After government announced the enhanced development plan in North East New Territories, the Woodsville in Yuen Long which had uploaded the brochure on Tuesday immediately launched the first 50 units at market price last night, with the average usable area sq ft price at HKD 9,535 and the admission fee at HKD 4.689 million. Source told, the units will be put on sale next week. In addition, Bayview in Ma Tau Kok also announced to additional launch 48 units at original price yesterday with the admission fee at HKD 6.9 million.
The sq ft price of the first batch of 50 units is HKD 9,535.
According to the price list, the first batch of 50 units in the Woodsville are located from 1st to 12th building including 21 units of ground house with garden and 29 units of top floor house with terrace. The average sq ft price is HKD 9,535 and the usable areas are from 472 sq ft to 912 sq ft, and the sale price will be from HKD 4.689 million to HKD 11.38 million. The average usable area sq ft price is HKD 8,772 after calculating the extra 3% discount of property price supplied from developer New World to member of New World CLUB and the 5% discount for cash payment.
According to the trading data from property agents in the district, the second hand usable area trading sq ft price in relative new projects such as Uptown and Park Nara was about HKD 7,000 to HKD 8,300. The average usable area sq ft price of the Woodsville is slightly higher than the second hand property price in same district. It is a price at market level base on the factor of building age.
The Woodsville has no sample flat, and the showroom in 28th floor, No.39 of Queen's Road Central will be opened to public from today. Brochure copies are supplied to public in lobby of New World Tower in Central. This project is near to Hung Shui Kiu Stop of light railway, and supplies 11 buildings in 4 layers with 207 units of multilayer house including 44 units of ground house with garden, 54 units of top floor house with terrace and 29 units of garden villa. The usable areas are from 436 sq ft to 4,744 sq ft. It is predicted to be finished in first half year of next year.
The Bayview additional launched 48 units at original price.
In addition, the Executive director of Kerry Development, Zhu Yepei expressed, the Bayview in Ma Tau Kok additional launched 48 units at original price yesterday with average usable area sq ft price at HKD 15,363. The put on sale time and method are not decided yet. Including the additional launched units in this time, the Bayview had accumulatively launched 170 units and sold 103 units until the night before last, and it had took more than HKD 1 billion cash in. 15% of buyers are non permanent residents of Hong Kong, while half of the buyers chose once payment (in 3% of discount), and 30% of buyers chose paying within 180 days.
According to the price list, the additional launched units are room A-E between 6th floor and 48th floor with usable areas from 573 sq ft to 1,034 sq ft. The sale prices are from HKD 6.9 million to HKD 22.38 million. The most expensive unit is feature unit in room C of 48th floor. The usable area of it is 1,034 sq ft and the usable area sq ft price is HKD 21,644 with sale price at HKD 22.38 million. Zhu Yepei added, Lions Rise which is same series project in Wong Tai Sin will upload the new brochure as soon as possible, and Hing Hon Road residential project in Midlevels West planed to be launched in the end of this year.
