2024-04-30 28Hse Editor
Wong Chuk Hang Station's new project first launches 160 units, developers provide 70% of the price
Over the past 30 years, the new MTR station on Hong Kong Island has built large-scale residential projects, Road King Real Estate and Ping An Real Estate Co., Ltd. Wong Chuk Hang Station Hong Kong Island South Coast Phase 1 Jinhuan announced yesterday the first price list for 160 units, with a maximum deduction of 18%. The discounted prices of all the units were more than 10 million yuan, and the average discounted price per square foot was 29,689 yuan. It was the most expensive new railway project ever opened, with a 386-square-foot one room discounted entry of 11.461 million yuan. Due to the large size of the unit, the developer provides a 120-day standby one-click loan, and the designated financial institution provides a 70% one-click loan.
reporter Liang Yueqin
Feng Hailun, Director of Sales and Marketing of Road King Real Estate, described that as Jinhuan is the first real estate on the south coast of Hong Kong Island, the first price list of Jinhuan is a "jumping price", reflecting the improvement of living standards, it is difficult to have similar properties in the same district For comparison, the price refers to the luxury housing on Hong Kong Island, which is launched at market price. Since it only takes about 8 minutes to reach Admiralty Station from two MTR stations, it is very convenient even to Central, so it attracts no less than working people in Central, changers on Hong Kong Island and investors inquiries.
Set up the big-hand guest group to start collecting tickets today
She said that the market began to collect tickets and open demonstration flats today, and the response will be good, and there will be room for price increases. It will go on sale as soon as next weekend, and there will be a large-handed category.
The Jinhuan price list has a total of 160 units, including 42 units with one room, 78 units with two rooms and 40 units with three rooms, with an area ranging from 383 to 937 square feet. If buyers choose the 120-day payment method, they can enjoy a discount of up to 18%. The average discounted price per square foot of the unit is 29,689 yuan, the discounted price is 11.461 million to 28.67 million yuan, and the discounted price per square foot is 27,005 to 34,131 yuan.
Three-bedroom discounted net price of 25.3 million admission
The first batch of one-bedroom units is Room G on the 6th floor of Block 1A, with an area of 386 square feet. The discounted price is RMB 11.461 million and the discounted price is RMB 29,692 per square foot. The two-bedroom unit has an area of 487 square feet, which is a discount of 13.17 million yuan and a discount of 27,043 yuan per square foot. The three-bedroom admission unit has an area of 937 square feet, which is a discount of RMB 25,304,000 for admission and a discount of RMB 27,005 per square foot.
She said that the project provides 4 payment methods, with a discount of 15.5% to 18%, which are 120 days cash payment, 120 days standby one-click loan, 360 days cash discount and construction period payment methods.
Jinhuan has a total of 800 units, consisting of two buildings, 37 floors high, with an area of 289 to 2,084 square feet. The unit types range from open-plan to four-bedroom units. There are 13 units on the first floor of the standard floor. Among them, some of the 23rd to 42nd floors of Tower 1A are duplex units, overlooking the sea. The key date is expected to be December 31, 2022.
Road King Infrastructure Construction Partners Pingbao won the bid for Wong Chuk Hang Station Phase 1 in February 2017. The land premium was 4.68 billion yuan, which was converted to 8,119 yuan per square foot, and the dividend ratio was 35%..
According to local agency information, the transaction price per square foot of the neighboring second-hand housing estates in Jinhuan varies. Compared with the RMB 22,358 per square foot of Nanwan, which enjoys views of the Shenzhen Bay Yacht Club and Ocean Park, the average price per square foot of Jinhuan’s opening discount is 32% higher. However, the latest sold price per square foot of No. 9 Sham Wan, which has a view of the Deep Bay Yacht Club, reached 43,165 yuan, and the latest sold price per square foot in Ap Lei Chau Southern District·Left Bank was 35,167 yuan.
Agent said investors accounted for half of inquiries
Chen Yongjie, vice chairman and president of the residential department of Centaline Real Estate Asia Pacific, said that Jinhuan’s offer is attractive, with a 15% discount compared to nearby newer properties. The bank has received enquiries from thousands of customers, with investors accounting for about 50%. , It is expected that Jinhuan’s rental income will be satisfactory, reaching 2.5% to 3%, and the lease rate is 70 to 80 yuan per square foot.
Bu Shaoming, chief executive of Midland Realty's residential department, pointed out that Jinhuan will seize the market focus, freeze the market to a certain degree of purchasing power, and attract many long-term investors. At present, 50% of enquiry clients are investors.
129 units of Royal Bay II are on sale today
On the other side, SHKP’s Tuen Mun Royal Bay II’s first round of 129 units went on sale today, of which 128 units were sold at the price list. The ticket was closed yesterday. According to the news, 1,359 votes were collected, nearly 10 times the over-registration, and 1 unit with special features. It is sold by bidding.
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