Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum) HKMA measures to tighten mortgage does not hinder the development of residential projects with price increase plan by the developers, The Pavilia Hill which developed by the new world in cooperation Hip Shing Hong last night decided to increase 3-8 of the price and put up 64 units for sale,of which the unit located in Flat B,32/F,Tower 1,with the salable area of 1,521 square feet, priced at HKD $7.8722 ten million,the price per square foot of HKD $ 51,757, if the price of the transaction feet and are priced in the same district and the project will create a new high record, as for Providence Bay in Pak Shek Kok, Tai Po Bay which developed by Sino Land have incresaed 9% of the price of nine units with more than a thousand feet units. In addition,SHKP plans to sell Shau Kei Wan Church Lane residential project of about 650 units later this year.
SHKP will put up the residential project in Shau Kwi Wan for sale in the second half of year
Acting Special Assistant General Manager of Sun Hung Kai Development (Sales and Marketing)Tam Shuk Tsum said yesterday, in Shau Kei Wan Church Lane commercial and residential projects, plans on sale in the second half of this year,with a site area of about 35,000 square feet, can be built residential floor 31.8 Articles feet, providing about 650 units include an open house to four households, it is expected to be completed in 2018, the price of the reference price used of the second-hand and new properties in the same district, the project also has 56,000 feet of commercial floor area.
He also said,Deauville in Castle Peak Road, Tsuen Wan,have sold out 39 parking spaces, each priced at HKD $1.55 million,there are still five unsold houses are available for sale, worth about HKD $5.0 billion,the overall available cash of about HKD $1.6 ten billion if all the units have sold out . In addition,AVIGNON in Tsuen Mun two remaining unit even rooftop and pool house, with an area of over 2,000 square feet, plans to upload sales brochures in the first half of this year in order to re-launch the sale.
As for The Pavilia Hill in North Point which developed by the new world in cooperation with Hip Shing Hong have increased the price and put up 64 units for sale,mainly sell the units which located in lower floor of Tower 1 and upper floor of Tower 2 the majority of the unit is a 3 bedroom suites with private lift lobby or 4 bedroom 2 suites with private lift lobbies, including the debut salable area of approximately 1,000 feet of three-bedroom units, a total of 32, as the 64-foot tiered unit price from HKD $22,935 to HKD $51,757,the price from HKD $1.966 ten million to HKD $7.8722 ten million. The 64 units will start the registration tomorrow and ending next Friday.
Pavilia Hill have sold 279 units since it have put up for sale,accounting for over 97% of units sold. The average price per square foot project up to HKD $27,806,the average transaction amount up to about HKD $2.6 ten million, of which the unit which located in Flat A,30/F,Tower 1 have hit a new high record in the same district record of HKD $43,430 per sq.ft.
Senior Sales & Operations Director City of New World Development Yeung Man said the group in the first half of this year will be up Mong Kok SKYPARK and Yuen Long PARK HILL for sale, in the second half to push the sale of Saigon THE CLEARWATER BAY (approximately 680 units), Double Cove Phase 4 and 5 . As there are 29 units of The Masterpiece in Tsim Sha Tsui is not up for sale, including four units which have leased with real foot rent of about HKD $60.
Providence Bay in Pak Shek Kok increased 2% of the price
SHKP bid Pak Shek Kok, Tai Po land at high prices,which cause the new residential project Providence Bay which developed by Sino Land nearby have increased 2% of the price of 9 units yesterday,this nine units with the salable area from 1,074 to 1,111 square feet, after the price increase,priced from HKD $1.4483 ten million rose to HKD $1.593 ten million.
In addition, the new residential project ticket collector on Saturday continued to have the ideal response,108 units of La Lumiere in Hung Hom have received 1,100 votes last night,recorded 9.2 times over-registrations, and 315 units of The Visionary in Tung Chung have received 948 votes as of last night,recorded 2 times over-registrations.
