Haori launched the first batch of 100 units with a price of 21,500 per square foot

28Hse Editor  2021-12-04  #New Properties

(reporter Yan Lunle) Hang Lung launched a new market after 6 years. Its Kowloon Bay Haori announced the first 100-unit price list yesterday, with a discounted average price of 21,549 yuan per square foot and a discounted admission fee of 6.888 million yuan. The asking price is close to the level of new properties in Kai Tak, while it is 30% to 53% higher than that of the older second-hand housing estates in the same district in Kowloon Bay. Peng Songxin, senior manager of the sales department of Hang Lung Property, described the first batch of asking prices yesterday as the "Neighborhood Happy Home Price". It is planned to be available for sale within the month. Depending on the response to the ticket collection, the next stage of sales deployment and additional arrangements will be determined.

No mortgages launched by developers during the month

Hang Lung continued to conduct roadshows in Kowloon Bay over the past weekend. Yesterday, it finally announced its first price list, involving 100 units, covering 1 bedroom to 3 bedrooms, of which 39 units were 1 bedroom, 50 units were 2 bedrooms, and 11 were 3 bedrooms. The price list shows that the unit size ranges from 320 square feet to 771 square feet. Calculated according to the "120-day cash preferential payment plan" with a discount of up to 4%, the discounted price is 6.888 million to 16.995 million yuan, and the discounted average price is 21,549 yuan per square foot. . The most affordable unit for admission is Room E on the 3rd floor, with an area of 322 square feet. The discounted admission fee is RMB 6.888 million and the price is RMB 21,391 per square foot.

It is worth noting that this price list does not provide a developer mortgage, but both BOC and Standard Chartered have launched the "Green Mortgage Plan" offer. Those who meet the conditions can receive up to 6,888 yuan in cash rewards and other financial benefits. Pang Songxin described the asking price as the "Kaifang Happy Home Property Price". The specified price reflects market demand. The asking price refers to first-hand residential properties in Kowloon East. Tickets are collected immediately after Haori opens the price, and each person can enter a maximum of two tickets. It is planned to be sold within a month, and the next step of the sales deployment and additional promotion arrangements will be determined depending on the response of the ticket collection.

Currently, there are mainly second-hand housing estates in Kowloon Bay. The average price per square foot of Amoy Gardens is about 16,619 yuan, Telford Gardens is 14,104 yuan, and Debao Gardens is 16,750 yuan. , But note that the above three housing estates are all 36 to 40 years old. The price per square foot of the index housing estates in neighboring areas ranges from 18,000 to 23,000 yuan, such as Guanyue·Huafeng at 17,593 yuan, and Kaihui at 23,700 yuan.

The Haori project provides 294 units, with one-bedroom and two-bedrooms accounting for about 80%, and a shopping mall with a base of about 19,000 square feet. The number of units launched this time accounts for about 34% of the project.

Bu Shaoming, Chief Executive Officer of Midland Realty's Residential Department, said that there has been no supply of new properties in the area for more than 30 years, so it has gathered a lot of purchasing power and users. Although the developer's price is slightly higher than that of the old housing estates in the same area, With reference to the nearby Kai Tak District, the price per square foot of the new property has a significant discount, which is expected to be sought after by users. Also, due to the proximity to the MTR station and the urban area, small units will also be favored by investors. It is believed that the rent can reach 40 per square foot after the project is completed. Yuan, the return can be more than 3%.

Chen Yongjie, vice chairman and president of the residential department of Centaline Property Asia-Pacific, said that there are few three-bedroom supply in the area. I believe that Haori three-bedroom households will be the first to be replaced by the same district.To attract, one-bedroom and two-bedroom households can also attract investors to enter the market.

Henderson CAINEHILL uploads floor book

On the other side, CAINEHILL, No. 73 Caine Hill, Henderson Road, uploaded the building brochure yesterday. It provides a total of 187 units, which will be available for sale within the shortest month and is expected to be open to the public in the short term. Han Jiahui, general manager of Henderson's business (2) department, said that the project will be open to two-bedroom units, and the key date is expected to be March 31, 2023.

Among them, the standard open-plan units of the project range from 190 to 197 square feet, with a total of 67 units, while the 1-bedroom standard units range from 277 to 289 square feet, with 110 units. There are also 10 special units, open to 2 bedrooms, with an area ranging from 169 to 446 square feet, with a platform of 18 to 276 square feet.

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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