2024-04-23 Squarefoot Editor
The market is expecting the banking crisis in Europe and the United States to slow the pace of interest rate hikes by the Federal Reserve. Two new developments, Grand Jete’s phase two development in Tai Lam, Tuen Mun and In One’s Phase IB in Ho Man Tin Station, both at original prices, put up their remaining units for sale yesterday and a total of 583 units were put up for sale on the same weekend. This, coupled with the confirmed sale of 118 units at Grand Victoria II in South West Kowloon on Saturday, means that at least 701 units will be available for sale in Hong Kong over the weekend.
CK Asset and Sun Hung Kai Properties (SHKP) launched the remaining 108 units of Grand Jete’s phase two development in Tai Lam, Tuen Mun yesterday, with an average discounted price of HK$12,997 per square foot. Moni Yeung, assistant chief sales manager at CK Asset, said that the new batch of units were put up for sale at their original price, including 55 one-bedroom, 46 two-bedroom, and seven three-bedroom units, with an area of 263 square feet to 722 square feet, including 20 rooftop units, at prices ranging from HK$3.29 million to HK$10.363 million. The sale was also confirmed to be fully launched on Saturday with a total of 400 units, with discounted prices from HK$3.069 million to HK$10.363 million.
In One Phase IB received a total of 6,200 votes
As for Chinachem and the MTR’s joint venture at Ho Man Tin Station, In One Phase IB development at Ho Man Tin Station launched its remaining 67 units of standard and special two- and three-bedroom units yesterday, from 422 square feet to 941 square feet, at discounted prices of HK$11.718 million to HK$30.452 million. The development has a maximum discount of 15 per cent, and an average discounted price per square foot of HK$29,318 per square foot. Helen Fung, director of sales at Chinachem Group, said that these units were launched at the original price. It was also confirmed that 179 one- to three-bedroom units would be launched on Saturday, and four four-bedroom units to be sold by tender on Sunday, meaning that all 183 units would be put up for sale over the weekend.
In addition, 118 units of Grand Victoria II in South West Kowloon, a joint venture between four major developers including Sino Land and Wheelock, will also be sold on Saturday, including 55 units on a first-come-first-served basis and 63 units by tender.
KOKO MARE announces first price list
In terms of other developers, Wheelock managing director Ricky Wong Kwong-yiu said that KOKO MARE in Lam Tin would announce its first price list on Thursday. There will be no less than 90 units, covering one to two bedrooms with seaview units. Most units will range from HK$6 million to HK$9 million. Ticket collection and public show flat opening will start on Saturday. The sales arrangement will be announced before the end of the month.
The Cullinan and Fleur Pavilia record HK$100 million transactions
SHKP’s unit A on the 88th floor of The Cullinan in Kowloon Station was sold by tender for HK$141.9 million yesterday, with an area of 1,574 square feet. On the same day, New World Development’s Fleur Pavilia in Kai Yuen Street, North Point sold a 2,502-square-foot penthouse unit on the 33rd and 35th floors of Block Three by tender for HK$125 million, or HK$50,000 per square foot.
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| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 Days |
Golden Top Listing Higher position than Normal listing 2-3times better performance | HKD: 3000 (or Hsemoney:3000) | Valid: 60 Days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 Days |
Golden Top Listing Higher position than Normal listing 2-3times better performance | HKD: 3000 (or Hsemoney:3000) | Valid: 60 Days |