Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum) 'Occupy Central' unaffected the sales of the new properties,the pricing of new properties was aggressive and also reduced the concessions.Cheung Kong yesterday announced the price list of first batch of units of Mont Vert Phase II,with the average price per square foot of HKD $10,137,with an increase of 4.1% when compared to sq.ft price of the first batch units of Phase 1,installment payment with the discount up to 14.5%,slightly reduced when compared to the discounts up to 15% discount of Phase 1,with the discounted sq.ft price of HKD $8,667, the price was much lower than the other second-hand housing estates in the same area,of which two-bedroom units which with the most cheapest price are with the discounted admission fee of HKD $4.296 million.Cheung Kong executive director Chiu Kwok Hung yesterday described that Mont Vert Phase II priced as 'good price', based on the quality (such as seat to) was better than Phase 1,the price of 5%more expensive than Phase I,still 20% lower than the new properties in the same district.
According to the sales arrangements of the first batch of units of Mont Vert Phase II,the same registrant pay up to two copies of the registration, the same buyer can buy a maximum of four units,but each buyer can only buy a unit with 2-bedrooms interval.The price list of first batch of 60 units including 26 three-bedroom units, 25 two-bedroom flats, 4 '1 + family' units, as well as a two room special units,if the choice of cash or instant mortgage payments, enjoy 5% discount,or before November 16 can be augmented by a further 3% discount market,coupled with developers to provide the price of 2.75 percent and 3.75 percent ad valorem stamp duty discounts and allowances,with the total discount of up to 14.5%, two rooms and three rooms with the discounted admission fee of HKD $4.296 million and HKD $5.526 million respectively,196 ft open units which must be sell in form of '1+family' sell with the discounted price of HKD $1.693,this combination with the discounted admission fee of HKD $9.25 million.
Also,if the choice of building with the largest discount on payment discount of 13.5%.These units are now available to accept registration,it will stop receiving votes next Wednesday and will be on sale next Thursday evening.
Chiu Kwok Hung said that there are only some units got profit
Chiu Kwok Hung said that although political instability in Hong Kong, 'Occupy Central' did not affect the pricing policy of Mont Vert Phase 2,every real estate price considering the quality of real estate and public acceptability,due to the quality of this period such as the located wad better than Phase 2, so the price was 5% higher price than Phase I, but still about 20% lower than the other new properties in the same district. He also refers to the first batch of units with the lowest sq.ft price of HKD $7,518 (3 rooms interval),included in land and construction costs that year,this unit only won small amount of profit. He said that the first batch of units worth about HKD $3.79 billion,while Mont Vert Phase 1 have sold 764 units so far,cashed in of more than HKD $4.0 ten billion.
He added that in the past one week,other developers remained buoyant in the sales of first-hand properties,reflecting the public still have confidence in the local properties.Asked that if the situation of 'Occupy Central' will be worser, worried about the sales of Mont Vert Phase 2,he said the public housing demand is still keen,do not worry about sales situation.He also refers to himself as the outsider of 'Occupy Central',as the general public in Hong Kong,the most important thing is to have a job to do,there are meals and physical health,as for the political ideal treatment should be left to politicians and government to handle.
Bid for Tai Wai Station Project aggressively
Asked whether Cheung Kong will bid for Tai Wai Station MTR Project which will close the tender next Monday,he refers to Tai Wai Station project location is better,is a high-quality project, Cheung Kong will bid for it,it is expected to try to bid for the project and Group has always emphasized cast bids ahead,regardless of whether the amended terms of the tender will be the standard,but other developers may be affected by changes in the terms of the tender, in order to increase the tender sentiment.
He also expected that the property prices in Hong Kong is still relatively stable before the end of this year,the prices are expected won't be fell too much,maintain annual volatility in prices within 10% of predicted.
Midland Realty director of the New Territories Cheung Tsz Chun yesterday said that some individual units of the first batch units of Mont Vert Phase 2 with the sqft price of HKD $7,000 after deducting discounts,lower than the second-hand property prices in the same district, is bound to attract the market purchasing power.The Riverpark in Sha Tin with the second-hand transaction as an example, a unit located in Flat F,Upper Floor,Tower 2,with 509 sq ft,the transaction price of about HKD $7.08 million,the price per square foot of usable area of about HKD $13,910,as for the first batch 2-bedrooms units of Mont Vert Phase 2 calculated before discounts concessions,the sale price of a single foot starting from HKD $10,000,after deducting the discount,with the lowest sq.ft price but also as low as about HKD $8,558,so the price was more attractive than the second-hand properties.
