The Wings ⅢB sold 82 units and added the pressure on the second-hand properties in the same area
Hong Kong's Wen Wei Po (Reporter So Hung Chung) The end of 2014 is approaching and there are a number of new residential units put up for sale in order to attract buyers in time before the end of this year,of which The Wings IIIB in Tseung Kwan O put up for sale first in November,sold 82 units in the first day of sale,accounting for 76% of available units.There are a number of new properties is also not to be outdone,the market sources,Park Metropolitan in Kwun Tong,The Pavilia Hill in Tin Hau,Mont Vert Phase 2 etc,have recorded at least 1 transaction yesterday.Newspaper statistics show that there are at least eight properties put up for sale this month,which means nearly 4,000 new unit supply come.
SHKP to implement the policy of keep on selling the properties,The Wings IIIB in Tseung Kwan O on sale yesterday,the first batch of sale involving 108 units,recorded over 700 votes the day before,recorded 5.5 times over- registrations.Saw at the sales office which located in Kowloon Station yesterday 9 am,there are number of prospective buyers arrived at the scene and registered.On-site sources, there are at least 80 units have been subscribed before 13:00,accounting 70% of the available units.
1-bedroom units with an admission fee of HKD $4.9 million
The first batch of 108 units which put up for sale yesterday,with the salable area from 361 feet to 1,118 feet, interval includes 1 bedroom to 4 bedrooms, priced at HKD $4.902 million to HKD $1.8348 ten million,the price per square foot of HKD $12,220 to HKD $16,411,of which the units with 1-bedroom interval and the area of 365 feet with an admission fee of HKD $4.902 million.
Of which Mr.Chu who held the 2nd vote said that he have spent about HKD $6.0 million to buy a 2-bedrooms unit with the area of more than 500-foot,although it is expected after the US to stop buying bonds,Hong Kong will enter the rate hike cycle, but believe they can 'payable to it'.
Buyers mostly come from Kowloon and for home-use
Midland Realty Chief Executive Officer of Residential Department Pu Siu Ming said the large-scale residential project in TKO,the customer attendance rate from the group accounted for 70%,of which 80% of the prospective buyers come from Kowloon,at the same time,the buyers are mainly for home-use, accounted for 70%.The second-hand property transactions in Tseung Kwan O in October have recorded about 160,fell 30% by month,except for the property sources in the area are still lacking,the owners hard to outcry trading net to make see-saw situation,the new property sale is also locked the market purchasing power
He believes that in the long run,there will have other supply appear one after the other in TKO in the future,including the development of market expectations by Wheelock's The Parkside fastest debut during the month, Ka Wah's TKO 66D1 area projects have much market expectations,still believe that it will add pressure on the second-hand properties.
In fact,Tseung Kwan O is expected to become a major supplier of new properties before the end of this year,except for The Wings ⅢB which mentioned above,also included Wheelock's The Parkside,involving 591 units.Also Hemera which developed by CKH and other development partners with over 1,000 units, the market is estimated to the developers remain focused on the sale of Mont Vert hase 2 in Tai Po,Hemera may put up for sale this month as the fastest time, provide the market with 1,648 units.
Dragons Range with an admission fee of HKD $8.17 million
The masion sales haven't slowed down the pace,Dragons Range in Kau To,Sha Tin which developed by Kerry,Sino Land, Wing Tai and other development have uploaded the first price list yesterday evening,involving 210 units,the salable area ranging from 657 feet to 982 square feet, practical price per square foot from HKD $12,341 to HKD $16,989,of which the unit with an admission fee of HKD $8.17 million.The developers to provide installment payment discount, as well as ad valorem stamp duty concessions,about up to 13% discount of property prices.After calculated with all the discounts,with the lowest admission fee of HKD $7.0 million,will be able to live in Kau To Mansion with the price of Taikoo Shing.
In addition,THE AUSTINE PLACE in Tsim Sha Tsui which developed by Hanison Construction Holdings Limited,market expected that it may put up for sale this month.Together with Homantin Hillside in Hung Hom which developed by Wing Tai and Nan Fung,High One in Cheung Sha Wan which developed by Henderson Land,mansion Eden Gate in Kowllon Tong which promoted by Chinachem Group recently,eight residential projects are expected to provide 3,987 new units to the market.
