（By Liang Yueqin）
New luxury projects compete to be firstly launched as the fourth quarter coming. The Graces Providence Bay developed by Sino, Nan Fung and Wing Tai Properties Limited opening at market price put on sale first batch of 50 units this morning, receiving more than 80 applications until 6:00 pm yesterday. While Sun Hung Kai's The Cullinan phase 6 in Kowloon Station whose brochure was just uploaded on this Tuesday will open the ready flats to media this afternoon and the selling is believed to start soon.
The Associate Director of Sales Department of Sino, Tian Zhaoyuan expressed yesterday, the register for The Graces Providence Bay had ended at 18:00 yesterday with perfect result; Applicants can choose houses according to the order decided by computer draw lot at 11:15 this morning, under the assistance of the staff assuring the sales meets the Residential Properties(First-hand) Sales Ordinance.
The Graces Providence Bay firstly launched 50 apartments in usable area between 945 sq ft and 2,251 sq ft with the average usable area sq ft price at HKD 15,493, and the average usable area sq ft price is HKD 14,563 after 6% discount of privilege at the most. Room C in 3rd floor of building 7 is HKD 9.9376 million being the lowest, while room A in 7th floor of building 3 is at the hightest price of HKD 44.4526 million. There are three payment methods, including secondary mortgage with free interest and free payment in first two years, cash payment within 90 days enjoying 4% discount and secondary mortgage in 90 days cutting 1% for privilege, and Sino Club members gain extra discount of 2%.
The Cullinan phase 6 estimated to open grabbing customers.
There are 20th and 21st building in The Cullinan phase 6 in Kowloon Station, which will be put on sale in short term, supplying 826 units with the usable areas from 435 sq ft to 3,045 sq ft, and most are large units between 900 sq ft and nearly 2,000 sq ft.
In addition, a real estate agency of one house in Swire Properties' Argenta in Midlevels West was not listed on the new price list, which queried violate to Ordinance. It is no need to indicate if seller only makes the transaction once with the property agency that buyer commissioned, in order to supply more convenience potential buyers, responded by the Sales of First-hand Residential Properties Authority. Seller should list the real estate agency on price list if the commission maintains. It is known that Swire Properties has reissued the certificate of commission.
The Rise in Tsuen Wan earned reservation again.
Room LB in 31st floor of the Rise was signed of temporary purchase and sale agreement on Sep. 24th at HKD 6.647 million, yet the transaction is unfinished, according to the Sales of First-hand Residential Properties Electronic Platform (“SRPE”). 16 first hand properties were sold yesterday, with 6 units from Park Signature in Yuen Long, 5 units from the Rise in Tsuen Wan, 2 units from Green Code in Fanling and 3 units each from The Avery in Kowloon City, High Point in Sham Shui Po and the Reach in Yuen Long, according to source and the SRPE.
