(Journalist Liang Yue-qin, Zhou Ying) New projects launched in succession. Henderson Land Sales Department General Manager Lin Da-min said yesterday, The Reach in Yuen Long cooperation developed by Henderson Land and New World plans to distribute brochures next week and on sale this month. The admission for 2 rooms units may have the opportunity to less than HKD 4 millions, and the plan is to launch in batches 80% of the 2,580 units before the end of the year with the market value above HKD 10 billions. As for Century Gateway in Tuen Mun Station, they addition launch 82 units yesterday. One Mayfair in Kowloon Tong launch one ready feature unit call for above HKD120 millions.
He pointed out, sale price of The Reach will refer to projects in other districts and Century Gateway in Tuen Mun station is one of the references. The Reach has received more than 1,000 inquiries and estimated that they will publish the brochure next week. The sample unit also nearly be ready. The project has 12 buildings include 2,580 units and about 80% of them are 2 rooms units with cover area about 490 sq ft to 600 sq ft; 18% of the total units are 3 rooms layout with cover area about 879 sq ft to 1,040 sq ft; The other 2% are 54 feature flats.
High Point in Cheung Sha Wan will launch price list in short term
In addition, Lin Da-min said, Henderson's High Point located in Tai Po Road of Cheung Sha Wan may publish price list in couple days. The developer supply 4 payment terms including 45 days cash payment (reduce 9% of the price), 120 days cash payment (reduce 8% of the price), cash payment for secondary mortgage (reduce 7% of the price) and payment during construction period (as price).
Sun Hung Kai 's "Century Gateway" in Tuen Mun station addition launched 82 units yesterday and the average sq ft of the 80 units among them is HKD8,252 which located in building 1 and building 5. The cover area are from 478 sq ft to 635 sq ft. The other 2 are platform units. One in room 7G, building 3 at sq ft price HKD11,488. Room G, 7th floor of building 5 at sq ft price HKD8,351 and will be on sale this Friday at the soonest.
One Mayfair put on sale feature unit at above HKD120 millions
In other side, Sino Group Associate Director Tian Zhao-yuan said yesterday, One Mayfair in Kowloon Tong started to flat in take the end of last month and about half of the buyers finished the procedures until now. The remaining units will opened for appointment visited. Room A, 10th floor of building among is in cover area 3,100 sq ft and joined 1,986 sq ft balcony at intention sq ft price HKD39,000 which may sale above HKD120 millions.
He added, the 11 remaining feature units of One Mayfair do not sale. The cover area of the units between 1,557 sq to 3,100 sq ft in market value about HKD 800 millions. It is known the project has sold 109 units and all standard units have sold out. The highest sq ft price is HKD22,800 and make total cash in above HKD 4 billions.
Sino group may launch project in Yuet Wah Street in this season
In addition, Mr. Tian pointed out, the Providence Peak totally sold 12 units in the past 2 days. The next on sale project of the group is The Graces Providence Bay which is the 3rd phase of Providence Peak. It record that 6,000 person times visit the sample flat. They will make sale arrangement according to the market feedback. Project in Yuet Wah Street of Kwun Tong will be also on sale in this season.
About other new projects, sources tell Wheelock' kadoorie hill located in Ho Man Tin received one buyer who bought room A and B, 6th floor at about HKD 24 millions. Kerry property's The Altitude in Happy Valley sold one room C at HKD 36.28 millions and the sq ft price is HKD19,247. Park Haven in Causeway Bay developed by Soundwill also sold one in room G, 8th floor at HKD15.58 millions.
