First hand property market is hot. The Visionary KENSINGTON HILL will be put on sale with mark up.
(Journalist Liang Yueqin)
As hot sale of first hand property, developers speed up project launching. Cheung Kong's The Beaumount II in Shek Kok Road of Tsueng Kwan and Henderson's AXIS in No. 200 Ma Tau Wai Road of Hung Hom plan to upload brochures before this weekend at the soonest, and prices will be published next week, while the sale will start within this month. Nan Fung will put on sale 44 units in layout of three rooms from The Visionary in Tung Chung by mark up of 9% this Saturday. Wheelock also announced to increase the price of the last 15 units from Ma Tau Wai Road in Sai Ying Pun by 3% to 4% yesterday.
The Beaumount II has gained pre-sale consent, brochure of which will be uploaded this weekend or the beginning of next week at the soonest, and the sale will start in May, Cheung Kong Executive Director Zhao Guoxiong yesterday expressed. The group always take quick turnover as policy, so there will be other new project being launched in short term, Zhao Guoxiong added. There are still many customers who had focused to Hemera in Tsueng Kwan which has quickly sold out its 1,648 units, and The Beaumount II in Shek Kok Road of Tsueng Kwan gained the pre-sale consent last week, plus with its sample unit in Fortune Metropolis is ready, so this project planed to be put on sale in May, Zhao Guoxiong expressed. The Beaumount II has 872 units, about half of which are 2 rooms units and the others are 3 rooms, and occupation expected to be on September 30th 2016, pointed by Guo Ziwei, the Investment Director of Cheung Kong.
Seeing My Place in To Kwa Wan is in hot sale, Henderson also launch AXIS in No.200 Ma Tau Wai Road of Hung Hom. AXIS has 120 units in open style and 1 room layout with the smallest usable area of open style in 204 sq ft. Lin Damin, the General Manager of Sale One Department of Henderson expressed, brochure will be uploaded in the end of this weekend at the soonest, and first batch price list which not only refer to new project's in same district but also small apartment's in same series of downtown will be published next week, at the same time sample flat will be opened, later they will announce sale arrangement.
AXIS supplies 120 units with 48 among are open style in usable area from 204 sq ft to 212 sq ft and 72 are one room layout in usable area from 246 sq ft to 282 sq ft, target customers of which will be young new buyer or new couples, and occupation expected to be on March 31st 2017, Lin Damin pointed.
Asked about mainland customers are increasing since this year, Lin Damin expressed, more mainland people pay attention to Hong Kong stock and property stimulated by the rising of mainland A shares in these months, obviously increasing the demand from mainland customers in this year, and their group got many inquiries about luxury property including 39 Conduit Road in Midlevels West from mainland customers.He added, the demand for property about HKD 5 million is huge and keep rising, so there is no sale pressure even the property stock is large recently, and he believed developers launching more small units helps citizens buying their first house also good to property market in healthy development.
Second hand property transactions are always more than first hand property's, he believed first hand property market in hot sale is short term phenomenon caused by developers launching many new projects recently, and accumulated second hand property transactions will be still more.
Henderson High Park sold 2 units.
Henderson put on sale 8 units of High Park which got 25 registrations last night by draw lot, source pointed, only 2 which are room A in 16th floor and room A in 17th floor with both usable areas are both 1,016 sq ft sold, and the sale prices were HKD 25.995 million and HKD 26.18 million with sq ft prices at HKD 25,585 and HKD 25,768.
Yesterday, Nan Fung published to increase the average price of 44 units by 9%. The Visionary has sold nearly 90% of the houses, which are 1,276 units, the Real Estate Department General Manager of Nan Fung Zhong Zhilin expressed yesterday. The construction shelter has removed and the fashion building shows; It gets into the most important stage. To reflect their value, they increase the price of 44 units in 3 rooms with suite by 9%. The usable areas are from 1,035 sq ft to 1,194 sq ft. And the latest units in this batch will be put on sale on this Saturday at the soonest.
Yesterday, Wheelock announced to increase the price of the last 15 units of KENSINGTON HILL in Sai Ying Pun by 3%-4%. Customers who buy before the end of this month will earn special discount in 3%. 4 feature units will be put on sale this Saturday by the way of first come first served, including room A and room B from 32nd floor to 33rd floor, and the usable areas of these 4 are from 1,053 sq ft to 1,134 sq ft, with sale prices from HKD 37.33 million to HKD 43.927 million, in usable area sq ft prices from HKD 35,451 to HKD 38,736. All feature unit owners will have right to buy parking lot and one year DedIcated Membership by HKD 40,000. Besides, yesterday, The Avenue in Wan Chai developed by Hopewell, Sino and URA (Urban Renewal Authority) published to increase price of some units by 1%-2%.
Eugene Terrace re-launch units by price cut in 7.5%.
Yesterday, Guangwan Investment relaunched Eugene Terrace in 2A Earl St Ho Man Tin which was withdrew after publishing price list in the end of October 2013 with price cut. Except compound apartment's, price of other 13 standard floor style units in 982 sq ft is lower than that in the end of October 2013 by 7.5%-8%, 11 units among will be put on sale on this Saturday by first come first served. According to the latest price list of Eugene Terrace, it supplies 14 units from 982 sq ft to 1,986 sq ft (for compound apartment), and sale prices are from HKD 23.0888 million to HKD 87.88million, with sq ft prices from HKD 23,512 to HKD 44,250, and price of compound apartment is the same.
