(By Liang Yueqin)
The application for the first batch of 208 units of LOHAS Park OCEAN MARINI, which had been launched at prices of 2.6% lower than the market level, closed at 5 pm yesterday. The market source points out that it has received over 3,800 applications, an over-subscription of 17.3 times, under the global stock market volatility caused by the COVID-19 epidemic. Among them, more than 100 are Group A big customers, who can buy up to 2-4 units, and 1 unit of which must be above 700 sq ft. These 208 units will be put on sale today.
Leong Chi-Kin: Buyers in need will arrive and purchase.
Leong Chi-Kin, the Chairman of Wheelock Real Estate, expresses that he is not worried about the first round sale today since the project focuses on users. " They will come and buy if need, and will not hinder by the stock market disaster." Regarding about 240 units that have not yet been offered prices of the project, Leong Chi-Kin expresses that the group will not stock up the remaining units and will put on sale them by market prices depending on the actual market situation.
The developer maintains a series of anti-epidemic measures adopted while visiting the sample flat to prevent the epidemic situation. All the people entering the sales office need to measure their body temperature and wear masks. Limiting the number of attenders and dayparting is adopted when selecting houses. There are many private rooms to separate the customers and provide more privacy. The developer also has a backup plan. Once the sales office at the Gateway Tower in Harbour City, Tsim Sha Tsui is closed due to the outbreak of the epidemic, the sales office will be moved to Marco Polo Hong Kong Hotel, Harbour City, Tsim Sha Tsui.
OMA feature house hit new highs.
Although the stock market fluctuates, there are still first-hand property units being sold at high prices. Wing Tai Properties Limited's OMA OMA in So Kwun Wat, Tuen Mun sold a top floor feature mansion "SKY OMA" by tender yesterday. Chung Chi-Lam, the Executive Director and Sales and Marketing Director of Wing Tai Properties Limited, points out that room C on the 20th floor of block 2B was sold for HKD18.9 million. It is 1,094 sq ft, connecting a platform of 421 sq ft and a rooftop of 716 sq ft, was sold for HKD18.9 million. The price hits the new high of the project, with the sq ft price at HKD17,276.
Lake Silver additionally launches 3 compound apartments.
Sino's Lake Silver in Ma On Shan also sold 1 feature unit by tender. It is room H on the 68th and 69th floor of block 8, with an area of 1,578 sq ft. It also has a platform in 1,088 sq ft and rooftop in 58 sq ft, and the transaction price is HKD30.9288 million, with the average sq ft price at HKD19,600. This project has recorded 4 transactions of feature units in eight days, cashing in over HKD113 million, and additionally launched the last 3 units yesterday. They are located in blocks 1 and 7, all of which are compound apartments with a swimming pool. The tender will start next Tuesday.
