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The battle between developers is to launch out more discounts

Squarefoot Editor  2013-11-20  #Tips For Transaction
Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum ) New properties free of taxes in order to attract buyers,The Rise of Cheung Kong in Tsuen Wan wanted to speed up the sale,joined the row of free of taxes yesterday,also can receive the equivalent of 7.5% of the contract price stamp allowance if chosen the special 180 easy payment or special construction period payment,and at the same time adding up to 20% second mortgage of the first two 24-month interest-free,after the second mortgage maturity can receive an extra 3.3% cash rebate, along with other promotional offers can receive discounts up to 20.8%.As for the second period of The Avenue in Wan Chai which is the project in cooperation with the Sino Land,Hopewell Holdings Limited and URA have uploaded the sale brochure last night,Sino Group Sales associate director Tin Siu Yuen said,the second period of The Avenue will open the price within a day,the first batch of sale will provide at least 220 units,also will consider of free of taxes in order to attract buyers,will have the opportunity to launch out the sale within this month. The Avenue will open the price within a day,intended to free of taxes Tin Siu Yuen pointed out that The Avenue's demonstration unit located in 7/F of Hopewell Centre have opened to the public at 2:30pm yesterday,real estate agents who have commissioned brought buyers along to visit,this property provide a total of 1,096 units,including 1-bedroom,1-bedroom with a store room and two-bedrooms units etc,with saleable area from 334 to 1,147 feet,of which 69 units are characteristics households,such as 1-bedroom duplex household,he said,due to the fact that this property have a shopping mall of 24 hours,also have specialty gourmet shops,coupled with the units with hotel-style services,so most of the units of this project used open-kitchen,also mainly focus on the area of master bedroom and bedrooms,ceiling height of 3.5 m.He also pointed out that this project won't provide any units earmarked for the people of redevelopment to buy.At the scene can see,the people who visit the demonstration unit,including supermodel Amanda S,also have mainland visitors. The Rise will provide free of taxes if the buyers have chosen the second mortage or the installments before the occupation payment CKH senior sales manager Fung Hoi Lun said,The Rise in Tsuen Wan added the discounts for the second mortage payment,will receive the first 24-months free of taxes and installment,also can receive the equivalent of 7.5% of the contract price stamp allowance,after the second mortgage maturity can receive an extra 3.3% cash rebate,coupled with choosing the begin the installments before the occupation payment (according to the price minus 4%),Club Lifestyle members ( price reduced by 3% ),the first 10 buyers who signed the provisional agreement before December 8 will receive 2% discounts,so the total discounts up to 20.8%,as calculated in a three-bedrooms unit which priced at $7.751 million HKD,buyers can purchase it in below $870,000 HKD.She said,The Rise have sold out about 88% of the whole property sale,cashed in more than $1.9 ten billion HKD,there are still 49 units are available,all of them are three-bedrooms with master suite and storage room unit,with saleable area from 747 to 748 feet. As for other new properties,Imperial kennedy of SHKP which located in the Western fist launched the extra units,which are 17 units of 1-bedroom and 2-bedroom units in lower floor,launched on sale on yesterday afternoon,have all sold out,the property have tired sold over 850 units since the sale have opened until now,cashed in over $3.36 ten billion HKD,and most of the buyers use the the installments before the occupation payment. New properties of Sino Land cashed in $2.65 ten billion HKD Park-Metropolitan in Kwun Tong of Sino Land have sold out 2 units,this property have tired sold 120 units,cashed in over $8.5 billion HKD,and The Graces•Providence Bay also sold out 2 units,the project of 'Lung • The Graces 'which located in Flat A,Tower 3,have all sold out,and The Graces • Providence Bay have tired sold about 80 units,cashed in over $1.8 ten billion HKD.
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