Hong Kong Island District new projects in hot selling. Business and municipal affairs director of Wing Tai Properties Limited, XiuXian Chen said, N ° 1 The Pierre which is 2 years future project totally have 70 units of 1 room flat for the first 3 batches. After 41 units sold out the day before yesterday, other 29 units estimated to be sold out today. There are three groups of buyers bought 4 units at HKD30 million to HKD40 million . The 7 units which covered is continually promoted and sale. The top floor feature unit with 700 sq ft among at intention feet price HKD35,000 and is expected to cash in HKD900 millions after all the 77 units sold out.
40% of「The Warren」 in Tai Hang by Wing Tai Properties Limited for rent
And she said, 「The Warren」 in Tai Hang developed by Wing Tai Properties Limited already sold 60% and the remaining 40% will be use for hire after flat in take in 2014. As for the 「Seymour」in Midlevels West still 6 units left and the intention feet price is HKD35,000 with top floor unit intention feet price HKD50,000 and sale price HKD220 millions. It will launch high mountain project in the middle of the third season next year which include 160 units with unit cover area about 1,000 sq ft and at intentional feet price HKD20,000.
Capital strategy subsidiary company Home Life Managing Director, WenBin Fang said, The Hampton in Happy Valley sold 8 units after on sale last year at feet price between HKD22,000 to HKD29,000 with cash in HKD800 millions. The remaining 2 feature large houses locate in room A and B of 2nd floor with cover area of 3,350 sq ft and 3,235 sq ft at intentional feet price HKD27,000. The former intention price at HKD93 million and the latter at intention price HKD90 million include decoration costs.
Capital strategy continually implement high-grade strategy
WenBin Fang pointed out that, the group will continue to make high-grade residential as development goals. There are five projects currently under development including Hong Kong Causeway Bay Road, mountain top Barker Road , Jardines Lookout Perkins Road , sha tin Kau To and Shanghai Rainbow bridge PuQing project. The causeway bay road among will be launched as future house next year with unit cover area of floor flat about 500 square feet to 800 square feet. Together with feature units, the project provide total 150 units.
For the government launched suppress mortgage measures, and the United States launch QE3, he believe, the market filled with capital and what's more, Hong Kong is a property buying hot place, so the property market situation temporarily is difficult to reversed. But Hong Kong Monetary Authority launched a series of tightened mortgage measures will be benefit to both developer and buyer. It will let buyer get the satisfying unit and also stop the excessive capital into the market. The government launched two Kai Tak Land 「Hong Kong People Hong Kong Land」pilots to reply to the property buying requirement from the public. The group temporary will not participate in it.
