Hong Kong's Wen Wei Po (Reporter Chui Yuk Ben,Leung Yuk Cum)The developers cut the price of the sale is working,Sun Hung Kai Properties have cut at about 40% of the price then relaunched the sale of Riva in Yuen Long and recorded hot-sale.The developer start balloting at 10:00am yesterday morning,arranged the priority on choosing flat,then launched out the sale of second-batch of 85 standard units,the news referred to as of 4:00pm,all the units have sold out within six hours.This property have sold 147 units in total since the re-launch of the sale last Tuesday and 20 special units will be on sale this morning.Together with other new property sales,there are a total of 114 units from new properties sold yesterday.
Riva launched out the sale of 85 standard units yesterday,which located in Block 6 Inna Avenue and Tower 7 of Phillips Avenue,the utility area from 450 feet to 1,087 feet,priced from HKD $4.562 million to HKD $1.0286 ten million,the price of HKD $8,439 to HKD $10,816 per sq.feet respectively.Riva provided three payment methods,the cash payments can receive 5% discount of the price,the Club members of SHKP can receive a discount of 3% of the property price and 4% of the property price of the furniture coupons,as for the buyers who signed signed provisional sale and purchase agreement on or before March 31 this year can receive a 70% cash rebate of stamp duty payable.Buyers who have chosen the cash payments and flexible payment plans,can receive the highest 70 percent of eligible stamp duty over the loan,if buyers do not need eligible stamp duty over the loan can receive voucher which worth of HKD $3,000 to HKD $5,000.Three kinds of payment methods offer different levels of second mortgages to help the buyers.To facilitate the buyers of changing flats,the buyer,the property sale offers flexible payment plans provide an early check concessions,but the buyers are subject to the terms and the property prices can't be less than HKD $6.0 million.
2-bedrooms units which restricted to sale to Hong Kong people have sold the fastest
The units which launched on sale yesterday,of which nine units are only restricted to sale to Hong Kong permanent residents,all the 2-bedrooms units are located in Flat C,Tower 6,Inna Avenue,have increased 2% of the price,with an admission price of HKD $4.562 million.This batch of two bedrooms units sold out the fastest,followed by three-bedrooms units which located in Flat B,Tower 6 of Inna Avenue and Tower 7 of Phillips Tino Avenue and then is the units which located in Flat A,Tower 6 of Inna Avenue and Tower 7 of Phillips Tino Avenue.
Reporters on the scene of the sales office in Yuen Long have seen,although the cold weather with rain in the morning,there are still many buyers queuing in the sales offices before 9:00am.Centaline Asia Pacific president,Mr Chan Wing Kit said that the attendance of the buyers from Centaline up to 80%,most of the buyers are for home-use and most of them have missed the first batch of sale and come
again,probably due to the hot sale in the first time and convey a positive message to the market.
DSD Tax subsidies in order to attract buyers to buy the units for investment
The prospective buyers Mr.Lee and Mrs.Lee who have drawn out a No.3 chip,said the property price of Riva is reasonable,coupled with the developers subsidies the DSD tax,so they have spent more than HKD $4.0 million to buy a two-bedroom unit for investment,also they are now living in Yuen Long too.They refer to unclear about the impact of passed through "the spicy move" on the property market and also do not know whether the property prices will fall or not,if the developers do not subsidize the DSD taxes,they will consider to buy another properties.
As for other new properties,supported by the mansions in Hong Kong Island mainly, Nan Fung cut the price and launched out the sale of Winfield Building in Happy Valley and then sold 4 units.Serenade in Tai Hang also sold duplex households which located in 38/F and 39/F,with 1,991 feet of usable area,the price of the list price is HKD $6.8042 ten million,with a real sq.ft price of HKD $34,175.The Summa of Kerry Properties Limited which located in the West of Mid-Levels also sold two units,the buyers are the related parties with the developers,the transacted units including Flat B,28/F,Tower 1,with 954 feet of salable area and sold in a discounted price of HKD $2.382294 ten million and Flat A,28/F,Tower 2,769 feet of salable area,with a discounted price of HKD $1.8692 ten million.Argenta of Swire Properties which located in No.63 Seymour Road sold a unit which located in 26/F with a parking space in an discounted price of HKD $7.2417373 ten million,this unit with a salable area of 2,182 feet and the real sq.ft price of HKD $33,189.
