Mansions Are Booming; Villa in Mont Rouge Is Sold for HKD350 Million.

28Hse Editor  2020-05-05 
The epidemic has stabilized, and Kerry Properties' Mont Rouge in 9 Lung Kui Road, Shek Kip Mei, firstly recorded a transaction for a villa. According to the transaction record book, Mont Rouge's No. 3 villa has four bedrooms suites with a worker's room suite, with a usable area of ​​5,128 sq ft, joining a 1,820 sq ft garden and a 996 sq ft rooftop. The transaction price is HKD350 million, the new high for first-hand luxury homes in Kowloon this year, with the sq ft price at HKD68,253, which is the new low in the project. The buyer chooses a 90-day fixture date and receives a favorable warranty for the first three years. Journalist(Leong Yuet Kam) Poly Property's Vibe Centro in Kai Tak also recorded a significant transaction yesterday. The market source points out that, this project sold the Room C1 on the 1st floor of low-rise Block 5 for HKD46.88 million. Its a compound garden feature unit, in the layout of four-bedroom plus all-purpose room, with the usable area of 1,376 sq ft, joining garden of 426 sq ft, and the sq ft price is HKD34,070. Low-rise feature unit in Vibe Centro sold for HKD46.88 million. Chinachem's Jade Cove in Tuen Mun also sold four villas by tender, and they are 32B (usable area of 2,218 sq ft), 33B (usable area of 2,221 sq ft), 35B (usable area of 2,227 sq ft), and 36B (usable area of 2,221 sq ft). The sales of these four villas include one parking spot. Villa 35B is HKD30.6 million, including furniture, and each of the other three is HKD29.08 million. Jade Cove sold four villas, with the most expensive one for HKD30.6 million. Mount Regalia in Kau To, Sha Tin, which is developed by Paliburg and Regal Hotels, sold Room A on the 3rd floor of Block 8 by tender yesterday. It is four-bedroom two suites in the usable area of 1,623 sq ft, and the transaction price is HKD32.46 million, including one residential parking space, with the sq ft price at about HKD20,000 and a fixture date of 720 days. SHKP additionally launches compound mansion in Ultima by tender. Seeing there is a rising market for luxury properties, SHKP additionally launches a compound mansion of Room A on the 28-29th floor of Block 7 in Ultima, an existing project in Ho Man Tin. The tender will be closed daily from Friday. It is in a usable area of 2,373 sq ft and joins a platform of 670 sq ft. At the same time, Kerry also additionally launches one feature unit in The Bloomsway, So Kwun Wat, Tuen Mun by tender, which will be closed day by day from Friday. It is Room A on the 7th floor of Block 6 in Ming Ting, with the usable area in 1,742 sq ft, and it has one platform of 967 sq ft, also a rooftop of 1,513 sq ft. The unit of abandoned transaction in Mount Regency Phase II will be put on sale again on Saturday. Besides, SHKP recorded two consecutive abandoned transactions in Mount Regency Phase II, Tuen Mun, yesterday. The two buyers are estimated to have been confiscated by the developer for about HKD740,000. The developer yesterday increased the prices of these two units (Room C on the 16th floor of Block 2A, and Room J on the 1st floor of Block 2A) by 2-5%, and will put on sale them together with other eighteen units on Saturday by first come first served. The layouts are open style to three-bedroom suites, with the average discounted sq ft prices at HKD15,200-19,430. This project has sold 395 units, cashing in more than HKD2.5 billion.
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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