The sales of projects in the downtown area are well. Aquila additionally launches 50 units with mark-up.
Vanke Hong Kong put on sale the first round 188 units of The Campton in Cheung Sha Wan at prices lower 20% than the market prices in the same district, and the application closed yesterday. Many people went to the exhibition and sales hall in Tsim Sha Tsui in the rain and viewed the sample flat also registered applications. This batch of units will be put on sale tomorrow morning. Besides, Henderson Land's Aquila．Square Mile in Mong Kok, a project also located in downtown Kowloon, additionally launched 50 units with price increase yesterday, and will put on sale 36 units on this Friday.
Journalist Leong Yuet Kam
The collection of applications for The Campton in Changsha Bay is ideal. On the other side, the Emperor's Central 8 in Midlevels West has received about 150 applications, an over-subscription of 1.2 times based on the first round of 68 units, which will be put on sale this Thursday. The Vice-Chairman and Residential Department President of the Asian Pacific Region, Centaline, Chen Wing-Kit, expresses that the project's sq ft rent is estimated to reach HKD100 with the rate of return in 3-4% since it is close to Central and Sheung Wan. Thus, it is predicted buyers would mostly be long term investors. The Chief Executive of the Midland Real Estate Residential Department, Po Siuming, points out that the pricing of the project is a certain lower than that of the new projects in the same district. And the proportion of long-term investors among the applicants may account for about 40%.
Henderson Land's Aquila．Square Mile in Mong Kok additionally launched 50 units with mark up yesterday, and they include two-bedroom units that are first launched. Hon Ka-Fai, the General Manager of Agent Business Department (2) of Henderson, expresses that the additional launched units include open-style, one-bedroom, and two-bedroom units. The prices are HKD4.955-11.11 million, with discounted prices at HKD4.608-10.332 million, and the prices of some individual units are adjusted slightly by 1%. The project will put on sale 36 units on a first-come-first-served basis this Friday. The Richmond, a project of the same series in Robinson Road, Midlevels West, will put on sale four units this Friday. They are all open style units in 219 sq ft at prices of HKD7.677-8.037 million, with the discounted prices at HKD7.139-7.474 million.
OMA by the Sea has two new high records.
Chung ChiLam, the Development Executive Director and Sales and Marketing Director of Wing Tai Properties Limited, expresses that OMA by the Sea in Tuen Mun sold 6 top floor units with rooftop by tender yesterday. Room C2 on the 17th floor of Block 1, which is 619 sq ft in the layout of three-bedroom with two bathrooms and a private rooftop of more than 550 sq ft, was sold for HKD10.055 million, and the sq ft price was up to HKD16,244. The cost and sq ft price are the new high records in this project.
The same series project The Carmel in Castle Peak Road sold the No.63 villa for HKD27.84 million yesterday. It is 1,740 sq ft and has a platform of 226 sq ft, also a garden of 335 sq ft. The sq ft price is HKD16,000.
Heung To sold 3 units, cashing in nearly HKD170 million.
Nan Fung's existing project, Heung To in Shau Kei Wan, sold three large units in succession yesterday, cashing in nearly HKD170 million in a single day. SHKP's ST MORITZ in Kau To sold the Sommet 6 House for HKD160.8 million yesterday. The House is in usable area of 3,733 sq ft, and has a garden and rooftop, with the sq ft price at HKD43,075.
Solaria today resells the units that came across abandoned transactions.
However, K.Wah's Solaria in Pak Shek Kok of Tai Po had recorded nine abandoned transactions at large amount last Friday, involving HKD11.83 million. These units were sold in June 2018, and five of them are arranged to resell today.
