Wetland Additionally Launches 89 Units and One-Bedroom Unit Is HKD3.75 Million.

28Hse Editor  2020-01-06  #New Properties
(By Chau HiuChing) SHKP’s brand new project Wetland Seasons Park in Tin Shui Wai gets off to a good start. The Vice Managing Director of Sun Hung Kai, Lui Ting yesterday expressed that the project sold over 97% of the units in the first round, taking in HKD2.5 billion, very popular with buyers in the district. The Proxy Assistant General Manager of SHKP, Wo Chi-yuen discloses that they will additionally launch No.5 price list including 89 units mainly of one-bedroom units immediately to meet the market demand, with the mark up for some units among in 1%-2%, and these units are very likely to be put on sale this weekend. Wo Chi-yuen expresses, the atmosphere at the sales site was very enthusiastic the day before yesterday, and more than 30 groups of large buyers in Group A bought two or more units, also most of them expressed their preference for being located near the wetland park with low density. Buyers in Group B are mainly from the same district, with 60% from Tuen Mun, Tin Shui Wai and Yuen Long, 15% from other parts of the New Territories, 15% from Kowloon, and 10% from Hong Kong Island. Among them, five units were sold for more than HKD15 million per each, with the sq ft prices between HKD14,400 to HKD18,000, which are rare prices in the same district. The markup for 38 units is 2% of the most. The sales are expected to start on the weekend. Regarding the newly launched No. 5 price list, he emphasizes that they firstly launch one-bedroom units like room B5 on the 1st floor of block 17 which is the smallest unit in usable area of 296 sq ft and at HKD4.5708 million, with the discounted price at HKD3.748 million and the discounted sq ft price at HKD12,662. It is reported that the 89 units of the No.5 price list can cash in more than HKD500 million, and the discounted selling prices range from HKD3.748 million to HKD9.396 million, and the usable areas range from 296 sq ft to 779 sq ft. He continues to point out that the application for the additionally launched units starts from now on, and the sale date will be decided according to the application situation, besides it is expected that sales will start this weekend. At the same time, SHKP updated the No. 1 price list, adjusting the pricing of 38 units to rise by 1.5% to 2%. Wetland Seasons Park is the first private project in Tin Shui Wai in nearly 10 years. This new project provides a total of 1,727 units, with about 710 units in the first phase. 15 Western Street additionally launches 11 units. Besides, Vanke (Hong Kong)’s new project 15 Western Street in Sai Ying Pun also announced the second price list yesterday, involving 11 units. This batch of units include open style and one-bedroom units in usable areas of 213-344 sq ft and at the sale prices from HKD7.811million to HKD12.431 million with the sq ft prices at HKD34,169-38,221. Most of them are located on the middle and high floors, and some units can enjoy the Victoria Harbour view or open city view. The discounted average sq ft price is HKD30,146.
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