（By Liang Yueqin）
The tax return promotion of two luxury projects in Kowloon pushed the transaction. Source told, THE AUSTIN on Austin Station, which nearly half cheaper than The Cullinan on Kowloon Station, closed last night, receiving about 3,100 applications which is 16.7 times of the 185 units will be put on sale tomorrow, to be the hottest new project this year. New projects competition gets more fierce. Kwun Tong developed by Sino and URA (Urban Renewal Authority) and Sun Hung Kai's Imperial Kennedy in Belcher's Street 68 of Sai Wan uploaded brochures yesterday.
Wu Zhongquan, the executive director of Wheelock, one of the developers of THE AUSTIN, had no direct respond but only said to check the market reaction, when asked if satisfied with the application yesterday noon. Market source told famous people Pamela Peck also applied for house of THE AUSTIN.
Market source told famous people Pamela Peck applied for house of THE AUSTIN.
It is known that, THE AUSTIN additional launched 70 units after the first batch of 116 units which at average sq ft price of HKD 22,871. These 70 units are located in T3 and T3A of building 3 and T5 and T5A of building 5, in areas from 418 sq ft to 1,002 sq ft and the sq ft prices are from HKD 20,934 to HKD 27,514, with average sq ft price at HKD 24,149, higher about 5.6% than first batch. The 2% discount for buyer who purchases at or before the end of next month is canceled among these additional launched units, which means buyer's total privilege is decreased to 17.5%-18.5%.
Tiao Zhaoyuan, the Associate Director of Sino, expressed the brochure of Park Metropolitan in Kwun Tong was uploaded to Estate Agents Authority and project website yesterday, printing form of which can be claimed 24 hours in Tsim Sha Tsui Centre. This project supplies 299 units with usable areas from 457 sq ft to 1,345 sq ft. Sun Hung Kai's Imperial Kennedy in Belcher's Street 68 of Sai Wan supplying 161 units has uploaded brochure and estimated to be put on sale immediately after The Cullinan, according to Sales of First-hand Residential Properties Electronic Platform (“SRPE”).
The Long Beach relaunched 366 units.
In addition, Hang Lung Properties' The Long Beach in Tai Kok Tsui suddenly relaunched 366 units the night before yesterday at sq ft prices between HKD 13,700 and HKD 20,000, with average sq ft price HKD 16,500 closes to second hand property price, and the most price cut among its many privileges is up to 18%. The lowest price for unit of this project is HKD 6.34 million, and the 40 units of the first batch will be put on sale on this Sunday. As for other new projects, Park Signature in Yuen Long sold 3 units yesterday while the Reach in same district sold 2 units, according to market source and SRPE.
