Cheng Kung Group will launch 53 new properties today at the original price, which is 3-room apartments facing south-east built in the 10th building of LC. The average on-demand price per square foot is HKD $5,683. Marinella, Aberdeen of Wah Realty Co., Ltd will set price in a few days and start selling next Friday the earliest. Henderson Land Development Co., Ltd attracts buyer to Légende Royale and Hill Paramount with watches of famous brands.
La Splendeur launched 53 units at original price
Huang Sicong, investment director of Cheng Kung Group says that 8,00 to 1,000 mainlanders will be arranged to visit sample flat of La Splendeur and pick up the floor via the estate agent. Since 500 of the 600 units launched last Friday has been sold, 53 more units will be launched today, which is 3-room apartments facing south-east on the 8th and 9th floor. The area of structure is 971 square feet, and the price is 5. 093 million to HKD $5.898 million.
He says that from the beginning of this week to yesterday, reserved apartments of 3 and 4 rooms have been purchased by earlier registrants before last Friday in priority. Recently this batch of registrants are entering into market again to choose among remaining 20 more hillside 3-room apartments in the 9th and 11th building of La Splendeur. This reflects that with stock market fluctuation these days, people prefer to purchase properties to insure value of capital in hand. That’s why La Spenlendeur put another 53 units into market.
Marinella about to make a price in a few days
Lv Yaohua, executive director of K. Wah Realty Co., Ltd says yesterday that despite interest rate changes and stock market fluctuation, HK residential market remains stable in the long run and HK stocks is only temporarily affected by the fluctuation of periphery stock market. Marinella is to publicize sales price tomorrow or next Monday at the soonest, specific date depending on weather conditions. The list price is close to market price and since the building is set in a good location, there’s no need to worry about sales. It is said more than 10 units have been reserved.
Chen Yucheng, director on business and market planning K. Wah Realty Co., Ltd says that sales brochure has been released on the Internet and sales will start next Friday at the earliest. Till now, there have been over 1,500 inquiries, 50% from mainland buyers. Mainland buyers are sure to take up a considerable proportion during the Golden Week, but there will not be discounts for them. In response to market information that Marinella has begun to make reservations, he emphasizes that group sales is subject to guidance.
Mainland buyers hed purchasing talks on TheWings
The Wings in Tseung Kwan O of Sun Hung Kai Properties is expected to begin sales in two weeks. Lei Ting, acting executive director of the company says that sample flats of The Wings in Central Hong Kong International Finance Centre are nearly completed and can be launched at any time within two weeks. Chen Hanlin, acting assistant general manager says that the 20,000 persons came to the road show in Hong Kong and inquiries reached 5,000. Mainland road show begins at Shenzhen and then moves to Guangzhou and Shanghai. Mainlanders have found this project attractive, especially 4 Tin Chi Wu. Some clients have actively inquired and provided a fairly high price. Sample flats are nearly completed and will be open after some detailed discussion with MTR.
Lei Ting also says in this comprehensive project, service apartment Vega Suites provides 176 rooms with an area of 400 to 1,500 square feet, from open style to 3-room. The intended rent is HKD $50 per square foot.
Besides, Peak Villa in Tung Lo Wan Hill, Sha Tin issued sales brochure yesterday and it will start selling next week at the fastest. This project includes 13 villas from 3,650 to 4,700 square feet with the garden area from 1,600 to 3,850 square feet. Most villas are equipped with a private heated swimming pool.
Grand Garden supplies payment after inhabitancy
As for other new properties, Henderson Land Development Co., Ltd provide famous watch to buyers of Légende Royale in Tai Po and Hill Paramount in Sha Tin in consecutive 7 days beginning from today. Grand Garden in Sai Wan Ho, co-developped by Yong Guang Real Estate and Bao Hui holding company will implement a 26-month long plan of “payment after inhabitancy”, says Kuang Dequan, executive director of Bao Hui holding company, and the first 3 buyers will be granted parking space worth HKD $800,000.
