WSP Phase 2 additionally launch properties. More than 2200 people viewed houses in Aquila.
The relaxation of restriction of gathering stimulates the property trading to rise, and the market expects that there will be many new projects being launched in May and June. Wing Tai Properties Limited's OMA by the Sea in So Kwun Wat, Tuen Mun, took the lead to enter the market and sell the first round of 268 units yesterday. The developer pointed out that it had sold 213 units, which account for 80% of the units available for sale, as of last 9 pm, and the selling is ideal. SHKP's Wetland Seasons Park Phase 2 in Tin Shui Wai also took advantage of the hot sale to additionally launch 70 units, and the developer pointed out that the prices are original.
Journalist Ngan LunLok
OMA by the Sea announced the first price list in the early time at the prices as that of one year ago. It put on sale the first round of 268 units from three price lists yesterday, and 90% of the units are at discounted prices lower than HKD6 million, with the most economical cost for open style units at HKD3.881 million. It is understood that the project has received more than 1,000 intentions to buy a house, but the final sales are not satisfactory. The market source shows that there were 213 units, accounting for 79.4% of the units available for sale, sold throughout the day.
Centaline: The first-hand property turnover increased by nearly two times for the moment.
The Vice-Chairman and Residential Department President of the Asian Pacific Region of Centaline, Chen Wing-Kit expresses that the customer's attendance rate of Centaline on the first stage yesterday was about 70%. He explains that the recent launching of many new projects will inevitably lead to competition, and OMA by the Sea lost about 10% of customers yesterday in the procedure of house selection. However, he continues to be optimistic about the property market prospects and believes that the first-hand property market in May will be prosperous. The first-hand property transactions would be temporarily recorded for more than 720 cases, nearly double of 252 in the same period last month, and close to more than 800 in the previous month.
Chen Wing-Kit believes that the relaxation of the restriction of gathering will further stimulate the gradually rebounding property market. Developers compete to launch housing units. It is expected that the first-hand property transactions in May will reach 2,000 cases, a one-year new high. The Chief Executive Officer of Residential Department of Midland, Po Siuming also is optimistic that the number of first-hand property transactions this month would reach 2,000 and expects the second-hand property transactions to reach 3,800, up 9% from about 3,500 in April.
WSP additionally launch 70 units, focus on featured units.
Besides, SHKP's Wetland Seasons Park Phase 2 in Tin Shui Wai additionally launched the No.2 price list yesterday. And it includes 70 units. The Acting General Manager of SHKP, Wo Chi-Yuen expresses that the new batch has two-bedroom, three-bedroom, and four-bedroom units. The focus is on supplying the feature units and villas. The standard units and feature units are 383-670 sq ft, and the villas are 677-1,272 sq ft. The discounted prices are HKD4.884-17.248 million with the discounted average sq ft price at HKD11,779, maintaining a direct highest discount of 18%.
The project recently announced the launch of the first price list of 140 units at a discounted average sq ft price of HKD11,368. The average sq ft price of this batch of units is slightly higher than that in the first price list by 3.6%. Wo Chi-Yuen points out that the new price list provides the original prices, and the average sq ft price is higher because of some feature units and villas in this batch. As of 4 pm yesterday, the letters of house purchasing intent had been collected by over 2,000, an over-subscription of nearly nine times base on the 210 units had been announced in the price list.
Aquila collected applications of over-subscription by doubled on the first day.
In the past two days, a total of 285 first-hand property transactions were recorded. But they mainly are from OMA by the Sea, accounting for about 70%. Other new projects only had a few transactions. Henderson's Aquila．Square Mile announced the first price list of 100 units last Friday and started to collect applications yesterday. The applications on the first day were over 200 cases, an over-subscription of about doubled. The developer points out that the project has open exhibition hall and sample flats since last Friday, and more than 2,200 person-time visits had been recorded until 6 pm yesterday.
Ccrescent Green, a low-density luxury mansion in Kam Tin, Yuen Long, and developed by Road King Properties, had sold 11 units on three days since last Friday as of 6 pm last night. The layouts are three-bedroom, two-bedroom, and open style units. China Evergrande's Emerald Bay in Tuen Mun had sold about 20 units on the weekend. The small two-bedroom units that have been launched and available for sale (343-372 sq ft) were sold out.
