SHKP Will Put on Sale Tin Shui Wai Project within the Month.

28Hse Editor  2020-03-13  #New Properties
(By Liang Yueqin) The COVID-19 epidemic has spread to the whole world, causing significant fluctuations in the global economy and stock markets. Developers have accelerated the pace of launching projects. Lui Ting, the Vice Managing Director of Sun Hung Kai, expressed yesterday that Wetland Seasons Park Phase 2, adjacent to Tin Shui Wai wetland park, is preparing the brochure after obtaining the pre-sale consent before. He also said that it deploys before the end of the month to offer prices and put on sale. He emphasized that anti-epidemic measures would be taken sufficiently at sales offices and sample flats. " We will offer a safe and secure environment for colleagues and customers before doing a well business." Lui Ting: US interest rate cuts attract property purchasing. He said that the response to phase 1 was good when the sale began at the beginning of this year, and many customers focus on it. Facing the global economic and stock market volatility, he expressed that the Federal Reserve System's sudden announcement of interest rate cuts helps to relieve the housing burden, and also attracts tenants to buy homes. Moreover, the property is a stable asset. At present, first-hand property buyers are mainly users, and the epidemic is believed would be only short-lived. He expects that the property market will improve after the second quarter of this year, and property prices throughout the year will increase moderately. In particular, Lui Ting pointed out that regular disinfection and cleaning will be conducted this time in phase 2's sample flats and sales office located in the International Commerce Centre, Kowloon Station. Also, all visitors must wear masks and take body temperature. It is understood that this phase provides 699 units, consisting of eight low-density residential buildings in 10-floor and six villas in 5-floor. Wo Chi-Yuen, the Acting General Manager of SHKP expresses that there are 556 standard stratified units, including layouts of one-bedroom to three-bedroom in areas of 290-820 sq ft, and one-bedroom and two-bedroom units among account for 70%. The key date of the project is July 15, 2021; that is, the pre-sale period is about 16 months. OCEAN MARINI receives applications in over-subscription of 16 times. On the other side, the application for LOHAS Park OCEAN MARINI in Tseung Kwan O developed by MTR and Wheelock will close today. As of last night, it had collected 3,500 applications, an over-subscription of 15.8 times base on the first batch of 208 units that would be put on sale tomorrow. Woo KwongYiu, the Executive Director OF Wheelock, expresses that the group's real estate transactions are still active even though the stock market has been volatile recently. So it is estimated that the stock market volatility has little impact on the property market. The mReferral offers two types of mortgage concessions for buyers of this project. The H mortgage is low to H+1.24%; that is, the mortgage interest rate is flat to 2.25% base on the monthly H was 1.07% yesterday. And the cash rebate is 1.6% of the most. Buyer also can choose mortgage up to 80% of the highest, with the interest rate of P-2.5% (P is 5.25%). Buyers who apply for an API mortgage online have the opportunity to get a "Monopoly Dream World Ticket." Cheung Kong additionally launches mansion in Repulse Bay. Cheung Kong launches a tender for House 1 (with two parking spaces) at 90 Repulse Bay Road in Repulse Bay, which covers an area of ​​5,862 sq ft, and the tender will close the next Monday.
Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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