Hong Kong's Wen Wei Po (Reporter Chan Choi Sin,Leung Yuk Cum) Chief Executive's new policy address intended to develop Lantau Island,focus on 'East Grand Island City' program,immediate benefit to the new residential projects in the region.Century Link in Tung Chung have put up the third batch 330 units yesterday morning, fully sold out and attracted director Lee Sao Yin have spend about HKD $1.1 ten million to buy 2 484 sq.ft units of Tower 3A.The residential project has sold about 946 units in just three weeks,cashed in more than HKd $4.5 ten billion, the market is estimated developers SHKP today will announce a new batch units of Century Link.
Century Link have put up the third batch units for sale at 11:00 yesterday morning,received about 10,000 votes registration. Reporters at the scene station Global sales office in Kowloon Commerce Centre had seen in the morning around 8:30 prospective buyers have emerged queues,as of 17:00 more has been fully sold out,there are a number of groups of buyer to purchase two units respectively.
Investors accounted for more slightly
Centaline Asia Pacific president of Residential Department Mr Chan wing Kit said yesterday the buyers from the group in Century Link attendance rate of 85%, mainly from the first 2 batches disappointment sale,recorded the highest attended ratio of 3 sales.Of which 80% of the buyers are coming from the New Territories. In the first 50 groups of buyers yesterday, for example, is expected to have five groups of buyer to buy 2 units. The proportion of investors in this batch of sale have increased,accounting for nearly 30%, the rest are from home-use only.He believes that the recent announcement of the policy address the main increase in subsidized housing and land supply, little short-term impact on private residential units,help to balance supply and demand and stable prices in long-term period of time.
Midland Realty Chief Executive Officer of Residential Department Pu Siu Ming said that the third batch units of Century Link on sale yesterday, Midland Realty customers over 80% are 'resurrection vote'. Yesterday Midland Realty client attendance over 80%,reflecting the project was welcomed by the market,Midland Realty's source, the New Territories buyers accounted for 80%, and the remaining 20% buyers from Kowloon and Hong Kong Island.Investors proportion of about 40%,the rest are the home-use buyers.
Danny Lee bought 2 units with HKD $1.0 ten million
Pu Siu Ming said, in view of the project admission threshold was attractive, coupled with the potential for Tung Chung, many investors are considering to purchase of two units.Midland Realty clients to gauge group has about 7 guests even buy two units, including a group of urban customers, had only intended to buy a three-bedroom units for self-occupation, but in the field of infection fiery atmosphere,coupled with promising prospects of Tung Chung, so decided to purchase an extra 2-bedrooms unit,intended for investment rental purposes, involving funding of about HKD $1.25 ten million.
He said that disappointment buyers reflux to the second-hand property market, the second-hand property trading in Tung Chung restore to normal level,it has recorded 19 transactions last week.Policy address major to increase the housing supply, has little effect on private residential units,it is expected the second-hand property market activities are active this week, trading volume of top-10 large housing estates is expected to increase 20-30%.
As for the other new property transactions,18 Upper East which developed by Emperor International in Sai Wan Ho yesterday also put up 3 units for sale,sold out a unit throughout the day,the unit was located in Flat D,5/F,with 237 sq ft of salable area, sold with the price of HKD $4.427 million,with HKD $18,679 price per square foot.The Visionary in Tung Chung also sold a unit which located in Flat A,28/D,Tower 2,with the salable area of 1,144 square feet,the price per square foot of HKD $10,100. In addition,Providence Bay in Tai Po and The Wings IIIB inTseung Kwan O have sold 3 units repspectively,KENSINGTON HILL in Sai Ying Pun,POSITANO in Discovery Bay,High One in Cheung Sha Wan,Park Signature in Yuen Long and Dragons Range in Sha Ti have sold a unit respectively.
