(By Huang Jiaming)
Local developers hurry to launch new property to catch their target. Facing government refusing to cancel strict measures, Sun Hung Kai took first to return tax cost for buyers of The Cullinan in Kowloon Station, while The Austin in Austin Station of Kowloon was put on sale at the cheapest price in the district. New World's the Riverpark in Sha Tin and Park Signature in Yuen Long were being put on sale on same day yesterday, when Henderson held house selection for High Park in Mong Kok. The sale data hadn't update before the deadline of this report. Cheung Kong yesterday sold 3 more units of the Rise in Tsuen Wan. yoo Residence in Causeway Bay sold 1 unit yesterday, with selling still dull.
Another market focus The Austin on top of Austin Station in Kowloon is receiving application from yesterday to Thursday, and will hold the draw lots on Friday, with opening sale on Saturday. Market source pointed, the project had received nearly 300 applications until last night. Developer expressed, more than ten thousands of person-time visited yesterday and would discuss with partner about additional launching considering the feedback on weekend.
70 units additional launched while 2% privilege canceled.
Huang Guangyao, the executive director of Wheelock, expressed yesterday that The Austin developed by New World and MTR announced the sales arrangement yesterday and is receiving application from yesterday till Thursday, while the draw lots on Friday and opening sales on Saturday. The sample flats located in The Gateway was opened at 13:00 pm yesterday, and about ten thousands of people visited on single day. In addition, Yang Wen, the Sales and Market Director of New World, expressed some 3 rooms units among the 70 houses additional launched yesterday were slightly marked up, besides canceling the 2% of special privilege.
The site was crowd and some agents were promoting to the people who drove to the mall. A potential buyer Mr. Ding live near Kowloon Station, expressed want to change house and went to know more on site seeing there are more privileges for first hand property, although he believed the strict measures affect the property market. He believed the property market will not slump under most people's housing demand. Vistor Miss Huang while expressed, the current property price is so high that medium class can't afford to. Property market must declines when US delisting, interest rising and mainland economic changing, so current market is risky, not suitable for housing investment.
Sino and Chinese Estates Holdings Limited sell parking lots in same time.
Sun Hung Kai chose 200 applications yesterday of The Cullinan on Kowloon Station who was the first to return tax cost, and will hold house selection today. Market estimated the selling would be affected by The Austin being launched at cheap price. Wing Tai Properties Limited also officially put on sale the 29 stock units of The Warren in Tai Hang this noon.
While Regent Hill in Happy Valley suddenly canceled the sales which would be held yesterday, being the first new project suspended after the Residential Properties(First-hand) Sales Ordinance implemented. Yesterday, developer put up the announce to delay the selling because of market situation outside the door.
Developers put on sale parking lots to being cash in under the slow selling of new houses. Sino put on sale the parking lot to owners of Lake Silver yesterday. They are about 270 units at prices between HKD 14.6 million and HKD 16.6 million. Each owner is limit to one parking lot on the first day selling. Developer pointed, more than 170 parking lots sold on first day, and the remaining 100 units will be put on sale at 12:00 this noon by first arrive first served. At the same time, buyer of room A in 43rd floor, or room C of 43rd floor, or room A of 45th floor or room B of 45th floor of Chinese Estates Holdings Limited's One WanChai in Wan Chai, can purchase parking lot at favorable price of HKD 18 million.
