Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum)As the sales of The Wings IIIB in TKO have slowed down,first new residential project 'THE PARKSIDE' in TKO which developed by Wheelock Properties put up for sale with the price below the market price, yesterday announced the first batch of 120 units price list,with the salable area of 401-728 sq ft, priced from HKD $5.492 million to HKD $1.0193 ten million,with the average price of HKD $13,456 per sq.feet.
Midland Realty Senior Regional Sales Director,Tseung Kwan O Siu Yuk Yin said one of the indicators housing estate in the same district TKO Center about 9 years old,with an average price of about HKD $13,000 per sq.ft,the recent transaction was a unit located in Flat C,Upper Floor,Tower 13,about HKD 48.24 million turnover,with the salable area of about 638 feet, the price of about HKD $12,915 per sq.ft,and the Grandiose which with the age of about 8 years have recorded a transaction,the unit located in Flat G,Middle Floor,Tower 2,with the utility area of about 436 feet, sold about HKD $5.7 million,the price of approximately HKD $13,073 per sq.ft,as for Metro City Plaza with the average price per square foot of more than HKD $12,000.THE PARKSIDE seem very attractive.
Developers to provide discounts for 'THE PARKSIDE',the units which involved in HKD $6.5 million or below with maximum discount of 14.26%, more than HKD $6.5 million with 15.25% discount,units with 1-bedroom interval with an admission fee of HKD $4.709 million,as for the units with two rooms interval with an admission fee of HKD $5.378 million, bedrooms units with an admission fee of HKD $7.633 million,of which the discounted price of 1-bedroom units was similar with the price of The Wings IIIB but the prices of 2 and 3 bedroom units was 10% lower thanThe Wings IIIB.The second batch 81 units of The Wings IIIB have sopped receiving votes last night,received 330 votes tired,recorded 3-times over-registrations and will put up for sale tonight.
WPL Chairman Leung Chi Kin describe,the first batch units of 'THE PARKSIDE' is bought and sell with the cheap prices and have the competitive pricing, followed by the launch of the unit has room for price increases,price list of 120 units with the sq.ft price from HKD $12,373 to HKD $15,194,according to the market value of HKD $9.41 billion,a preliminary estimate of the full market value of real estate 591 units over HKD $5.0 ten billion.Marketing arrangements will see the reaction of the opening weekend and then released after the demonstration unit,the market is expected to sell next week as the fastest time.
Leung Chi Kin said bought and sell it with cheap prices
The first batch of units with the prices stick to the market price,he refers mainly due to the project was the first real housing estate in the South of Tseung Kwan O,the land price per square foot is only HKD $3,810, conditional 'bought and sell it with cheap prices', according to the principles of pricing reasonable profit, to ensure flow of goods,the future of the project is a high premium 'bought and sell it with expansive prices'.
There are number of new properties in the area to meet the market demand every year
Asked whether the Tseung Kwan O South region due to increased supply and accelerate the property sales Leung CHi Kin said the district has not put up for sale more than 4,000 units,it is expected to continue to put up for sale in the next three to four years, which annually serves about 1,000 units, phase than other areas like Tai Wai shelters have 3,000 gang supply,the actual supply of Tseung Kwan O South wasn't large,the group launched out the property sales as scheduled, there is no particular hurry up.He said the Group has four new sites in Tseung Kwan O,planned to sell one new residential project per year.
Looking to the future property price movements,rise and fall depending on supply and demand.Also refers to the government spicy trick stable the market, repel speculators, but at the same time added pressure on the home-use buyers,think that the Government should consider in a rational way to adjust prices, but would not comment on whether or not the right time to revoke the existing hot recruit, is only recommended to gradually anti-spicy tricks.
Each vote of High One can only purchase two units
In addition,High One in Cheung Sha Wan which with the cheapest admission fee since the implementation of the first-hand new legislation have uploaded the sale arrangements yesterday ,sell the first batch of 38 units next Saturday, yesterday began to collect the votes,stop receiving votes next Friday,each vote can only purchase two units,the finest open units of High One with the area of 193 ft,with the discounted price of about HKD $2.69 million.
