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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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T Plus Relaunched 12 Units and Sold Out in Three Hours.

Image Caption
2019-11-08-(Fri)
【28Hse.com】  
Hong Kong Wen Wei Po (By Leong Yuet Kam)

Tiny houses are still popular after the government relaxed the property price upper limit under mortgage insurance plan. “Dragon Bed” Project T Plus owned by mainland company Jiayuan International and “Shop King” Tang Shing-po in Tuen Mun yesterday put on sale again 12 units, including 8 open style units the sales of which were closed continuously in early. The market source points out that these 12 units had been sold out within three hours after the sale started.

T Plus which had collected 116 applications arranged the houses selecting from 9:30 am yesterday. A large number of potential buyers arrived. Among these 12 units, there are 8 units the sales of which had been closed in early and 4 units as inventory. Developer has increased the prices of some units by 1-3.9%, and all were finally sold. According to the transaction record book, the transaction prices range from HKD2.774 million to HKD4.134 million.

Tiny houses are popular. AVA 228 increases prices.

Tiny house projects in Kowloon immediately increase prices, seeing tiny house projects in New Territories are popular. Senior investor Low Wah family’s tiny project AVA 228 in Cheung Sha Wan increased the prices of 3 units among by 2%, and it will take effect on Monday next week, besides these 3 units in 236-249 sq ft are HKD6.287-6.789 million after price increase, with the discounted prices at HKD5.533-5.972 million after deducting the maximum 12% discount.

Tiny projects in Hong Kong Island district also take the advantage to launch more properties. Yesterday, Henderson Land’s South Walk Aura in Tin Wan confirmed to put on sale 6 units next Monday, and these six units in 183-265 sq ft are HKD5.348-7.045 million, plus the discounted prices are HKD5.0806-6.693 million with the discounted sq ft prices at HKD21,750-28,261 after deducting the maximum discount of 5%.

Ccrescent Green had received 100 applications in two days.

On the other side, Road King Properties’ Ccrescent Green mainly of three-bedroom units in Yuen Long continued to collect applications yesterday. The market source points out that in the first two days it had collected 100 applications, an over-subscription of 0.5 times base on the 67 units in the first price list.

La Salle Residence owned by a mainland developer Fullsun in Ho Man Tin had suddenly stopped the sale of the first batch of 30 units at the end of July. After over two months, the developer revised the price list last week and introduced a 21% discount, with a disguised reduction of up to 14.8% in prices. The project announced the sales arrangement yesterday, putting on sale all 30 units next Monday. There is no subscription number limit and the application will be closed on Sunday.
Translated by 28Hse.com . All right reserved.