(By Liang Yueqin and Su Hongqiang)
Property suit to first housing people is hot. Yesterday, Cheung Kong suddenly published to put on sale first batch 38 units of VIVA in Ma Tau Wai Road Hung Hom at price lower to market price, the sale prices of which are from HKD 5.01 million to HKD 8.93 million. Developer provides discount up to 13%, making the lowest price for one room unit in 331 sq ft at HKD 4.36 million and for two rooms unit in 487 sq ft at HKD 6.365 million, with usable area sq ft price start from HKD 13,070, 27% lower than the usable area sq ft price of new project AXIS in same district.
The first batch of VIVA are lower than market price because the land cost is lower since it was bought years ago, Cheung Kong Executive Director Zhao Guoxiong expressed yesterday. He believed, currently, Hong Kong economy is good and it is still in low interest environment, besides the demand for property suit to first housing people is huge, so this style house will be in good sale, and Cheung Kong will put on sale Stars By The Harbour in same district next. . VIVA's sq ft price of the cheapest unit is about 30% lower than the floor sq ft price of new project in same district, brochure of which has uploaded to Sales of First-hand Residential Properties Authority (SRPA) website yesterday, and it will be put on sale next week at the soonest, besides the market value of its first batch 38 units is about HKD 260 million, Cheung Kong Senior Sales Manager Feng Hailun expressed.
Discount in 13%; Sale to start next week at the soonest.
According to the price list, these 38 units are 25 in one room layout and 13 in two rooms layout, which in usable area from 323 sq ft to 487 sq ft and at sale prices from HKD 5.01 million to HKD 8.93 million, with sq ft prices from HKD 15,023 to HKD 22,495. Developer provides cash payment discount, stamp duty allowance and other discount in total up to 13%, making the sq ft prices low from HKD 13,070 to HKD 19,570 and the average sq ft price at HKD 15,561, while sale prices from HKD 4.359 million to HKD 7.769 million, the lowest sq ft price of which is 27% lower than the floor sq ft price at HKD 17,910 from the first batch in Hung Hom AXIS that Henderson put on sale last month.
Yesterday, market source spread VIVA would give big buyer pre-emptive right, while Cheung Kong spokesman responded sale will base on sale arrangement and they will let potential buyers who purchase two units or more choose prior.
Other new projects are also hot. The registration for the first 38 units of Sun Hung Kai's Ultima in Ho Man Tin closed yesterday, and source pointed 323 cases received, exceeding 7.5 times than the quota. Both this project and the relaunched 15 units of Hung Hom Homantin Hillside will be put on sale this morning.
Corinthia by the Sea got more than 6,600 registrations.
Tsueng Kwan Corinthia by the Sea developed by Sino and K.Wah launched its first batch and additional launch units in totally 388 units, registration of which close today and sale will start tomorrow. Source pointed, more than 6,600 registrations have been collected until last night, exceeding 16 times of the quota. Registration will be more, the Sale Department Associate Director of Sino Tian Zhaoyuan predicted. He pointed, villa project Botanica Bay in Lantau Island sold 2 in one week, and the latest one is No.15 house in usable area of 4,191 sq ft, which bid at about HKD 100.6 million and was sold at about HKD 85.528 million after 15% discount, leading sq ft price to HKD 20,408. This project has sold 4 houses taking in more than HKD 400 million since it open.
New World's The Masterpiece in Tsim Sha Tsui sold its room B in 62nd floor at HKD 131 million yesterday, which is feature flat in layout of four rooms with three suites, and its sq ft price is HKD 44,371 base on usable area of 2,969 sq ft, up to the latest peak in this project after the Residential Properties(First-hand) Sales Ordinance implemented.
