Since May, the first-hand property transactions have recorded over 1,750 cases, a new high of the year.
After the National People's Congress passed the National Security Law Related to Hong Kong Area yesterday, the first-hand property sales continue hot, collecting about 260 applications. EMPEROR IHL's Central 8 in Mosque Street, Midlevels West, put on sale the first round of 68 units last night. People can buy their first house in this project since the discounted prices are less than HKD5 million. The market source points out that 32 units were sold last night, with a sales rate of 47%. Since the announcement of the "National Security Law Related to Hong Kong Area" on Friday, more than 600 units have been sold in the past week, and the first-hand transactions have been recorded since May were more than 1,750, a one-year high.
Journalist(Leong Yuet Kam)
Yesterday, Central 8 put on sale the first batch of 68 units, in usable area of 181-311 sq ft, with the discounted prices of HKD4.888-10.8363 million. All units come with furniture. This project arranged house selection in Emperor Happy Valley Hotel in Wan Chai at 6 pm yesterday. Prospective buyers were grouped by time and registered in line in the underground parking lot of the hotel. After undergoing a body temperature test, they were arranged to go to the venue for the house selection procedure. The market source on the site pointed out that many prospective buyers are young customers.
Cheong Bing-Keung, the Executive Director of Emperor Group (International), points out that the house selection was smooth. As of 8 pm last night, 22 units have been sold in more than an hour. Most customers are from Hong Kong Island, with half of the investors and half of users. One large buyer spent about HKD10 million to buy two open style units. And there were also foreign buyers. Regarding the National Security Law Related to Hong Kong Area passed by the National People's Congress, he believes that property investment is long-term, and short-term fluctuations are little.
The Campton additionally launches 47 units, with prices increasing by 3%.
The Campton in Cheung Sha Wan had sold out the first round of 188 units the day before. The developer Vanke Hong Kong additionally launched 47 units with a price increase. They are one-bedroom to three-bedroom units in usable areas of 369-761 sq ft. The sale prices are HKD7.852-15.706 million, and the discounted prices are HKD6.596-13.194 million, with the discounted average sq ft price at HKD17,896 and the discounted sq ft prices of HKD16,171 to 19,767. The project launches three-bedroom units with dry wet separation for the first time, distributed in rooms B on the 5th to 10th floors. The prices are slightly adjusted by 2% to 3% from the previous price list, neglecting landscape, sitting orientation, and story factors.
SHKP's Wetland Seasons Park Phase 2 in Tin Shui Wai will sell the second round of 298 units tomorrow. The application closed at noon yesterday, with over 7,000 cases recorded preliminarily, and the number is over-subscribed more than 22 times.
SEA TO SKY has started soft selling.
Other developers have also accelerated the pace of launching. Kwok Chi-Wai, the Investment Director of Cheung Kong, points out that they had granted a letter of promotion entrustment to the relevant cooperated real estate agents yesterday, to help with the sales of SEA TO SKY, LOHAS Park Phase 8. He describes the project's sales as having entered the final stage and predicts the first round of sales in June. This project provides 1,422 units and had obtained the pre-sale consent earlier this year.
Upper River Bank, a project developed by Longfor Properties and KWG Property in Kai Tak, adds dual home purchase preferences to attract customers. The favorites include the "Flexible Housing" construction period payment plan and "Housing Discounts for Medical Workers" Extended preferential. The Marketing and Sales Director (Hong Kong and overseas) of KWG Property, Cheong Sze-Wan, expresses that the "Flexible Housing" construction period payment plan applies to all price lists and provides up to a 13% discount. Customers who choose this payment plan only need to pay 5% of the property price when signing the temporary sale and purchase agreement, and the transaction period is up to about 17 months.
Woo Sui-Hung, the Marketing Director of Longfor Group Hong Kong, expresses that the "Housing Discounts for Medical Workers" (1% discount on property prices) is well received by medical staff. So, they extend it to qualified medical personnel or relatives, with a discount of up to 19%.
