Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum)Wheelock Properties which have hit a new high record of sale this year,its managing director Wong Kong Yiu said yesterday that next year plans to sell the four new residential projects which involving a total of more than 870 units and look forward to next year selling properties will hit a new high score.Yau Tong residential project named PENINSULA EAST, is applying for pre-sale consents for March next year have the opportunity to put up for sale in April, becoming the first of a series of new residential project by the group next year.He is expected have no pressure on raise interest rates next year,the government keep on supplying the lands actively,it is expected steady property price movements next year.
Wong Kong Yiu pointed out that the property sale of WPL this year have cashed in HKD $1.86 hundred billion,involving 1,288 units (not equity dollars), including GRAND AUSTIN,Kensington Hill,THE PARKSIDE,Kwun Tong One Bay East and parking spaces,shops. He also announced to put up the last 10 units of THE PARKSIDE with 4 bedrooms interval for sale with the price increased,will put up for sale this Saturday, increase 1-2% of the price,priced from HKD $1.4647 ten million to HKD $1.5457 ten million,the price per square foot of HKD $13,501 to HKD $14,297, discount real price from HKD $1.2414 ten million to HKD $1.310 ten million,the price per square foot of HKD $11,954 to HKD $12,659.
Yau Tong residential project involving 256 units
As for 4 residential projects which will put up for sale next year,Wong Kong Yiu said the residential projects in Yau Tong named PENINSULA EAST,with a total of 256 units,of which half are two rooms units,38% for the three rooms units, 12% of 4-rooms units,with the salable area from about 480 feet to 1,030 square feet, it is expected to be July 31, 2017 occupation. This offer will reference pricing of Kowloon East projects. Lei Yue Mun project which have approved recently,with the floor price of about HKD $5,040 per square foot,higher than the market price,reflecting the market's confidence in the region of the Lei Yue Mun.
Mount Nicholson Road residential project is expected to put up for sale next year
As for Mount Nicholson Road in The Peak which developed in cooperation with Nan Fung Group,he is expected to be put up for sale in the next year, do not rule out retained income stratification and bungalows for rent,this project with a total of 19 houses, 48 layered units.Shau Kei Wan housing project planned to put up for sale in the third quarter of next year,this project with a total of 150 units.As for Tang Yin Street, Tseung Kwan O residential project will put up for sale in the fourth season,this project with a total of 400 units.
In addition,Wong Kong Yiu said that the Group acquired the Kai Tak and Tseung Kwan O LOHAS Park Phase 5 two projects this year,the Group currently have sufficient land reserves next 4-5 years of development.Asked the government plans to re-launch private developers to participate in HOS projects,he believes the developers with construction companies will have larger interest on it,but if there is suitable project, the group will study it.
