Price increase plus 108 units with an average price of 23,800 per square foot Kwun Tong Grand Mercure Phase 1 launches 165 units for sale on Friday

28Hse Editor  2021-05-12  #New Properties

The sales of the new market have returned, and developers are scrambling to attract customers in the urban area. Kwun Tong Grand Plaza Phase I, which has already expired, has a slight price increase and an additional 108 units. The discounted average price is RMB 23,882, and the 452 sq. ft. is discounted to RMB 9,789,400. 165 units will be sold on Friday. MONACO, both in East Kowloon and Kai Tak, also launched the last 30 units yesterday, with a discounted average price of $25,401 per square foot. The HENLEY I in the region plans to add another one within the day. On the other side, Jinhuan on the south bank of Wong Chuk Hang Hong Kong Island will launch the third round of 168 units on sale this Saturday. reporter Liang Yueqin

The Kwun Tong Kaihui, jointly developed by Sino Land and the URA, has just begun to send letters to the small owners to take over the property. The project has a site area of 234,160 square feet and a buildable floor area of over 1.85 million square feet, including 4 residential buildings with a total of 1,999 units. The project, Kaihui, has a shopping mall and the first smart air-conditioned bus station in Hong Kong. Sino Land’s vice chairman Huang Yongguang personally took the former chairman of the Kwun Tong District Council, Chen Zhenbin, to visit Grand Plaza yesterday afternoon. During the interview, he said that he was very happy to cooperate with Chinese Land to develop this largest redevelopment project of the Urban Renewal Authority.

Huang Yongguang: A new look in the integration of the old and the new

He also mentioned that his younger brother ALEX (Huang Yongyao) joined the group in 2014 and won the bid for this project in cooperation with China Land on September 1st of that year. That day happened to be ALEX's birthday, and he felt that it was a birthday gift brought by his younger brother. After 7 years of development, he is very happy that his colleagues have put a lot of effort into Kaihui. Now the project has been completed, introducing a new look for the integration of the old and the new in the district.

Tian Zhaoyuan, co-director of Sino Land Group's sales department, said that there are 1,999 units in Kaihui, and 1,748 units have been sold so far, with 22 billion yuan in cash. He said frankly that many buyers rushed into the market before customs clearance was resumed. Since May, Kaihui has sold 33 units and cashed in at 530 million yuan. The first night of Phase 1 also launched 108 units with an area of 452 to 880 square feet. The discounted average price per square foot is 23,882 yuan, which is a slight increase compared to the previous units on sale. The main reason is that many high-rise units are at a discount of 9.789 million to 2,198.1 Ten thousand yuan. At the same time, 165 units will be launched for sale this Friday, of which 50 units will be sold through tender.

Tian Zhaoyuan added that the project management fee is 3.94 yuan per square foot. The club facilities include indoor and outdoor swimming pools, fitness rooms, banquet halls and indoor sports fields. The shopping mall is held by the URA for rent collection, and Xinzhi is responsible for management and leasing.

MONACO pushes the last 30 units

On the other side, Kai Tak MONACO, a subsidiary of Wheelock Properties, yesterday also added the last 30 units, all of which are three bedrooms and one bathroom with storage room, with an area of 678 square feet and an average price of RMB 31,553 per square foot, deducting the highest 19.5% discount, which is a discount. The average price per square foot is 25,401 yuan, which is 16.319 million yuan in discount. The units will be sold on a first-come, first-served basis this Saturday.

In addition, Lin Damin, general manager of the business (1) department of Henderson Property Agency, said that Kai Tak THE HENLEY I will add sea view and low-rise units within the shortest day, and the next round will be the fastestSales. The project has sold 138 units and cashed out about 1.7 billion yuan. He said that the project invested more than 70 million yuan to introduce express robots, cleaning and disinfection robots, and luggage robots to provide services to residents.

Jinhuan will sell 168 units on Saturday

New developments in the southern district of Hong Kong Island are also in a melee. Road King has partnered with Ping An Real Estate and MTR to develop Wong Chuk Hang. The third round of sales of 168 units on the south coast of Hong Kong Island will be carried out this Saturday. 160 units will be sold by lottery, and the other 8 units will be sold in the form of lottery. The tender will be launched this Saturday and will be closed next Monday, including the first launch of 4 duplex units with an area of 1,292 square feet.

Yinan uploads sales brochure

The sales brochure of Ap Lei Chau Yinan, which is under Henderson Land's off-plan for about 17 months, was uploaded yesterday and is expected to go on sale within this month.

Han Jiahui, general manager of the business (2) department of Henderson Property Agency, said that Yinan has a total of 138 units, with open-plan and one-bedroom units, the former ranging from 183 to 186 square feet and the latter from 242 to 264 square feet. In addition, there are 4 special units on the upper floor, with an area ranging from 300 to 334 square feet, with 62 to 140 square feet of platform, two of which also have 218 square feet of roof.

Longposhan tendered and sold 5 units

In terms of new property transactions, SHKP's subsidiary Sha Tin Long Po Mountain tendered and sold 5 units. Among them, Unit A on the 25th floor of Crown Tower, with an area of 1,502 square feet, had a transaction volume of RMB 30.848 million and a price of RMB 20,538 per square foot, a record high for standard strata units.

As for Henderson's Yuen Long Shangyue Tiancheng, the property sold for RMB 24.878 million with a parking space, covering an area of 1,777 square feet, and a rooftop of 431 square feet, at a price of RMB 14,000 per square foot.

Kwun Tong Grand Mercure Phase 1 Plus Price List Information

Unit: 108 units

Area: 452-880 square feet

Price: 11.517 million-25.86 million

Maximum discount: 15%

Discounted price: 9,789,400-21,981,000 yuan

Discounted price per square foot: 20,621-25,336 yuan

Discounted average price per square foot: RMB 23,882

Watchmaking: reporter Liang Yueqin

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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