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Hong Kong Property Market - Yr.2019 Nov: Average price per sq feet $11166 1.19%   (last month:$11035)
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The Grand Marine Collected 6,000 Applications for the Second Round; An Over-Subscription Above 19 Times.

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2019-11-07-(Thu)
【28Hse.com】  
Hong Kong Wen Wei Po (By Leong Yuet Kam)

With the recovery of the property market and under the fierce competition among New Territories new projects, the application for the second round of 292 units of Grand Ming’s The Grand Marine in Tsing Yi was closed yesterday. The market source points out that, it had collected about 6,000 applications, an over-subscription of 19.5 times. These units will be put on sale tomorrow. Ccrescent Green in Au Tau, Yuen Long collected about 60 applications on the first day for its first batch of 67 units that were launched at sq ft prices under HKD10,000.

Grand Ming Group’s The Grand Marine in Tsing Yi sold 1 unit of three-bedroom by bidding yesterday, with the transaction amount of about HKD11.59 million. It is room A on the 17th floor in block 2A, in the usable area of 755 sq ft and the layout of three-bedroom one suite with multi-purpose room also toilet, and the transaction price is HKD11.58925 million, with an average sq ft price of HKD15,350.

The Sales and Marketing Director of Grand Ming Group, Ngan King-fung expresses, the three-bedroom units are popular among customers who want to change houses, and the project has sold 8 units in the layout of three-bedroom one suite with multi-purpose room also toilet by bidding up to now.

Ccrescent Green collected about 60 applications on the first day.

Yesterday, Road King Properties’ Ccrescent Green in Au Tau, Yuen Long opened the sample flat in Chuang's London Plaza, Tsim Sha Tsui to public and started to collect applications from prospective buyers after putting on sale the first batch of 67 units at sq ft prices under HKD10,000.

According to the on-site news, more than 100 citizens visited the marketing center and the sample flat, and about 60 applications were collected on the first day, close to the full quota.

Park Yoho Napoli will put on sale 8 units on Sunday.

Just as Ccrescent Green began to collect applications, SHKP’s existing project Park Yoho Napoli in the same district uploaded the latest sales arrangement yesterday and confirmed to put on sale 8 standard two-bedroom units in block 25B and 27A on Sunday. They are 461-496 sq ft and HKD8.883-9.263 million, and the discounted prices are HKD7.46 to over HKD7.78 million with the discounted sq ft prices at HKD15,000-16,800 after markup of about 2-5% and deducting the maximum 16% discount.

Commune Modern will put on sale 4 feature units by bidding next week.

Sino's Commune Modern in Fanling uploaded the latest sales arrangement yesterday and confirmed to put on sale 4 feature units joining with platforms and rooftop for bidding next week, and the application will be closed on December 31, this year. The relevant units are located in Room B, 25th floor, block 1 and rooms B, C and D, 25th floor, block 2, with the usable areas in 461-750 sq ft.

Emerald Bay recorded the first closed sale.

China Evergrande’s Emerald Bay Phase I in So Kwun Wat, Tuen Mun recorded the first closed sale after the sales started at the end of last month. According to the transaction record book, room J on the 5th floor of block 1, with a usable area of 223 sq ft and layout of open style, was sold to the buyer on the 29th last month for HKD3.844 million under 90-day cash payment plan, but the sale was closed after signing the temporary sales contract, and it is estimated the 5% deposit i.e. about HKD190,000 will be confiscated.
Translated by 28Hse.com . All right reserved.