Sino-Ocean raises prices and pushes Mong Kok Qianwang

The trading atmosphere in the property market recovered, and developers took advantage of the momentum to increase units to attract gold. Qianwang’s Mong Kok redevelopment project developed by Sino-Ocean has launched the No. 3 price list, involving 13 standard units, with a discount of 4.54 million to 7.78 million yuan, and an average price of 24,835 yuan per square foot. The developer stated that the 1% to 2% price increase will increase the price of units and will be put on sale on Friday (30th).

13 units sold at an average price of 24,800 per square foot on Friday

Zhang Shiyun, Director of Sales and Marketing of Sino-Ocean Group, said that Mong Kok Qianwang recently launched the No. 3 price list, including 3 open-plan units, 8 units with 1 bedroom, and 2 units with 1 bedroom with study room. The area ranges from 172 to 319 square feet. The price is 5.28 million to 9.05 million yuan, the highest discount is 14%, the discounted price is 4.54 million to 7.78 million yuan, and the average price per square foot after discount is 24,835 yuan. It will be on sale this Friday.

Zhang Shiyun continued that the newly-launched price list takes into account factors such as floor views, and the price increase is about 1% to 2%. It is believed that the project will be welcomed by users and investors. In addition to the introduction of tiered standard units, the project's characteristic units will also be tendered, including 6 units with platform characteristic units and 4 units with roof characteristic units, with an area of 151 to 295 square feet, and no guideline price will be set.

Yang Leyu, the executive deputy general manager of Sino-Ocean Group in Hong Kong, pointed out that Qianwang Lei sold 53 units, accounting for about 90% of the saleable units, with an average transaction price of about 23,683 yuan per square foot, and cashing out more than 300 million yuan.

No. 8 foot of Deep Water Bay Drive at 82,000 yuan

First-hand luxury real estate properties are sought after by the market, and high-priced transactions have been achieved. Nan Fung Development’s No. 8 Deep Water Bay Drive, Shouson Hill, has just recorded a transaction for Unit C on the 8th floor of Block 2, with an area of 4,214 square feet, priced at about 345 million yuan and 82,000 yuan per square foot, without parking spaces. The unit set the highest price per square foot in the South District, second only to the highest price per square foot set by the 15C of Block 2 in April of the project. It is reported that the project temporarily sold 17 units and cashed out about 4.537 billion yuan.

On the other side, Han Jiahui, general manager of Henderson's agency business (2) department, said that Xihuan Yilifang No. 1 recorded a new high per square foot of the project, which came from Room K on the 31st floor, with an area of 286 square feet and one room interval. The transaction price was 10.52884 million yuan. , The transaction price was 36,813 yuan per square foot. So far, 189 units have been sold, accounting for more than 92% of the 205 units available for sale, and more than 1.65 billion yuan has been cashed out.

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