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Mayfair By The Sea I Had Collected More Than 1,400 Applications.

Squarefoot Editor  2014-06-19  99 #Tips For Transaction
(By Liang Yueqin) First hand property market is hot again, and the demand of feature unit increases. Mayfair By The Sea I in Tai Po will put on sale 220 units on this Saturday, the application of which will be closed at tomorrow night, while draw lots will be held and announced immediately, expressed by Tian Zhaoyuan, the Sales Associate Director of Sino. 7 among are feature units, including 4 ground units with garden and 3 compound apartments in layout of one room. Market source pointed, about 1,400 applications had been collected until last night. Source told, Mayfair By The Sea I still keeps 9 units with roof swimming pool, which are in usable areas from 1,710 sq ft to 2,714 sq ft and in layout of four rooms. They had received many inquiries, and will launch them later if there is chance. According to data, The Graces Providence Bay in Tai Po had sold room A of 10th floor in block 3 which has roof swimming pool at HKD 104 million, with sq ft price at HKD 34,385. MARKET PLACE had confirmed renting shopping mall in Mayfair By The Sea I and II, Tian Zhaoyuan said. GRAND AUSTIN had received more than 1,600 applications. As for the first batch and additional units that are totally 209 units of GRAND AUSTIN in Austin Station, application of which will close tonight, source pointed, more than 1,600 applications had been collected until last night. This project will launch 209 units on this Saturday, and each private name applicant can submit two cases of register with each register applying for 2 units; while company name applicant can apply one case for 1 unit. As for the fourth round of 175 units of City Point in Tsuen Wan West Station of which the application will also close today, source pointed, about 1,600 applications had been received until last night. About other first hand property transaction, Sevilla Crest, The Visionary, Park Metropolitan and The Woodsville each sold 1 unit. Hong Kong Resort International Limited sold villa to non-executive director. In addition, Hong Kong Resort International Limited (0480) published, the non-executive director of the group Wangzha Meilong bought one townhouses in two layers which located in Headland Drive Discovery Bay of Lantau Island at HKD 40.5 million from their company. This house will be delivered to buyer after finishing the sales items, and the transaction predicted to be completed before July 30th. The above unit was bought by the company in 1999 for renting, and it has been vacant since last lease expired in 2012. Since they predicted villa renting slows down and the rental return of the property is low base on its market value, so board of directors believed selling this house at market value is a good chance to take back the investment amount and earn the investment return. There is no profit or lose occurred during the sale items, because the book value of the house on this March 31st was registered at market value according to Hong Kong Financial Reporting Standards (HKFRS). Proceeds from sale items will be used for general working capital of the group.
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