（By Liang Yueqin）
Sun Hung Kai additional launched 30 flats of The Cullinan in Kowloon Station, seeing the selling of stock houses were hot under price cut. At the same time, The Graces Providence Bay in Tai Po , which put on sale the second batch of 30 units on yesterday morning, only sold 9 houses, obviously less than the 29 flats that dealt in one hour last Friday of the first day. New World additional launched again 167 units of Park Signature in Yuen Long last night , and will firstly launched 124 houses at average sq ft price of HKD 9,087 on this Saturday, the open style flats among are marked up by 2%.
There were many people waiting for sample flat visiting in the underground lobby of The Cullinan phase 6 in Kowloon Station yesterday. Sun Hung Kai took the hot selling advantage to arrange 30 houses to be selected on Saturday, making available houses up to 60 units, which will be 33% of the first plan of 181 units. They also increased the quota of limit to Hong Kong permanent residents of 8 units into 38 units, and decrease the privilege of free stamp duty to foreign buyers. About 500 applications registered in the past three days, market estimated.
The Cullinan will additional launch 30 units to the market on Saturday.
The Graces Providence Bay developed by Sino, Nan Fung and Wing Tai Properties Limited in Tai Po put on sale the second batch of 30 houses at 11:00 am yesterday as first arrive first served, some mainland people visited during this term. 7 units of The Graces sold in the first one hour, of which the first flat was purchased by a buyer who had bought house in the first batch, and the project had sold 9 units in full day at average sq ft price of HKD 14,286 taking nearly HKD 180 million in, with total 39 flats sold and more than HKD 800 million took in until now since it opened on last Friday, expressed by Tian Zhaoyuan, the Associate Director of Sino.
The most expensive Seaview mansion room A of 6th floor in building 3 listed on the second price list was sold in the first hour at HKD 43.7532 million with average sq ft price of about HKD 19,437, after the discount of 4% for 90 days cash payment and extra 2% discount for Sino Club members, He expressed. In addition, rooms C and D in building 7 in layout of 3 rooms and 1 suite listed on the second price list were almost sold out. Buyers are majorly local families for own occupation. The Graces will put on sale the third batch of 30 units at 11:00 am today as first arrive first served.
New World Members enjoy 10% discount buying unit of Park Signature.
New World additional launched 167 units of Park Signature in Yuen Long yesterday at average sq ft price of HKD 8,912, and will put on sale totally 124 units on this Saturday by draw lot at average sq ft price of HKD 9,087; Open style flats among is HKD 10,745 in average sq ft price, adding 2% than first launching. The units in building 2 are launched firstly. Besides, room A of 27th floor in building 6 is connective house at sale price of HKD 23.088 million with the sq ft price at HKD 16,658, which is the peak of the project. Developer supply New World CLUB members extra 3% discount, plus with 7% discount for 90 days cash payment or 5% discount for 180 days payment, the privilege will be 10% at the most. Buyers also gain cash coupon of K11 Art Mall and K11 Design Store. Park Signature has sold 674 units until now taking nearly HKD 2.6 billion in.
Other new projects, the Rise in Tsuen Wan and the Reach in Yuen Long each sold 2 units; Park Signature in Yuen Long, Azura in Midlevels West, RESIDENCE in Yuen Long, Sevilla Crest in Sham Shui Po each sold 1 unit, according to source and Sales of First-hand Residential Properties Electronic Platform.
