(reporter Liang Yue-qin) Currently is the end of the year and developers are preparing for the project opening next year. Kowloon development 's residential project which is located in No.18, Fuk Chak St, Tai Kok Tsui is named as Upper West.Yang Cong-yong, the city service and sales department general manager of Kowloon development expressed yesterday, this project isn't limited by pre-sale approval. They plan to put on sale it in January next year at intention sq ft prices from HKD 13,000 to HKD 15,000. The admission for 1 room unit of which the cover area is more than 300 sq ft will above HKD 4 million. In addition, Macpherson Playground rebuilt project developed by Kowloon development and URA will be put on sale in second season next year.
Intention sq ft prices are from HKD 13,000 to HKD 15,000
Yang Cong-yong pointed out, Upper West supplies 104 units. 1-2 rooms units take 66% and their cover area are from more than 300 sq ft to more than 600 sq ft. 32% of the total are 3-4 rooms units of which the cover area are more than 800 sq ft and more than 1,000 sq ft. The cover area of the duplex unit which joined with terrace is about 1,500 sq ft. There are 2 of this duplex units. It is estimated that the project will be finished in the next half year of 2015. Units above middle layers have sea view. 3 sample units will set in Mong Kok Pioneer Centre. He said, the sale price will refer to the price of the new project in Olympic Station. The sq ft prices will between HKD 13,000 to HKD 15,000. There will be favorable payment methods supplied. It is estimated that there will be about HKD 1 billion cash in if all units sold out.
Kowloon development received HKD 2.1 billion from properties selling this year.
He revealed, the last unit of the JING YI MIN which in Sai Yeung Choi Street North sold yesterday. It is a unit more than 600 sq ft and the sq ft price was nearly HKD 11,000. The buyer is Hong Kong people. He pointed out, the income of Kowloon development from properties selling this year is up to HKD 2.1 billion which is major from the selling of JING YI MIN and CADOGAN. CADOGAN still have 93 units waiting for sale and the market value of these 93 units is HKD 1.9 billion. Thereinto, 2 top floor duplexes ask for HKD 30,000 per sq ft. Besides, Macpherson Playground rebuilt project will be put on sale in second season next year. It will supply 297 units. And residential project in Pok Fu Lam will be put on sale the second half of next year. So next year' s income must much more than the income of this year.
In addition,
Cheung Kong's One West Kowloon in Lai Chi Kok Road sold two 1,100 sq ft units and reserved two units yesterday. The reserved units are 3 rooms layout and the cover area of them are 821 sq ft for each. The sale price of the last 4 units of GOODWOOD PARK is above from HKD 37.8 million. GOODWOOD PARK is a villa project in Sheung Yue River. The developer SINO commissioned Centaline Property Agency as sole agency to sale this project. Thereinto, number 1 house sold with luxury decoration and number 2 house has super large garden.
