2024-04-29 Squarefoot Editor
(Leung Yuet-kam) Developed by Sino Land, K. Wah International, China Merchants Land and the MTR, 130 units of Villa Grada III in Lohas Park, Tseung Kwan O received an enthusiastic response upon its Wednesday launch. With a discounted average price of HK$16,938 per square foot, Sino Land executive director Victor Tin Sio-un said that more than 1,000 inquiries were recorded after prices were unveiled. He added that showrooms would be open to the public from today, and pre-sale cheques collection from tomorrow, and sales launch next week at the earliest, with possibilities of price increases and more units to be unveiled this weekend.
To draw buyers to the project, Centaline Property Agency will provide incentives to buyers. According to Centaline director Sandia Lau Ying-lam said that the first five buyers who purchase a one- or two-bedroom unit in Villa Garda III through Centaline Property from now until 31 August and rent it out via Centaline Property will receive a lease management service coupon provided by Centaline Surveyors, valued at HK$8,800 each, with a total value of up to HK$44,000.
The Coast Line I breaks record
CK Asset’s The Coast Line I received an enthusiastic response, receiving more than 5,000 pre-sale cheques for 219 units on Sunday, oversubscribed by nearly 22 times. The average price of the units is HK$15,939 per square foot, with discounted prices starting from HK$3.65 million. Pre-sale registration will be closed at 6pm today.
Kwok Tsz-wai, the Group’s chief manager of sales, said developers are opting to set low prices for new projects due to a bearish sentiment, weak investment climate and Hong Kong’s recovering economy. Following the launch of The Coast Line II’s first price list, all standard units – priced at HK$14,997 – were sold out. Immediately after the launch of The Coast Line I’s first batch of units, at a discounted average price of HK$15,250 per square foot, market response was equally enthusiastic, suggesting buyers’ preference for new, cheap, sea-facing flats in urban areas. It is expected that more than 10,000 new flats will be launched in the second half of the year, fuelling the flat sale battle of Hong Kong developers.
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| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 Days |
Golden Top Listing Higher position than Normal listing 2-3times better performance | HKD: 3000 (or Hsemoney:3000) | Valid: 60 Days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 Days |
Golden Top Listing Higher position than Normal listing 2-3times better performance | HKD: 3000 (or Hsemoney:3000) | Valid: 60 Days |