( reporter Yan Lun-yue) Many new projects prepare to launch to the market including The Reach in Yuen Long cooperation developed by Henderson Land and New World, OCEAN ONE in Yau Tong, Yumen．Qian in Kowloon City etc. The whole new project market in strong wait and see atmosphere and made about 150 deals in two days, but 70% of them are from Century Gateway in Tuen Mun Station so the exact new project deals was dull. According to the developer, Century Gateway's sale nearly the end and sold about 81 units again yesterday. In current, it has sold above 1,000 units which take 97% of the whole project taking HKD7 billion cash in.
Century Gateway sold more than 1,000 unit taking HKD 7 billion cash in
Sun Hung Kai deputy managing director Lei Ting said, Century Gateway nearly be sold out. There are more than 1,000 units sold which take 97% of the the total project of 1,075 units taking about HKD 7 billion cash in. It is said that, the average sq ft price of the sold units is about HKD8,900 and now only about 30 to 40 units mostly feature units left for sale. Also, Sun Hung Kai will publish the sale arrangement for other new projects in same series this week.
Sun Hung Kai deputy assistant general manager Hu Zhi-yuan told, the group will apply the presale license for phase 2 of Century Gateway in this month at the soonest and estimated to launch it after the next Chinese New Year. The phase 2 composed by 3 buildings supplying about 1,000 units. He added, Century Gateway buyers major from New Territories northwest district which take 60% of the total buyers and 5% are businessmen between HK and mainland. 60% of the buyers choose cash payment and about 25% to 30% buyers among these cash payment buyers even choose all cash full payment . It shows the same district buyers have accumulated enough purchasing power.
Mainland buyers take 4 unit of Providence Peak
In addition, Sino group sale department associate director Tian Zhao-Yuan said, their project in Tai po which is phase 2 of the Providence Peak sold 17 unit in the past 2 days include 4 units took by a mainland buyer. Developer addition launch Sky Terrace unit in building 11 the days before in cover area 1,688 sq ft at sq ft price HKD12,749. Room A in building 2 of The Dynasty which in same series also sold. It is in cover area 1,592 sq ft and sold at HKD16.8 million at sq ft price HKD10.552 which make new highest peak during the floor units.
Actually, the units sold in past two days are all "stock units" and current market focus on some brand new projects. The largest scale project of them is The Reach in Yuen Long cooperation developed by Henderson Land and New World supplying about 2,580 units and will offer price this week at the soonest. The first batch estimated include 100 three rooms units at sq ft price about HKD9,000. And OCEAN ONE in Yau Tong also sale units at top speed. It grab off the opportunity to publish the price list for first batch include 52 units at average sq ft price about HKD10,326 days before. Yumen．Qian in Kowloon City developed by Chinachem put on sale in short term too. Market source tell, the sale price of it will be HKD12,000 to HKD13,000. As for Amalfi in Discovery Bay developed by HKR International Limited, it is said that there are 20 units reserved in record. It can be predicted that the new project market will have fierce competition in the following days.
