Long Bi is the fastest to offer prices in the urban area.

28Hse Editor  2022-05-11  #New Properties

New projects in Kowloon urban area are launched one after another. Country Garden's Kowloon City Longbi is expected to bid today, and the first batch of no less than 50 units. As for Kerry Properties and Henderson Properties, they added 30 units in Ho Man Tin Han Ming and 62 units in Mongkok Leo Place ‧ One Corner, respectively, at a discount of 7.446 million yuan and 4.542 million yuan from the actual admission fee, and they will face each other this Saturday. There are 60 units and 28 units for sale. The former pushes the project with 60 units and one-bedroom units. In addition, Wheelock Properties will launch Lantian KOKO HILLS Phase 3A as soon as the end of next month, providing more than 370 units. ◆reporter Liang Yueqin

Lin Xiaoqing, general manager of Country Garden Hong Kong’s marketing management department, said yesterday that Kowloon City Longbi will offer the fastest price today, and the first batch of at least 50 units, covering open-plan to two-bedroom units, caters to the needs of different prospective buyers. Tickets will be collected in a short period of time. Going on sale next week. She continued that the project's show flat in Wong Tai Sin will be given priority to designated persons to visit from 3:00 pm today, and will be open to the public from tomorrow.

Long Bi opens to the public from tomorrow

Regarding the recent sales of new properties in Kowloon, she believes that it will help drive the market sentiment.

Both belong to Kowloon District. Tang Yaozong, general manager of Kerry Development Hong Kong, said that Ho Man Tin has added the last 30 one-bedroom units, and will launch 60 one-bedroom units this Saturday, with an average price of 24,258 yuan per square foot. Among them, 55 units have a discounted net price of less than 10 million yuan. The project has received about 500 votes so far, with investors and self-residents each accounting for half.

Han Ming added the last 30 units to one room

Lu Zihao, vice president of sales and marketing planning of Kerry Development, pointed out that the additional 30 one-bedroom units with an area of 298 to 409 square feet, after deducting a maximum discount of about 10%, the discounted price is 7.446 million to 10.989 million, and the average square foot price is 25,198 Yuan. Lu Zihao pointed out that the price of additional units has been slightly increased, including the first one-bedroom units of 319 and 409 sq. The price list shows that the units A, D, E and F on the 12th floor will be sold with furniture, while the units on the 2nd floor will be featured units with podiums.

Leofang·One Corner's original price is increased

Another developer, Han Jiahui, general manager of Henderson Property Agency Sales (2) Department, said that Mongkok Leofang EST has added 62 units yesterday, including 20 open-plan units, 35 units with one bedroom, and 3 units with one bedroom and storage room. And 4 units and two bedrooms, with an area of 206 square feet to 405 square feet, the discounted price is 4.542 million to 11.027 million, and the discounted square foot price is 20,971 to 27,228. He added that after deducting factors such as landscape floors, it is an increase in the original price.

28 units are on sale this Saturday, including 1 one-bedroom with storage room, 17 one-bedroom units and 10 open-plan units, with areas ranging from 206 to 320 square feet. The price per square foot is RMB 20,971 to RMB 24,353.

Wong Kuan Yew, Managing Director of Wheelock Properties, also said,The 3rd phase of KOKO HILLS in Lantian will be launched as soon as the end of next month. There are 4 blocks in the project, which will be put up for sale in two phases. Phase 3A will be launched first, involving more than 370 units, focusing on one- and two-bedroom households. As for the LOHAS Park Phase 12 in Tseung Kwan O, which was originally expected to be launched at the end of this year, the epidemic has affected the progress of the project and postponed it to early next year. Currently, no pre-sale consent has been applied for. There are also two cooperative projects in the Kai Tak Runway District, which are expected to be launched in the third or fourth quarter. Therefore, we are confident that the group will launch no less than 2,000 units this year.

Kai Tak MONACO MARINE has sold 271 units, accounting for more than 70% of the units available for sale. The cross-sea section of the East Rail Line is about to open to traffic. Taking advantage of the momentum, it is preparing to launch low-seat units, involving about 100 units. It will provide one- to three-bedroom units. Price reference The transaction price per square foot of the low block unit in GRANDE MONACO in the same district, and the transaction price per square foot of MONACO MARINE are expected to be higher than the level of 26,600 yuan. Huang Guangyao continued to point out that the cross-sea section of the East Rail Line was opened to traffic in the middle of this month, which is expected to significantly increase transactions in the areas along the line, including Kai Tak housing estates. Property prices are estimated to rise by about 5% within a month or two. After completion, the increase will increase to about 10%.

Wheelock sold 392 units this year

He pointed out that the group has sold 392 units this year, cashing out about 5.65 billion yuan, reflecting that the epidemic has passed, and buyers’ purchasing power has been released to re-enter the property market.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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