（By Liang Yueqin）
New projects in New Territories compete to be launched in low price. Last night, New World announced price list of the first batch of 30 units of The Woodside in Hung Shui Kiu, and developer supplies about 9% to 20.5% discounts by tax return or other privileges. The discounted lowest price of the 20 units among which are specified to be houses for young new buyer (in usable areas from 391 sq ft to 604 sq ft) is about HKD 3.25 million, belonging to market level; The discounted lowest price of the other 10 units in layout of three rooms ( in usable areas from 829 sq ft to 840 sq ft) is about HKD 5.503 million, with sq ft price at HKD 6,551, which is lower above 10% than second hand property price. The application will start from today, and the sale will be on Sunday (13th April) by draw lots. In addition, the first batch of 50 units of Mount One in Fanling which were put on sale by Sun Hung Kai in price lower than market level received 100 applications yesterday, with about 200 cases are accumulatively collected, exceeding 3 times than quota.
The Woodside supplies 30 units on the first price list, including one room units to three rooms units, the sale prices for 6 among in 1st floor with platform and 6 among in top floor with terrace are from HKD 3.726 million to HKD 8.913 million, with sq ft prices from HKD 7,990 to HKD 11,621. New World CLUB members enjoy extra single use 3% discount for specified properties; Customers gain more 3% discount for choosing cash payment. Buyer purchasing one room or two rooms unit will enjoy " Young New Buyer Housing Privilege" and 3 % discount; Customers buying three rooms unit will gain " House Changing Privilege" and 10% discount. There also is 90% of ad valorem stamp duty return after transaction. All buyers can gain K11 Design Store cash coupon in value of HKD 10,000.
The price of large unit is lower above 10% than of second hand property in the same district.
The second hand sq ft price of two rooms unit in Up Town and Park Nara which are new projects in the same district is about HKD 7,500 to HKD 8,000, which is similar to the discounted usable area sq ft price of small unit in The Woodside, while the second hand sq ft price of large unit in Up Town and Park Nara is about HKD 7,500, pointed by Xu Jialun from Centaline. The discounted usable area sq ft price of large unit in The Woodside is about HKD 6,600, which is lower above 10% than of the second hand property in the district, and this reflects developer want to put on sale them at price lower than market level because the supply of large unit in The Woodside is plenty.
The Avenue 1 additional launched 18 units at original price.
Besides, yesterday, The Avenue 1 (building 5) in Wan Chai developed by Sino, Hopewell and URA additional launched 18 high floor units at original price, and they supplied 17.5% discount at the most by tax return or other privileges, with discounted usable area average sq ft price at HKD 20,820, of which the discounted lowest price for unit in usable area of 440 sq ft is HKD 9.51 million. The register for these units will be took before 10:30 am on Sunday (13th April), and the house selection will be decided by draw lots at 10:45 am that day.
The 18 units of The Avenue 1 (building 5) which are just additional launched are being put on sale at original price, and they are high floor units in 29th-31st floor that are firstly launched, the usable areas of which are from 440 sq ft to 658 sq ft, expressed by Tian Zhaoyuan, the Sales Department Associate Director of Sino. The highest discount is up to 17.5%, including 8% discount for choosing payment within 90 days, 2% discount for housing gift and 7.5% discount for stamp duty privilege. The discounted sale prices are from HKD 9.51 million to HKD 13.574 million base on the 17.5% discount. The Avenue 1 (building 5) has received the occupation approval, and will open ready flat to customers in short term. The Avenue 1 and 2 have accumulatively sold more than 1,020 units.
Source told, sea view unit of Sino's Providence Bay in Tai Po of the same series is popular, and 3 units of this style sold in one single day, taking in nearly HKD 100 million. Market source pointed all standard units of sea view mansion in Providence Bay are sold, and the project has accumulatively sold 120 units, taking in more than HKD 2.7 billion.
As for the last 93 units of Trinity Towers in Cheung Sha Wan which will be put on sale this Saturday, source pointed, more than 1,600 applications were collected until last 7 pm, exceeding 16 times that the quota.
About other new projects, MOUNT PARKER RESIDENCES in Quarry Bay sold 1 unit yesterday, which is room B in 19th floor, and the discounted sale price was HKD 34.341 million.
