Pre-sale applications for the first half of the year have been reduced by nearly 50%

28Hse Editor  2021-07-08  #Transaction

(Reporters Liang Yueqin, Yan Lunle) The supply of private housing continues to decline. According to the Lands Department, a total of 3 residential projects have newly applied for pre-sale consents in June, involving 838 units, although the figures have increased monthly 2.2 times. However, in the first half of the year, there were only 6,511 new units applying for pre-sale, a significant decrease of approximately 49% compared with the same period last year. As the number of new application units in June was less than the number of approved units, the number of pre-sale units rolled over and pending approval reached 12,639 units, a monthly decrease of 2.6%. In June, the three new projects that applied for uncompleted condominium consents were mainly from Phases 3A and 3B of the Lam Tin KOKO HILLS development project under Wheelock Properties. However, the uncompleted properties were all over 38 months and did not meet the government’s maximum 30-month forecast. Sales requirements.

KOKO HILLS Phase 3B uncompleted up to 40 months

In response, Huang Guangyao, managing director of Wheelock Properties, stated that he had already applied for pre-sale approvals for Phase 3A and 3B of KOKO HILLS, Lantian Mid-Levels, involving 836 units. According to the group's launching pace, it plans to launch the market in 2022. The Lands Department announced yesterday that the new application for pre-sale consent in June involves 3 new projects, including KOKO HILLS Development Phase 3A (392 units), KOKO HILLS Development Phase 3B (444 units) and the Lantau Demarcation Agreement Lot No. 763 (2 units) in lot 332. It is worth noting that the key date for Phase 3A of the KOKO HILLS Development Project is September 30, 2024, and the key date for Phase 3B of the KOKO HILLS Development Project is October 31, 2024, of which the latter has an off-the-plan period of 40 months . According to the government’s 30-month pre-sale requirement, the third phase 3A and phase 3B of the disk will be available for sale only in March 2022 and April 2022, respectively.

Liu Jiahui, chief analyst of Midland Realty, pointed out that in the first half of the year, a total of 6,511 units were registered for pre-sale consent. Although it was an increase of about 23.3% from the 5,281 units in the second half of last year, it was down by about 49% compared to the same period last year. In the first half of the year, a total of 5,318 units were approved for pre-sale consent, a decrease of about 35.5% from the second half of last year, and the second lowest in six years.

Royal Sky Harbour Gateway I sells 217 units on Sunday

Hong Kong Ferry and Empire Group cooperated with Emperor Lantian in Castle Peak Bay, Tuen Mun yesterday. 36 units were added, with a saleable area ranging from 279 to 361 square feet, with an average discounted price of RMB 16,366 per square foot, and a discounted price of RMB 4,825,700 to RMB 6,556,500. The price per square foot is 14,594 yuan to 19,735 yuan, and 74 units will be sold on Sunday (11th). The discounted average price per square foot is 16,128 yuan, and the admission fee starts from 4,687,400 yuan. At the same time, the price of the remaining goods increased by about 4% to 6%. The same family of Emperor Xingtao sold a special garden unit yesterday. The unit is Block 2, Basement 09, with a saleable area of 268 square feet.A 210-square-foot garden, a one-bedroom home, sold for 5.4395 million yuan and 20,297 yuan per square foot.

Wheelock and Huoxin and other cooperative development of Southwest Kowloon Victoria Harbour Exchange I launched 65 units yesterday, with a saleable area ranging from 448 to 789 square feet, with an average discounted price of RMB 26,552 per square foot, and a discounted price of RMB 10,751,100 to RMB 21,636,800. The disk will be released on Sunday (11th) for 109 units, and 34 units will be offered for tender.

Yuanhang family purchased two 21 Borrett Road

According to information from the Land Registry, Cheung Kong's Unit 1, 12th Floor, 21 Borrett Road, Mid-Levels, Hong Kong Island, with a saleable area of 2,945 square feet and double parking spaces, was sold in June for more than 229 million yuan, with a price of about 78,000 yuan per square foot. Register to buy The home is KWAI KWUN, the same name as the son of Gui Sihai, the founder and chairman of Hong Kong Yuanhang Group, and the executive director of Blackman Mining.

Unit 2 on the 16th floor of the same housing estate, with a saleable area of 2,154 square feet and two parking spaces, was sold for 155 million yuan at a price of 71,959 yuan per square foot. The registered buyer is KWAI TSZ and the same name as the director of the Hong Kong Yuanhang Group It is expected that both buyers are members of the Gui Sihai family.

Henderson Land’s Kai Tak THE HENLEY I sold 3 units yesterday, including Unit H on the 38th floor of Block 2, with a saleable area of 379 square feet. The transaction price was 10.4572 million yuan and the price was 27,592 yuan per square foot. Tuen Mun Shangyuan, developed by Vanke Hong Kong, yesterday recorded a transaction for a duplex apartment in an underground garden. It is a unit in LG&G Building C, Block 2B, with a saleable area of 2,493 square feet, including a 325 square foot garden. The transaction price was 36,518 thousand yuan and 14,648 yuan per square foot. , A record high for the transaction price of similar units.

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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