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New properties cashed in $2.8 ten billion HKD in a day,recorded a new high after the implementation of new legislation

Squarefoot Editor  2013-11-10  #Tips For Transaction
Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum,Chu Yuk Ben)New properties free of taxes is working,especially West Kowloon was most welcomed,three new properties in Kowloon THE AUSTIN,The Long Beach and Park-Metropolitan launch out the sale at the same time on yesterday morning,sold out a total of 165 units,along with other new properties sold out a total of 168 units,cashed in $2.8 ten billion HKD,recorded a new high of one-day sales after the implementation of new legislation.Among of all,THE AUSTIN's extra 100 units all sold within 3.5 hours,The Long Beach's extra 60 units also sold within 6.5 hours,Park-Metropolitan's sale have slowed down,the extra launch of 50 units only soldfive units yesterday. Wheelock director Wong Kong Yiu said THE AUSTIN at the Austin Station launched out the extra 100 units yesterday,begin letting people who have registered for balloting to choose flats sequentially at 10 a.m yesterday,sold a total of 60 units within the first two hours of sale,until 1:25 pm,all units have sold out,cashed in over $2.0 ten billion HKD,mainland buyers accounted for 10% to 20%,the ratio is much higher than the earlier sale,there are a lot of buyers bought 2 units,the last number is No.366.He said,the first period of THE AUSTIN have a total of 576 units,and until yesterday,have recorded 560 units have sold out,accounted 97% of the whole project units,cashed in over $8.2 ten billion HKD,and the remaining units mainly are characteristic households.As for the second period of THE AUSTIN will launch out soon or not,it need to depend on the approve progress of sales paper and refer to the market conditions. The ratio of mainland buyers of AUSTIN rose Reporters arrived at Tsim Sha Tsui The Gateway II lobby at 9:30 yesterday morning,there are about a hundred real estate agents and prospective buyers attended and waiting for the first 60 tickets,buyers including people from mainland,there are a female buyers who said after chosen the flats,thinking that this property have a reasonable price.THE AUSTIN yesterday's launch of sales mainly based on 3 and 4 bedrooms units,with saleable Area from 463 to 2,774 sq.ft,without counting with the discounted price,priced at $9.7 million HKD to $1.2127 ten million HKD. As for the Tai Kok Tsui The Long Beach launched out the extra 60 units on sale at 10:00 am yesterday,reporters who are at the scene of current sales office saw there are a lot of buyers queuing and enter the sales office,and the order is good.Hang Lung Properties Group Communications Assistant Director Kwun Chik Fai said,as of 12:00pm,the sale of the Long Bech opened less than three hours,have confirmed that it sold a total of 51 units.Subsequently to about four o'clock yesterday afternoon,the spokesman of Hang Lung Properties Group said the project's 60 units have all sold out,cashed in $5.5 billion HKD,together withe the first batch of 80 units which launched out before,two batches of sale cashed in a total of $1.2 ten billion HKD. "Personal vote" accounted for 99% of The Long Beach Kwan Chuk Fai said buyers have an enthusiastic response on this sale,and there are a larger number of visitors,many of them are come together with their family.60 units received a total of 900 entry tickets,which means there are 15 times over--subscribed.Most of the tickets are " Personal vote",accounted for 99% and almost no 'vote with company name'.He pointed out that the reason why this property was welcomed by buyers is because of all of the units with a sea-view,coupled with the property only built for a few years,also provided two and three bedrooms units,provided sufficient choice for any kind of buyers. He also said that the third batch of 60 units which will launch out on this Wednesday,in the future will depend on the market reaction and then consider of the price increase. As for other new properties,The Graces • Providence Bay,Park Signature and Imperial Kennedy sold a unit respectively. The Hemispheres in North Point 3.6 times over-registration As for the deployment of other new properties,two single buildings project of Imperial Kennedy in Western of Hong Kong Island and The Hemispheres in North Point are evenly matched,of which Henderson land The Hemispheres in North Point have launched out the sale of first batch 30 units this morning,as of 9:00 pm yesterday received a total of 140 votes,3.6 times over-registration.The developers launched out 28 extra units on sale at an original price yesterday night,after preferential discounts,price at an average of $26,113 per real sq.ft,will launch out a total of 48 units on sale in Tuesday morning.As for the Sino Land launched out the extra 15 units in an original price last night,also revised the first price list,The Cullinan cancelled 1% discount,and signing provisional agreement before 15th November will receive 2% discounts extended to 30th of this month,also will be on sale in Tuesday afternoon.
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