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Sun Hung Kai Will Announce the Price of Riva in Beginning of Next Week.

Squarefoot Editor  2014-02-08  18 #Tips For Transaction
(By Liang Yueqin) New projects rising. Lei Ting, the Vice Managing Director of Sun Hung Kai, yesterday expressed the price list of Riva in Yuen Long will be public in the beginning of next week and the application will start soon after, while the first batch will not less than 156 units including 3 rooms units in areas of more than 700 sq ft and over 800 sq ft. They will cooperate with Bank of Chine to launch special property mortgages. Lei Ting pointed, to attract affordable potential buyers, they will cooperate with Bank of China to supply Hibor property mortgage for purchasers of Riva. BOC (Bank of China) Hong Kong supplies domestic securities service, which means customers can use children's or other family members' name as account besides personal securities account, to set different financial target or manage each family members' equity portfolio, and first 18 buyers can enjoy supermarket coupon in value of HKD 3,800. Chen Hanlin, the Agent Assist General Manager of Sun Hung Kai, expressed developer will supply special privilege to Sun Hung Kai club members. Sun Hung Kai opened sample flat of Riva in Kowloon International Commerce Centre to media yesterday, which is room A in 8th floor of building 8 in usable area of 778 sq ft and in layout of 3 rooms with suite and working room. Lei Ting pointed, the first batch also involves this kind of units, of which the floor height is 3.4 meters. The applications for The Golden Gate exceed 0.3 time than quota. The applications for the first batch of 58 units of Chinachem's The Golden Gate in Plover Cove Road of Tai Po closed at 3 pm yesterday, and source told 76 cases received exceeding 0.3 time than quota, while they will be put on sale this morning. According to data, The Golden Gate has 127 units, and the first batch involves 58 units in usable areas sq ft from 637 sq ft to 971 sq ft, with average sq ft price at HKD 14,930. Chinachem will supply discount of 17.5% of the property price at the most. The lowest price in this batch is room C of 3rd floor in building 1, in usable area of 637 sq ft, and its price is HKD 8.451 million, with sq ft price at HKD 13, 267. The most expensive unit is room B in 17th floor of building 1, in usable area of 949 sq ft, and its price is HKD 15,159 million with sq ft price at HKD 15,957. Some investors' Hill Wood 1 in Hung Tso Tin of Yuen Long announced the first price list the night before yesterday, which includes 6 units in usable area of 766 sq ft and the lowest price among is HKD 2.483 million. These units are located in building 33B, 38, 53 and 55, buildings 33B and 38 among are on sale in all 3 layers with 2 ground gardens in usable areas from 2,242 sq ft to 2,322 sq ft and sale prices from HKD 8.506 million to HKD 9.01 million with sq ft prices from HKD 3,663 to HKD 4,059; The underground and 1st floor of Building 53 in usable area of 1,359 sq ft is HKD 6.2438 million, while 3rd floor of it in usable area of 820 sq ft is HKD 2.85 million; Underground and 1st floor of building 55 in usable area of 1,312 sq ft is HKD 5.12 million; 2nd floor of building 55 is HKD 2.493 million. As for other new projects, The Avenue in Wan Chai and Park Metropolitan in Kwun Tong each sold 1 unit, and The Summa in Midlevels West sold 2 units.
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