Wheelock and Kai Tak in the same district price increase by 5% in 1 month

28Hse Editor  2021-02-19  #New Properties

GRANDE MONACO first launched 68 units with an average price of 23,700 per square foot

In the New Year of the Ox, the new property is rushing out. Wheelock Properties' Kai Tak Grande Monaco announced last night the first price list for 68 units, ranging from 351 to 961 square feet, covering one to four bedrooms, deducting up to 20.5% discount, a discount The average price per square foot is 23,795 yuan, which is 5% higher than the average price per square foot of 22,669 yuan in the first MONACO price list in the same district in January. A 351-square-foot one-bedroom apartment has a discount of 7.662 million yuan. ●reporter Liang Yueqin

Wong Kuan Yew, managing director of Wheelock Properties, stated that the first price list of GRANDE MONACO was used to start the New Year of the Ox. It was described as the "starting" price. The advantages of being closer to the sea, better landscape and low density. As the project is close to the Kai Tak MTR station and has open sea views and river views, the first price list will be launched at the starting price, and there will be room for a certain price increase in the later price lists.

One room discounted 7.662 million admission

The first price list includes 16 units of one-bedroom units (open kitchen), 18 units of two bedrooms (open kitchen), 21 units of two rooms, 9 units of three rooms, 2 units of three rooms with a working room and bathroom with storage One-bedroom unit and two four-bedroom units plus a working room and a toilet unit. The unit price ranges from 9.637 million to 30.446 million yuan, with an average price per square foot of 29,929 yuan.

Buyers who choose "180-day cash preferential payment plan" can enjoy a discount of up to 20.5%, the discounted average price is 23,795 yuan per square foot, the discounted price for a 351-square-foot one-bedroom apartment starts at 7.662 million yuan, and a 450-square-foot two-bedroom discounted entry 10.715 million yuan, 573 square feet three bedrooms discounted admission 13.577 million yuan. The first batch of 68 units is expected to cash in about 980 million yuan (price list), which is about 780 million yuan in discount.

GRANDE MONACO offers 5 payment methods and 8 discounts. Buyers can enjoy a discount of up to 20.5%. Most of them are similar to the previous MONACO. This time, the newly added "Friends of Wheelock" payment plan is a construction period payment plan. Buyers who have purchased Wheelock Properties (first-hand) within the past 10 years can enjoy an additional 0.5% discount. In addition, it will also consider providing one-click and two-click plans to enable buyers to have more flexibility and flexibility in working capital.

Huang Guangyao pointed out that the market conditions are quite prosperous and he is more confident in launching. The land price announced the day before in the same district is also ideal, reflecting that developers are optimistic about the market outlook.

Liu Yinglin, director of Centaline Property Kowloon, said that the opening price of GRANDE MONACO is similar to that of the first-hand goods in the same district, and there are not many second-hand listings. I believe it can continue the enthusiastic sales of MONACO.

Midland expected investors accounted for 30%

Bu Shaoming, Chief Executive Officer of Midland Realty's Residential Department, said that residential land in Kai Tak was recently approved at a higher valuation than the market’s upper limit, reflecting market confidence. GRANDE MONACO has a better geographic location than MONACO. The price per square foot is about 10% lower, and it is estimated that the proportion of investors may reach about 30%.

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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