Henderson Kai Tak THE HENLEY I will be launched within the shortest month

28Hse Editor  2021-04-08  #New Properties

(reporter Liang Yueqin) Even though the acceptance of several urban new properties has been tested recently, the developers' desire to launch new properties has not diminished. The two residential land projects in Kai Tak that Henderson Land purchased from HNA in 2018 for nearly 16 billion yuan were officially named THE HENLEY. Among them, THE HENLEY I, No. 7 Mutai Street, Kai Tak, which has approved the pre-sale consent, is the fastest this month On sale; SHKP's Phase 1 Long Parker Hill, Sha Tin, Sha Tin, will announce the first launch of no less than 40 units for tender for sale in the next few days.

Lin Damin, general manager of the business (1) department of Henderson Property Agency, said that THE HENLEY is positioned as a seaside world-class residential project, developed in three phases, with 7 residential buildings (including 3 high-rise buildings with 35 floors, and 4 low-rise buildings with 6 floors), providing 1,184 units, the key date of the project is April 30, 2022, and the uncompleted period is about one year. The project has a view of Kai Tak Sports Park and Victoria Harbour. It is about a 200-meter walk to the Kai Tak MTR station, shopping malls and other supporting facilities in the area.

Provides 479 units with two and a half rooms accounting for 20%

He pointed out that THE HENLEY I has been approved for pre-sale and will have a chance to sell it this month as soon as possible. THE HENLEY I includes the second high-rise building and the low-rise buildings A, B, C, and D. A total of 479 units are provided. The unit types range from open-plan to three and a half bedrooms (with suites). There are also limited special units with a useful area of 186. Up to 1,350 square feet, a total of 163 units of two-and-a-half bedrooms or more are provided, accounting for 34% of the total number of units in the first phase, and a two-and-a-half bedroom unit accounting for 20%, with a saleable area of about 550 square feet.

Longpo Mountain announces its first round of tenders within this week

On the other hand, Lei Ting, deputy managing director of SHKP, stated that the first batch of units in Phase 1 of Longpershan in Sha Tin will be announced this week to launch the first batch of no less than 40 units in the form of bidding. He also pointed out that the project is positioned as a “Tian Zhu in Sha Tin District”. "It has the advantage of being condescending. Since Sha Tin has not had luxury housing supply for a long time, the selling price will refer to the prices of new properties in the same Shatin Jiutu Yun and Tai Wai districts. "The price of 20,000 yuan per square foot is reasonable and acceptable." Phase 1 Longbo The mountain has a total of 196 units, with a saleable area of 920 to 2,152 square feet, all of which are three- and four-bedroom large units, with a parking ratio of more than 1:1.

Lei Ting continued to point out that the second-hand property market was quite active in the first two months of this year. It is normal for the sales of new houses to rebound slightly recently, and second-hand transactions are still booming, reflecting that there is still rigid demand in the market. Many new properties will be launched this season. In addition, Hong Kong has begun to vaccinate, which is conducive to the resumption of customs clearance and economic growth. I believe the property market will continue to be active. He said that in the second quarter, SHKP will have the opportunity to sell the Tuen Mun Royal Bay Phase 2, the Yuen Long Station and the Tin Shui Wai Wetland Park project. "There will still be property sales monthly, and there will even be a chance to launch two new properties a month."

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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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