Henderson: The prices will be close to market prices, and the housing demand is still strong.
The sales of projects starts as the COVID-19 epidemic has eased. Henderson Land's Aquila • Square Mile in Mong Kok uploaded a sales brochure yesterday. The smallest open style unit is 171 sq ft, which is the same as the smallest apartment in Cetus • Square Mile in the same district. The Acting General Manager of Sales Department (II) of Henderson, Hon Ka-Fai expressed yesterday that they would offer the pricing of Aquila • Square Mile within this week at the soonest, and would launch the project at market prices, referring to the property cost in same series housing estates of the same district. The sample flat will be opened to public as soon as this weekend or next weekend, and the sale will start at the end of this month to the beginning of next month at the soonest. On the other side, SHKP's Wetland Seasons Park Phase 2 in Tin Shui Wai will offer prices today at the soonest.
Journalist(Leong Yuet Kam)
According to the sales brochure, Aquila • Square Mile in Mong Kok is a single building, and there are 25 units on each floor of 6-19th standard floors, with four 4 elevators. The project provides 488 units. The open style, one-bedroom, two-bedroom and three-bedroom units are 133 units, 289 units, 62 units and 4 units, respectively, with areas ranging from 171 sq ft to 687 sq ft. The expected key date is October 31, 2021.
Hon Ka-Fai: Property prices may have been on the bottom level.
Will you worry about competition? Since there are a lot of first-hand housing estates rushing to enter the market. Hon Ka-Fai believes that the first-hand residential property sales volume in the first quarter this year lag by 6,000 units compared with the same period last year due to the epidemic situation and the restriction of gathering. The market has accumulated a lot of purchasing power. Even if there are a large number of first-hand properties coming out of the market recently, he does not worry about the project sales. Moreover, in the past two to three weeks, the first and second-hand housing transactions have rebounded significantly, reflecting the strong demand for housing.
However, he admits that the epidemic has caused an increase in the unemployment rate in Hong Kong, which is helpless to rebound the market in the short term. However, the government announced to create 30,000 short-term jobs within 2 years, and launched a job security plan to help stabilize the job market. He also believes the property prices may have been on the bottom level, and will develop steadily this year.
Lee Fei-Yu, the Deputy General Manager of Agency Sale Department (II) of Henderson Property, points out that the Ngai Luk club of the project is the largest in Square Mile series, and this garden clubhouse totals more than 20,000 sq ft and provides 21 facilities.
On the other hand, a number of new projects in the New Territories North and West compete to enter the market. SHKP's Wetland Seasons Park Phase 2 in Tin Shui Wai will offer prices today at the soonest. RK Properties' Ccrescent Green in Yuen Long confirms to put on sale of a new batch of 75 units on Friday, and 21 units (including 8 villas) will be put on sale by tender.
Ccrescent Green in Yuen Long will put on sale 75 units on Friday.
Besides, Nan Fung will tender for the sale of 2 units in Heung To, Shau Kei Wan , this Saturday.
GRAND MARINI additionally launch properties at original prices.
LOHAS Park GRAND MARINI developed by Wheelock and MTR took the advantage of booming market to additionally launch 72 units at original prices last night. They are units of two-bedroom to three-bedroom with study room and 3 rooftop featured households, in 478-807 sq ft. The discounted prices are HKD8.448-16.888 million, and the discounted average sq ft price is HKD16,803, after deducting the highest discount of 21.5%. This project will put on sale a new batch of 101 units this Saturday.
In terms of first-hand property transactions, La Cresta developed by Hong Kong Resort International Limited and Nan Fung in Kau To, Sha Tin sold the Room C on the 9th floor of Block 3 with parking space for HKD39.5 million, and it is a four-bedroom-two-suites unit in 1,602 sq ft. The sq ft price is HKD24,657.
Besides, CITIC Pacific's The Entrance in Ma On Shan sold 6 more units yesterday, including three-bedroom and four-bedroom units ranging from 922 sq ft to 1,615 sq ft. The prices are HKD17.52 million to HKD35.6 million, with the sq ft prices at HKD16,700-22,000, cashing in over HKD127 million on one day.
