Selling slow down; The Woodsville only sold 11 of the additional launched units.

Property market is in strong atmosphere of wait and see. First hand property selling still dull even though developers attract customers by privilege of offering parking place as gift. According to first hand property sales information network and market source, only 14 units of first hand property sold yesterday. New World’s the Woodsville in Hung Shui Kiu additional launched 26 units while only 11 sold in first day. 2 units among are ground style with garden. The Reach in Yuen Long which is developed with Henderson and in same series sold 3 units. 　 According to first hand property sales information network, the Woodsville sold 11 units in total until 16:30 yesterday. Source told, the project has launched 185 units until now and has sold 156 units since put on sale 3 weeks ago. The quantity of sold unit takes more than 80% of all available units and the average sq ft price of all sold units is about HKD 8,000. The average sale price is about HKD 5.4 million. The project has took in cash about HKD 0.85 billion until now. Kadoorie Hill sell the last stock units today. As for Wheelock Properties’ Kadoorie Hill in Prince Edward Road West which supplied price list last Tuesday put on sale the last 4 units today by first come first served. These units are room D, E in 7th floor with usable areas in 1,102 sq ft and 1,104 sq ft and at sale prices of HKD 24.9 million and HKD 23.4 million. The other two units are duplex properties of room C in 23rd floor and room D in 35th floor. The areas are separately 2,163 sq ft and 2,165 sq ft and the prices are separately HKD 69.8 million and HKD 70.8 million. Among, room D in 7th floor was at HKD 23.1 million last November and the price is increased by 7.8% this time. Club Wheelock member can enjoy 1% discount. Developer offer 4% discount for cash payment and 360 days payment term (as price list) for buyers. . Sino sell 400 parking places in West Kowloon on first day. In addition, Sino put on sale parking places in Park Avenue and Central Park yesterday. Buyers are all owners of the projects and buy for own use. Source told, 400 units of parking place sold in first single day and they overfulfilled the sales task. The market estimated they took more than HKD 0.5 billion cash in. Source told, one of the owners bought 3 parking places by more than HKD 3 million.

28hse - No.1 HK Property Portal Squarefoot - HK Premium Property Portal