Mong Kok gets on the train and wins the game. Sunny Bay 23 parity raid the first batch of 18,800,276 square feet, 4.65 million admission

28Hse Editor  2021-05-06  #New Properties

The new disc war in the urban area is heating up, and the boarding in Mong Kok is even more scuffle. On the eve of the sale of ONE SOHO and Qianwang in Mong Kok, it is conducive to the cooperative development of the Group and the Urban Renewal Authority. The uncompleted period is about 8 months. The sales brochure and the first price list of 23, at 23 Cedar Street, Mong Kok, were suddenly uploaded yesterday and the first price list 50 Man, the discounted average price per square foot is RMB 18,858, which is 13% and 16% lower than the discounted average price per square foot of the first price lists of ONE SOHO and Qianwang, and is also about 15% lower than the price per square foot of neighbouring Leo Fang•Xianan, 276 The square-foot open-style apartment has a discounted admission of 4.653 million yuan and a discounted admission price of 16,859 yuan. The developer even offers 85% one-time mortgage for units with a property price of more than 10 million yuan. reporter Liang Yueqin and Cen Jianle

Wong Huimin, executive director of the Group, described the offer as a "favorable price", and the specified price was very suitable and attractive. She is quite confident in the Hong Kong property market and believes that property prices will rise steadily. Lee Ching Wan 23 offers 142 units. The show unit is located on the ground floor of No. 26 Kimberley Road in Tsim Sha Tsui. It will be open to the public today. Tickets will be collected on the same day and will be available for sale as soon as next week.

10% lower than the new second-hand in the same district

Liqingwan 23’s first price list for 50 units, covering 10 open-plan units, 32 units with one room and 8 units with two rooms, covers an area of 276 to 466 square feet, deducting a maximum discount of 16.5%, and the discounted price is 4.653 million yuan to 8.944 million yuan. The discounted price per square foot is RMB 16,859 to RMB 21,248, and the average discounted price per square foot is RMB 18,858. The admission unit is Room A on the 9th floor of 276 square feet. It is an open-plan apartment with a discounted price of RMB 4.653 million and a discounted price of RMB 16,859 per square foot. The developer even provides a 85% one-off mortgage for units with a property price of more than 10 million yuan. The mortgage interest rate for the first 24 months is P-2.5 (currently P is 5%), and the subsequent mortgage interest rate is P+1%.

Chen Yongjie, vice chairman and president of the residential department of Centaline Properties Asia Pacific, said that the first price per square foot of Liqingwan 23 is about 10% lower than the price per square foot of new second-hand housing estates in the same district. The asking price is attractive because there are multiple projects of the same type in the same district. It was launched at the same time, and the competition was high, which caused developers to open lower to meet the booming market. Moreover, the project is a short off-plan project, which is more attractive for car users.

Bu Shaoming, chief executive of Midland Realty's residential department, pointed out that the market debuted at a shocking price, about 10% to 20% lower than the price per square foot of new real estate in the area, and it is likely to attract young customers to pursue it, which is estimated to account for 80%. He believes that in addition to users, it is expected to attract many investors, accounting for 20% to 30%.

On the other side, Sino Land Partners and URA’s cooperation with ONE SOHO, Shandong Street, Mong Kok, will cut the ticket at 3 o’clock this afternoon, and then sell 75 units in the second round in the evening. Tian Zhaoyuan, co-director of Sino Land's sales department group, pointed out that the 75 units sold in the second round of sales started at a discount of 5.99 million yuan. The market was sold yesterday at Room B5 on the 25th floor for 8.2236 million yuan, with an area of 308 square feet and a price of 26,700 yuan per square foot. The transaction price hit a new high for the project. 126 units have been sold within 5 days of the project’s launch, and more than 8 cash out.72 billion yuan.

ONE SOHO's second round of sales in the evening

Chen Yongjie, vice chairman and president of the residential department of Centaline Property Asia Pacific, predicts that the rent per square foot after the completion of ONE SOHO can reach 50-60 yuan. Liu Yinglin, director of Centaline Real Estate Kowloon, said that the first 10 buyers who purchased ONE SOHO through the bank will exclusively entrust Centaline to lease the property after repossession, and receive one year of free rental management services, with a total value of 108,000 yuan.

15 WESTERN STREET adds 13 more units

In addition, new projects in the Western District of Hong Kong Island have also added clearance. Vanke Hong Kong’s 15 WESTERN STREET, Xiyingpan, sold 8 units in the past week and cashed in nearly 90 million yuan. It was decided to add 13 additional units, covering one-bedroom to three-bedroom units, at a discounted price of 9.377 million to 21.391 million yuan, and a discounted price of 30,512 to 34,502 yuan per square foot. At the same time, six units will be sold on a first-come, first-served basis this Saturday.

Henderson Land's existing Xiying Pan Yilifang No. 1 sold 8 units this Sunday. Han Jiahui, general manager of the business (2) department of Henderson Property Agency, said that the market has strong demand for home ownership and has attracted many young buyers since the sale. And investors’ support, the sales arrangements were announced yesterday. 8 units were launched on May 9 for sale, including 5 units of one-bedroom units and 3 units of open-plan units. The discounted price is 7.279 million to 9.707 million, and the discounted price is 29,977 to 33,985 yuan.

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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