(Journalist Leong Yuet Kam)
Developers compete to launch properties as the epidemic has eased. Upper River Bank, developed by Longfor Properties and KWG Property, additionally launched 67 units last night and added a "Medical staff housing discount" of an extra 1%, that is, medical staff can receive a total discount of up to 19%. After deducting the maximum 19% discount, the average discounted sq ft price is HKD26,756, which is about 10% higher than that of the first batch in September last year. The discounted prices are HKD12.74 million to HKD23.1064 million. The developer expresses to sell 138 units this Friday, with 66 units are tendered.
The lowest discounted price is HKD12.74 million, and the sales will be on Friday at the soonest.
The Marketing and Sales Director (Hong Kong and overseas) of KWG Property, Cheong Sze-Wan expresses that Upper River Bank takes advantage of favorable factors such as the opening of the MTR Kai Tak Station and the continued low-interest-rate environment, additionally launched 67 units yesterday. These 67 units, located in Block 1 and 2, are layouts of one-bedroom to four-bedroom double suites with study and toilets, with the usable areas in 332-1,072 sq ft. Some units are attached to the pre-emptive concession of parking lots.
The Marketing Director of Longfor Properties Hong Kong, Woo Sui-Hung expresses that the ad hoc "Medical staff housing discount" of an extra 1% will allow medical staff to receive a maximum discount of 19%. Developer also provides a "warranty of an extra six months." Every group of customers who visit the sales center will have the opportunity to receive an " Anti-epidemic Gift Package." Upper River Bank has sold a total of 299 units, cashing in nearly HKD4.3 billion. The average sq ft price is HKD25,949, and the highest transaction sq ft price is HKD35,000.
Wheelock additionally launched 51 units of OCEAN MARINI, LOHAS Park, Tsueng Kwan the day before yesterday. The Executive Director of Wheelock, Woo KwongYiu expresses that the recent epidemic situation has stabilized, and it is the right time to launch properties to the market. This batch will possibly be put on sale on this weekend of the soonest. He points out that the additionally launched units are quality units facing the sea, and the prices are original, based on the factors such as sitting orientation and landscape. The rooftop feature unit is at the sq ft price of HKD21,323, a new high of the project.
OCEAN MARINI will possibly be put on sale on the weekend.
Centaline Mortgage and mReferral Mortgage offer a high percentage or low-interest mortgages for buyers of this project. Customers who choose P Mortgage can enjoy a low interest to 2.35%, with the full-term mortgage as low as P-2.9%, and the cash rebate is up to 1.3 % of the loan value; Customers who choose H Mortgage can enjoy a super-high cash rebate up to 1.6% of the loan value, with the full-term mortgage as low as H+1.24%, and the maximum-limit is low to 2.5% (equivalent to P-2.75%). Customers can also enjoy high-interest deposit accounts that are consistent with interest rates. Woo KwongYiu also points out that property prices have only been reduced by a few percentage points since the year-to-date. With the gradual decline in the number of confirmed COVID-19 cases, the market may have a chance to return to normal in May. It is expected that the property transaction volume will rise in the next few weeks, and property prices will stabilize. "During the outbreak period of Sars, the sales of small and medium-sized units had led the market trend." They are still confident that property prices will rebound in the second half of the year. Developers will also actively launch projects. The Group's project on Sin Fat Road, Kwun Tong, is under the stage of waiting for the pre-sale consents, and the sales plan in the second quarter does not change.
Mount Regency Phase II will put on sale 20 units on Saturday.
SHKP announced to put on sale 20 units of Mount Regency Phase II in King Sau Lane, Tuen Mun, on a first-come-first-served basis this Saturday. The additionally launched units are layouts of one-bedroom to three-bedroom, and the average discounted sq ft prices are from HKD14,179 to HKD19,510.
Besides, Solaria, Pak Shek Kok, Tai Po, started the handover procedure last month. The Director of Sales and Marketing Planning (Hong Kong) of the developer K.Wah International, Wan Wai-Ming expresses that Solaria's clubhouse uses double glass house design, setting with many brand new club facilities. The "WE PLANT Hydroponic Garden" introduces an emerging hydroponic cultivation method, with special LED lights, to provide plants with an all-weather growth environment. The "WE TRAIN Fitness" is the first to set with Cardio health and fitness facilities of Technogym SKILL series in Hong Kong private housing estates.
A villa in The Carmel was sold to exceed HKD30 million.
About the first-hand property market, Wing Tai Properties Limited sold the No.16 villa in The Carmel, Tuen Mun, for HKD30.968 million, with the sq ft price at HKD16,849, and the usable area is 1,838 sq ft connecting with garden in 201 sq ft. Mount Regalia developed by Paliburg and Regal Hotels in Kau To, Sha Tin, sold Room A on the 6th floor of Block 8 by tender for HKD35.706 million (including the parking lot). It is a four-bedroom two suites unit in a usable area of 1,623 sq ft, and the usable area sq ft price is HKD22,000. The buyer will have a 720-day fixture date.
