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Hong Kong Property Market - Yr.2019 Feb: Average price per sq feet $10979 5.87%   (last month:$10370)
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Mayfair By The Sea had collected more than 1180 applications, exceeding above 4 times.

Image Caption
2019-01-23-(Wed)
【28Hse.com】  
Hong Kong Wen Wei Po (By Liang Yueqin)

New projects being launched in low price are popular , MAYFAIR BY THE SEA 8 in Pak Shek Kok, Tai Po had collected more than 1,180 applications until it closed at 15:00 pm yesterday, exceeding above 4 times base on the first round of 228 units launched today, the Associate Director of Sales Department of Sino, Tian Zhaoyuan expressed yesterday.

Mayfair By The Sea 8 put on sale 228 units today in market value of about HKD 2.349 billion with discounted average sq ft price of HKD 13,704, and the additional launched units in the future will have mark up at least of 5%, he pointed. Grand Central phase 2 in Kwun Tong of the same series sold 3 units yesterday, which had sold 65 units in this month, and total 1,449 units had been sold plus with phase 1, taking in more than HKD 17.6 billion, he added.

The second round 66 units of Downtown 38 will be launched on Saturday.

In other side, Sun Hung Kai’s Downtown 38 in Ma Tau Kok announced yesterday to launch the second round of 66 units on Saturday, application of which will be closed tomorrow night.

A few days ago,Grand Ming sold the top floor duplex apartment of luxury project Cristallo in Prince Edward Rd, Kowloon by HKD 148 million, and buyer's identity was exposed. Grand Ming announced yesterday they had sold the top floor duplex apartment of luxury project Cristallo in Prince Edward Rd, Kowloon by HKD 148 million to the Executive Director Liu Zhihua’s mate Zhang Shufang. It is room A on 15th and 16th floor of Cristallo in usable area of 2,721 sq ft joining with terrace of 957 sq ft; And it is decorated with complete furnitures and equipments.

The expected realized gains is about HKD 68 million after the sale is completed (not calculated the sales and marketing expenses, financial costs and the distribution of business expenses of the property and Cristallo.) The group intends to use the net proceeds from the sale as repayment of the outstanding bank loans from the acquisition of Chang Sheng group and as working capital of the group.

Translated by 28Hse.com . All right reserved.