Dragons Range will be put on sale first on Friday; Stars By The Harbour Deauville and Century Link II will be put on sale in October.
Kong Wen Wei Po News (By Leong Yuet Kam)
FED decided to maintain the interest rate, making the market rest assured temporarily, and Sun Hung Kai, Cheung Kong, Kerry, Swire Properties and many other developers taking this stable market situation to put on sale new projects during Mid autumn Day and National Day holiday. According to preliminary statistics until yesterday, nearly 300 units will be launched during the term.
Cheung Kong Hung Hom Stars By The Harbour Deauville yesterday published to launch first batch 34 units of block 5 Star No.5 at original price, average sq ft price of which is HKD 26,174, and the discounted sq ft price is HKD 22,117. Half of this batch are three rooms units and the other half are four rooms units, and the usable areas of three rooms units are from 1,027 sq ft to 1,067 sq ft, while for four rooms units are from 1,342 sq ft to 1,358 sq ft, Cheung Kong real estate investment director Kwok Chi Wai expressed.
The project launches privilege benefiting foreign customers who can enjoy total discount in 15.5%, and the lowest price for three rooms unit is HKD 23.503 million, which will be HKD 19.86 million after discount. Customer will enjoy 13% discount if choose flexible payment and also will earn cash return in 2.5% of transaction price, besides the registration started from yesterday and the sales will be held on this Saturday.
Star No.5 first batch sale prices are much the same to prices of block 1 and 2 which were put on sale in early, while it just caused by different view and location, Cheung Kong Executive Director Chiu Kwok Hung expressed. As for US may rise interest in October, he believed it is unlikely, and the range will not large even they rise the interest, also he believed mainland economic growth in this year will able to maintain around 7%, which will not has large effect to Hong Kong buyers' housing intend.
Asked about defaults appeared among new projects recently, he pointed it is just individual case and buyers are better to buy house base on own capacity. In this year, Cheung Kong may put on sale new projects YUCCIE in Yuen Long and The Zumurud in Ma Tau Kok, he added.
In addition, Sha Tin Dragons Range will put on sale 60 units on this Friday including 15 feature units and 45 standard units, Kerry development executive director Chu Ip Pui expressed yesterday.
Dragons Range provides renting business.
This project has sold about 26 units since open, taking in nearly HKD 400 million, and about 25% buyers are long term investors, also they cooperate with Hong Kong Homes to provide renting business, rate of return of which predicted to be above 3%, and the sq ft rent is about HKD 40 to HKD 43, he said.
Tung Chung Century Link II published sales arrangement of the last batch to put on sale 132 units first on this Saturday and put on sale the last 11 units on next Monday after the holiday, and two batches are 143 units in value of nearly HKD 100 million, the vice managing director of Sun Hung Kai Lui Ting expressed yesterday. The discounted lowest price in Century Link II this batch is about HKD 3.9 million, Sun Hung Kai assistant general manager Wo Chi Yuen pointed. In addition, Century Link still has more than 10 units which will be put on sale later.
Sai Ying Pun King's Hill will be put on sale in October.
Sai Ying Pun King's Hill is hurriedly printing brochures and preparing for sample flats, and hopes to start sales in October, Lui Ting expressed.
About other developers, Kowloon Development Upper East in Hung Hom added privilege yesterday, which is 2% of transaction price cash return for customers who buy 2 or more units, and the sale arrangement will be published today at the soonest, while the latest round of sale will be held on this weekend, besides the registration for this project is above 200 currently.
Swire Properties Lantau Island villa invites tenders.
Swire Properties' WHITESANDS villa in South Lantau Road 160 Lantau Island uploaded brochure and sale arrangement yesterday, 24 villas among will invite tenders from September 30th to October 27th. This project has 28 villas in areas from 1,954 sq ft to 2,598 sq ft and all setting with garden and parking spot, besides the certificate of compliance is delivered. No. 13 house among these 24 units is in area of 1,954 sq ft and at guiding price of HKD 48.5 million with sq ft price at HKD 24,800, providing stamp duty return in 4.25% of transaction price.
Hong Kong property market is in stable supply and demand, and the group's sale in the first half year was ideal, so they are confidence of property market,, Swire Properties residential department director Tao Wai Yip believed.
