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The Visionary in Tung Chung will firstly put on sale 280 units within this month.

Squarefoot Editor  2013-11-13  29 #Tips For Transaction
(By Liang Yueqin) Nan Fung took advantage to upload the brochure of The Visionary in Tung Chung these few days and will put on sale at least 280 units within this month at the soonest. The Hemispheres in North Point and Imperial Kennedy in Sai Wan both of which are single building, put on sale the second batch yesterday, having general reaction, and the former additional launched 48 units with 10 among sold, while the latter additional launched 15 units with 3 among sold. In addition, Chinachem put on sale the remaining 17 units of Billionnaire Royale at average usable area sq ft price of HKD 26,500, supping payment term within 240 days and free interest for mortgage in first two years. Zhong Zhilin, the manager of real estate department of Nan Fung, yesterday expressed the brochure of The Visionary will be uploaded soon, and they will put on sale it within this month. He said the first batch of it are more than 280 units taking 20% of total at least, and the sample flat will be in Kowloon Bay. He pointed, the project has 1,419 units in layout from 1 to 4 rooms, 6 villas and 12 compound apartments, and the customers are most users since Tung Chung has been an international zone near to Pearl River Delta. When asked if they worry the market can't absorb more than one thousand units of this project, he believed that is not a large number because Hong Kong consumes more than ten thousands of first hand properties each year. And he did not respond if there any privilege related to tax. Buyer purchased 2 units of The Hemispheres by HKD 11 million. Henderson additional launched 48 units of The Hemispheres in North Point at original price at yesterday 11:00 am by first arrived first served, and the average sq ft price is HKD 27,140 while it is HKD 21,712 after 20% discount. Reporter saw in the lobby of phase 1 International Finance Centre (IFC) in Hong Kong Central District that, about 30-40 real estate agents and potential buyers were waiting there at 10:45, while security persons obstructed their shooting during the term. Source told, this project only sold 10 units in full day to mostly local buyers, NO2 customer among bought room B in low floor, and also there was a buyer purchased room C and D in 8th floor by about HKD 11 million, with the usable areas separately are 284 sq ft and 287 sq ft and they are both one room unit. The project has sold 36 unit, taking in about HKD 220 million by market estimation. Sun Hung Kai also additional launched 15 unit of Imperial Kennedy in Sai Wan at original price at yesterday 4:00 pm, receiving worse reaction with 3 units sold. As for other new projects. Park Metropolitan in Kwun Tong, Park Metropolitan, The Graces Providence Bay in Tai Po, Green Code in Fanling and YOO RESIDENCE in Causeway Bay each sold 1 unit. All 17 stocked units of Billionnaire Royale are put on sale. Chinachem's Billionnaire Royale in Kowloon City announced price list of the remaining 17 units at average usable area sq ft price of HKD 26,500 in areas from 927 sq ft to 2,199 sq ft, 4 among are compound apartments. Developer supplies 5 payment privileges, which are payment terms within 60-240 days and free mortgage interest in first two years. The discounts are from 3% to 10%, and the lowest cost is less than HKD 15 million. The register will start from today until tomorrow, and selling will be on Friday.
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