The ADD1+1ON additional launched 28 one-bedroom houses with mark up of 2%. The Consonance may additional launched more with mark up on Thursday.
(By Liang Yueqin)
In the first quarter of this year, new project pricing was low and 5,500 houses were sold, the latest highest in two-and-a-half-year, while developers aim to prices rather than quantity after entering to the second quarter. Henderson's The ADD1+1ON in Cheung Sha Wan additional launched 28 houses at discounted average sq ft price of HKD 20,708 yesterday after the firstly launch of 50 houses at discounted average sq ft price of HKD 20,850 last week, the mark up for one-bedroom house among is about 2%, and the discounted lowest price for one-bedroom house in 277 sq ft is HKD 5.452 million. Henderson Chairman Lee Shau Kee’s private property The Consonance in North Point plans to additional launched with mark up before the first round sales on this Thursday, in order to prepare for the second round sales.
The ADD1+1ON in Cheung Sha Wan additional launched 28 houses yesterday, including 23 in one-bedroom and 5 in two-bedroom that firstly launched, which are in usable areas of 277-479 sq ft and at prices of HKD 5.926 million to HKD 10.119 million, with an average sq ft price of HKD 22,508, while developer maintains the highest discount of 8% for immediately mortgage payment, so the discounted prices are about HKD 5.452 million to HKD 9.309 million, with the discounted average usable area sq ft price at HKD 20,708.
According to the price list, the newly added one-bedroom house room C in usable area of 277 sq ft on the 9th floor is HKD 6.141 million, with the sq ft price at HKD 22,170, a mark up of about 2.35%, compared with neighboring room D on the same floor of same area and building orientation that was launched in the first batch last week, which was HKD 6 million and at sq ft price of HKD 21,661.
The Consonance has collected 270 applications, exceeding 2.75 times of the quota.
Henderson Land chairman Lee Shau Kee’s private project The Consonance in North Point also plans to additional launch more. This project is hopefully to additional launch before the first round sales on this Thursday, with mark up possibility, but it is stressed that the increase will be restrained, and the second round predicted to start after the Ching Ming Festival, the deputy general manager of sales department (2) of Henderson, Han Jiahui expressed.
He pointed, about 270 applications had been collected for the first round, an oversubscription of 2.75 times base on the first batch of 72 houses that will be launched on this Thursday, and the market price of these 72 houses is about HKD 510 million.
In addition, the first 5 buyers who purchase through Midland Realty will receive a smart home audio and video discount in a total value of HKD 100,000. Current applicants through their company are 40% from investors and 60% from users, with young buyers at the generation after 80s and 90s accounts for about 70%, the chief executive officer of residential department of Midland, Bu Shaoming expressed. He also pointed, the current sq ft rent of occupied projects of Henderson same series in same district is about HKD 75-90, and he thought high of The Consonance’s sq ft rent after occupy.
The Horizon sold 5 houses by bidding, cashing out more than HKD 54 million.
About first hand property trading. SHKP sold room A on the 17th floor of Babington hill in Mid Level West District by bidding yesterday, at transaction price of HKD 41.72 million and sq ft price of HKD 40,000, which is platform featured house in usable area of 1,043 sq ft and joining with platform in 61 sq ft. New World sold one high-rise three-bedroom houses from Fleur Pavilia in North Point yesterday, which is room C on the 28th floor of block 2 in usable area of 1,066 sq ft, and the transaction price was HKD 40.98 million , with sq ft price at HKD 38,443. It is reported that buyer chose the newly add full range 720 payment plans, and can choose to enjoy "early check in offer."
Billion Development successively sold 5 houses from The Horizon in Pak Shek Kok, Tai Po by bidding yesterday, which are standard houses in block 1 and 2 of CourtB and block 1 of CourtD in usable areas from 504 sq ft to 1,533 sq ft, and the transaction prices were HKD 7.11 million to HKD 24.504 million, with sq ft prices from HKD 13,833 to HKD 16,141, cashing out more than HKD 54.72 million on one single day.
