2024-05-03 28Hse Editor
New project sales are booming. Ho Man Tin Station’s In One Phase 1B, which is a joint venture between Chinachem and MTR, and Grand Jeté Phase 2 in Tuen Mun, a collaboration between CK Asset Holdings and Sun Hung Kai Properties (SHKP), have accelerated sales of projects. Both are scheduled to upload sales brochures within this week and opening prices next week, with a chance to launch sales within the month. Helen Fung, director of sales at Chinachem Group, said that Grand Jeté Phase 1A, 1B and 1C have obtained presale consent, offering a total of 844 units. Phase 1B will be launched first with a total of 183 units, and the sales brochure will be uploaded within this week at the earliest. The first price list will be announced next week, and it is expected to go on sale within this month. The pricing will refer to the prices of new properties in Ho Man Tin, Kowloon Tong and Hong Kong Island South.
Regarding Ho Man Tin Station’s In One, the original plan was to launch the sale of Phase 1A uncompleted flats in August last year after receiving presale consent. However, the plan was halted when Hong Kong entered a cycle of interest rate hikes and the property market took a sharp turn for the worse, with property prices continuing to fall. Addressing if Phase 1B sales would be launched first, Fung said that it would depend on the market situation, project location, and types of units available.
Nearly 70 per cent of In One Phase 1B’s 183 units are two-bedroom units
According to the introduction, Phase 1B of In One is located in Block 3 (Phases 3A and 3B) and offers 183 units, ranging from one- to four-bedrooms, with sizes ranging from 336 to 1,234 square feet, and an off-plan period of about one and a half years. The main two-bedroom units account for nearly 70 per cent or 123 units, ranging from 422 to 576 square feet, while the three-bedroom units account for 25 per cent or 46 units, with an area of 897 to 941 square feet. The project also includes 16 limited special units, namely seven penthouse units (336 to 1,234 square feet), two skyline units (1,234 square feet) and seven terrace units (422 to 898 square feet).
First batch of Grand Jeté Phase 2 no less than 80 units
As for other developments, Moni Yeung, assistant chief manager of sales at CK Asset Holdings, said that the sales brochure for Phase 2 of Grand Jeté, at Castle Peak Road, Tai Lam, Tuen Mun will be released within this week, and prices are set to open next week. The first batch of units will be no less than 80 units, consisting of high-rise sea-view units in Tower 5. The project will be priced with reference to Phase 1 of the same series, when 62 per cent of the units on the price list were sold for less than HK$6 million, and some sold for less than HK$4 million. The project will also be priced with reference to recent popular first-hand properties, some of which are expected to be able to take out high-value mortgages through the mortgage insurance scheme.
As the upcoming project targets first-time buyers, mReferral Mortgage Brokerage Services has created a dedicated team of specialists to assist buyers in entering the market. According to Cheung Yee-hei, Director of Operations at mReferral, a special hotline will be set up to help first-time buyers follow the application process and provide detailed analysis and assessment of buyers' financial situation, so that buyers can quickly select the most suitable mortgage plan.
Henderson launches sale of three end-of-completion units
As end-of-sale units clear out quickly, Henderson Land’s The Quinn Square Mile in Mong Kok will sell 10 units this Friday, including open-plan and one-bedroom units, with an area of 209 to 288 square feet at a discounted price of HK$4.776 million to HK$6.668 million starting from HK$21,169 per square foot. On the same day, THE HOLBORN in Quarry Bay launched 6 units, including open-plan to two-bedroom units, with an area of 221 to 452 square feet, at a discounted price of HK$6.322 million to HK$12.929 million, or from HK$24,991 per square foot. CAINE HILL, Mid-Levels in the inner west, will launch sales this Saturday, with 6 units ranging from 190 to 277 square feet at a discounted price of HK$6.003 million to HK$8.440 million.
NOVO LAND Phase 2B receives over 8,000 votes in second round
According to SHKP general manager Chan Han-lin, the second round of sales for SHKP's NOVO LAND Phase 2B (171 units) closed tonight. As of 3pm yesterday, more than 8,000 tickets were collected, which was more than 45 times the over-registration. The batch of units will go on sale tomorrow night. The units will go on sale tomorrow night, Chan said, adding that the third round of sales will begin on Sunday at the earliest. The property, in partnership with Ricacorp, is offering a special home purchase offer, with the first 10 buyers who purchase a unit through the firm from March 8 to 31 receiving an Eternal East Cross-Border Coach ticket worth HK$36,000.
In terms of new transactions, Sino Land and CLP’s ST. GEORGE'S MANSIONS, a super-luxury property in Kadoorie Hill, Ho Man Tin, sold unit B on the 7th floor of Block 2 for HK$82 million, measuring 1,868 square feet at HK$43,897 per square foot. In addition, Emperor Group’s Central 8 sold a 3D terrace unit of 181 sq ft with a 118 square feet podium for HK$5.81 million yesterday at a discounted price of HK$32,099 per square feet.
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