(By Leong Yuet Kam)
Hong Kong Real Estate Association Hong Kong property for Hong Kong residents project Heya Crystal in Cheung Sha Wan sold its all 350 units in last week, then the price list of first batch 80 units from Heya Aqua which is another same project in same district also was published on yesterday morning. The sale prices of these units are from HKD 5.701 million to HKD 9.894 million with average sq ft price at HKD 14,544, usable areas of which are from 397 sq ft to 664 sq ft, and the highest discount is 10% leading discounted lowest price at HKD 5.131 million and discounted average sq ft price at HKD 13,089, 5.5% higher than Heya Crystal first batch discounted average sq ft price, while it is lower about 6% to 9% than second hand property sq ft price in same district. It is known, on the first day 880 registrations were collected, exceeding 10 times than quota, and they are mainly from customers focused to Heya Crystal in early.
Heya Aqua first batch 80 units are in layouts from one room to three rooms one suite, and Hong Kong Real Estate Association provides three payment methods, which are construction period payment (as sale price no discount), 90 days cash payment (10% discount) and 90 days secondary mortgage payment (8% discount). Registration will close on next Thursday, and the computer draw lots will hold on next Friday to decide house selection order, while house choosing will be on next Saturday.
30 units will be additional launched within this week at the soonest.
Heya Aqua first price list average sq ft price is about HKD 14.5 thousand, which is reasonable market price, and next batch will be additional launched according to actual situation, which will be at least 30 units being launched within this week at the soonest, Hong Kong Real Estate Association marketing general manager Huang Kam Shing expressed yesterday. However, he did not respond if they will put on sale the all 275 units on next Saturday. Asked why Heya Aqua first batch are expensive than of Heya Crystal, he emphasized each has own advantage, while the returned 3 units in Heya Crystal will be arranged other time, which will not be put on sale with Heya Aqua.
Market prediction had pointed Heya Aqua first batch will be expensive than of Heya Crystal, because the view in Heya Aqua is better, also it is the last Heya series private residence project attracting many customers focused to Heya Crystal immediately registered for Heya Aqua yesterday, and it is believed registration will increase when more customers from other districts visit the sample flat tomorrow, Centaline Property Kowloon West deputy regional business director Au Yeung Chun Bong expressed.
Maintaining the hot of Heya Crystal in last week, Heya Aqua also has competitiveness on its pricing, and it is estimated second hand property market will cool down in same district of short term, Midland Residential Department Chief Executive Officer Po Siuming expressed. Heya Aqua most units have more open view comparing with units in other Heya series projects launched in early, and it near to MTR station, so Heya Aqua is still attractive even the price is little higher than of Heya Crystal, he pointed. Average usable area sq ft price of major second hand property projects in same district currently is between about HKD 13 thousand and HKD 16.5 thousand, and the latest usable area transaction sq ft price in Heya Green was HKD 14.2 thousand, according to data.
Hong Kong Property: More than 80% of customers focused to Heya Crystal registered.
Besides, Hong Kong Property Services Kowloon director Yiu Wai Nam pointed, Heya Crystal had brought them HKD 10 thousand commission income, and more than 80% customers focused to Heya Crystal intend to registered for Heya Aqua.
In fact, down town housing demand is huge, and potential customers of Heya Crystal being put on sale in last week are numerous, according to Midland branch data, many people turn to second hand property market from first hand property market recently, for example, two rooms unit C in medium floor block 1 of The Sparkle which in usable area of about 522 sq ft was sold to customer focused to first hand property before by about HKD 6.65 million, with sq ft price at HKD 12,739. Po pointed, second hand property transaction will be affected and cool in short term, because Heya Aqua being put on sale follow after Heya Crystal.
Yuexiu Property villa in Tuen Mun will be put on sale next Monday.
For other new projects, Yuexiu Property had published the price list of villa project 「BIARRITZ」in Tsing Tai Road Tuen Mun in last week, and the sale arrangement of the all 3 villas had been brought out yesterday, then the sale will start on next Monday. Besides, Sun Hung Kai's Deauville in Ting Kau Tsuen Wan sold its No.7 at HKD 91.43 million yesterday, which is in usable area of 2,857 sq ft and at sq ft price of HKD 32,002. Mong Kok MacPherson Residence sold 2 units, Tuen Mun Century Gateway and Hung Hom VIVA each sold 1 unit.
