Pool Mansion of The Wings cost HKD $ 65 million, or $26,000 per square foot
By Liang Yueqin, Zhou Ying (Hongkong Wenwei po)
The Wings, elite housing of La Splendeur will join the sales battle next week. It released the list price of The Luminous Sky Pool Mansion yesterday, which is HKD $ 65 million, about HKD $26,000 per square foot. When transacted, it’ll set a new record high in sales price and price per square foot of La Splendeur. It will also catch up with the average price of over HKD $20,000 of the deluxe mansion in Kowloon station, highlighting Sun Hung Kai Properties’ confidence of famous brand building in Tseung Kwan O. In the same district, La Splendeur in LOHAS Park Station of Cheng Kung Group will cancel 80% down payment of the second property.Today price increase details will be published and new price list will take effect from next Monday.
“The wings boasts 4 Deluxe Villas with private pool, distributed on the top floor of the 1st, 3rd, 6th and the 8th building. The one on the 48th floor of the 3rd building covers an area of 2,560 square feet, while the other three is near 2,500 square feet”, Lei Ting, acting executive director of Sun Hung Kai Properties said yesterday.
Lei Ting: we are to launch two units next Tuseday
He points out that the company will launch the two villas in the 6th and 8th building next weekend. There have been many inquiries and sample flats will also open next weekend. He says the intentional price of the two villas is HKD $ 65 million, or $26,000 per square foot.
Chen Hanlin, deputy assistant manager took the mansion in the 3rd building as an example. It has double suite with space and saleable area of 2,048 square feet out of a total area of 2,560 square feet. Building base is 3.7 meters high. Equipped with a huge private hanging garden, it has a outdoor area of 1,388 square feet. The mansion is over 165 meters to the ground. There are a dinner hall (over 640 square feet) and sleeping room on the first floor with huge reflection glass curtain wall. There are 3 rooms on the second floor, among which host’s room is equipped with a hanging private pool named “Diamond Pool”.
To the concerns whether recent stock market fluctuation will affect the sales arrangement of The Wings, Lei Ting responds that in face of inflation and heated economy, buying properties serves to insure capital value other than self-use; therefore it can be viewed as alternative assets appreciation.
La Splendeur to cancel mortgage payment on the second suit next Tuesday
On the other hand, Huang Sicong, investment director of Cheng Kung Group notes that, of the 600 more buyers of La Splendeur in LOHAS Park Station, only less than 10% chose to pay by mortgage with 80% down payment at least, which is a reflection that current buyers are flush with cash. Therefore they decide to cancel the mortgage provided by its administrated ATMD. Meanwhile, they will publicize price increase details today and issue new price list to be adopted next Monday. It’s said over 10 units of La Splendeur were sold yesterday.
People in this field note that Primrose Hill in Tsuen Wan District of Kerry Properties sold a Room B on the 57th floor of the 2nd building. It is 702 square feet large and the price is HKD $7.6518 million and HKD $10,900 per square foot.
Chatham Gate in Hung Hom to be launched in this quarter
Chatham Gate on Chatham Road in Hung Hom, co-developed by Shun Tak Holdings Limited, Sun Hung Kai Properties, New World Development Co., Ltd and Liu Chong Hing Investment Limited will start sales in this quarter. Liang Chaokeng, property sale director of Shun Tak Holdings Limited said yesterday that they have applied for sales consent of uncompleted flats and there is hope to start selling with approval in this quarter.
