（By Liang Yueqin）
New projects get into hot sale again. The application for the first batch plus with additional launched units which are totally 102 units of Kowloon Development's MacPherson Residence in Mong Kok closed at last 8 pm, and they are put on sale this morning. Source pointed, more than 400 applications finally collected, 3.9 times of the quota. Cheung Kong and Nan Fung's City Point in Tsuen Wan will close the application for its first batch plus with additional launched units which are 591 units at 4 pm this afternoon. Source pointed, about 13,000 cases had been received until last 8 pm, nearly 22 times of the quota, and it froze market funds of about HKD 1.95 billion. Hong Kong Resort International Limited will pricing POSITANO in Yi Pak Wan Discovery Bay today, with the first batch including at least 50 units, and developer will supply tax privilege and long transaction term to attract customers.
City Point received excess applications of 21 times.
The sales of first 591 units of City Point in Tsuen Wan gets on the right track, and the application will be end at this 4 pm, since the market reaction is great, so they will mobilize staff in each department to help with the sales tomorrow, expressed by Liu Qiwen, the Investment Director of Cheung Kong. Among the 591 units, two rooms flats, three rooms flats and four rooms flats are respectively 191 units, 320 units and 80 units, at prices from HKD 5.352 million to HKD 13.155 million and sq ft prices from HKD 9,062 to HKD 14,393, and the cash payment discounted prices are from HKD 4.509 million to HKD 11.083 million base on the most discount of 15.75% for cash payment.
They will publish the prices of the first batch which will at least be 50 units of POSITANO in Yi Pak Wan Discovery Bay today, styles of which are three rooms units and four rooms units from about 1,400 sq ft to about 1,700 sq ft, and these units will be put on sale next week at the soonest, while developer will supply tax privilege and long transaction term to attract customers, pointed by Chen Xiuzhen, the Assistant General Manager of Hong Kong Resort International Limited. She added, ready sample flat will be opened to visitors by appointment today, and will be showed to public tomorrow. There had investors inquired this project, taking nearby Amalfi as example, the monthly rent of one general floor style units in 1,500 sq ft is HKD 70,000, in rate of rental return of 4.4%, and rate of rental return of other three rooms units and four rooms units in Amalfi also can up to be 3.8% and 6%, so it is estimated there will be users and investors purchasing units of this project, with users may buy more than 1 unit,she pointed. POSITANO has 17 residences including 102 units in usable areas from 1,398 sq ft to 1,949 sq ft.
Source spread 39 Conduit Road sold 1 unit at HKD 73.55 million.
As for transactions in other first hand projects, source pointed, 11 first hand property transactions made yesterday, and market spread 39 Conduit Road in Midlevels West sold its room B in 9th floor which is in usable area of 2,123 sq ft at price list price of HKD 73.55 million. Park Signature in Yuen Long sold 2 units, while The Visionary in Tung Chung, The Altitude in Happy Valley, Lions Rise in Wong Tai Sin, The Summa in Midlevels West, EIVISSA CREST in Sai Ying Pun, Sevilla Crest in Sham Shui Po, and Double Cove in Ma On Shan each sold 1 unit.
