In One Phase IC to be launched on Sunday 

New developments are selling like hotcakes and developers are accelerating the pace of sales. Chinachem, in partnership with the MTR Ho Man Tin Station, launched the remaining 130 two- to three- bedroom units in Phase IC of In One yesterday at an average price of HK$29,348 per square foot. The first two price lists for the sale on Sunday (2 April) included all 210 units, at a discounted opening price of HK$12.601 million. 

According to Helen Fung, sales director of Chinachem Group, the additional 130 units in the second price list, comprising 87 two-bedroom flats and 43 three-bedroom flats, ranging in size from 423 to 934 square feet, will be sold at a discount of HK$12.1847 million to HK$29.7704 million with a discounted average price per square foot of HK$29,348.

210 units sold on Sunday  Opening prices started at HK$12.16 million

The sale of 210 units opened on Sunday and closed at 2pm this Saturday, with a total of 4,000 votes received by yesterday morning, 18 times over-registered. Fung said that there would be a large group of buyers for Sunday's sale, required to purchase at least two units, one of which must be a three-bedroom unit with storage. She said the market value of the entire batch of flats was HK$4.183 billion, including 142 two-bedroom flats and 68 three-bedroom flats ranging from 423 square feet to 934 square feet, at a discounted price of HK$12.601 million to HK$29.770 million, with a discounted average price of HK$28,036 per square foot.

Fung added that the remaining four four-bedroom units in Phase IC of In One may be put up for tender at a later date, and did not rule out the possibility of Phase 1A (447 units) being launched immediately afterwards. 

On the other hand, Wheelock Properties’ KOKO MARE in Lam Tin has received an enthusiastic response. According to Ricky Wong Kwong-yiu, managing director at Wheelock Properties, the property has received nearly 1,800 votes and is 12 times over-registered for the first round of 138 units to be launched this Saturday. 30 per cent of ticket holders were investors. There were also about 20 large buyers. 

Up to 20 per cent discount for Sablier flats 

Other urban areas joined the ranks of bargain prices at the end of the day. Chevalier Group’s Sablier in Mong Kok updated their price list the day before yesterday, adding a total of 17 to 20 per cent discounts for existing units, covering studios and one-bedroom flats. Ten units will be launched on Sunday. Szeto Sai-wah, general manager of property development at  Chevalier Group, said that the introduction of the new discounts would attract buyers as the sales of many first-hand projects are booming. Tsang Ka-chun, deputy sales and marketing manager at Chevalier Group, said that the project also added a 360-day long-term transaction period, with a down payment of 10 per cent on the property price.