South Crest launched at sq ft price of HKD 11,000.

（By Liang Yueqin） First hand projects in New Territories are still in hot selling. Chinachem uploaded the brochure of South Crest in Castle Peak Road of Tuen Mun the day before yesterday and relaunched the price list of its last 20 units last evening. The average usable area sq ft price is HKD 10,988 and the lowest price is HKD 8.879 million for a unit in 935 sq ft. The prices of these units are much the same with those announced before the Ordinance implemented but there is no privilege of free parking slot this time. Each buyer can choose one parking place at sale price of HKD 450,000. The selling will be on next Thursday when will be the Mid-Autumn Day at the soonest. Chinachem will not offer free parking slot is because the cost for carport has already involved in the house price, such as buying 4 rooms units of Park Signature in Yuen Long which is another new project in same district earns free parking slot, while buyer need to pay 3.75% of the price as stamp duty for the involved parking place, insider pointed. Customer only just need to pay 1.75% of the price for carport stamp duty when it is on sell separately. It is what Chinachem does currently. As for other new projects, 1 feature large unit of Bayview in To Kwa Wan which is room A in 48th floor with the usable area of 1,287 sq ft was sold at HKD 38.6 million yesterday, according to market source and data on Sales of First-hand Residential Properties Electronic Platform. 2 units of the Rise in Tsuen Wan and 1 unit of the Reach in Yuen Long are sold. Ready flats of The Graces will be opened today. In addition, The Graces which is the phase 3 of Providence Bay in Tai Po developed by Sino, Nan Fung and Wing Tai will be opened its 6 new ready flats in building 7 and building 8 for public today and the latest sale arrangement will be announced in the beginning of next week. More than 100 groups of customers have made appointment for visiting until 5:00pm yesterday, expressed by Tian Zhaoyuan, the Associate Director of Sales Department of Sino. Besides, above 40 applications have been registered for the latest 68 units of Park Signature in Yuen Long which will be put on sale by plan tomorrow. This project has sold 493 units in 2 weeks since it was opened taking in about HKD 1.8 billion.

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