CAINE HILL 190 sq. ft. households, 5.42 million admission, first 50 units discount, real price starting at 26,000 sq. ft.

28Hse Editor  2021-12-10  #New Properties

The new market has become one of the focus of the property market, and developers have accelerated their deployment and seized the Christmas schedule. CAINE HILL, a project in Caine Road, Sheung Wan, under Henderson Land, announced its first 50-unit price list yesterday. The discounted average price per square foot is 28,780 yuan, and the entry price starts from 5.423 million yuan. It is planned to go on sale before the Christmas holidays. Market participants said that the offer price was about 20% lower than market expectations, and was also slightly lower than the first batch of 29,998 yuan for the first batch of The Richmond on Robinson Road, Mid-Levels West in January last year. reporter Li Zitian

Han Jiahui, general manager of the business (2) department of Henderson Land, said that the first price list of the project involves 50 units, including 11 open-plan and 39 one-bedroom units. The saleable area ranges from 190 to 285 square feet. The price list is priced at 5.591 million 8.959 million yuan, 27,394 to 31,711 yuan per square foot; after deducting the 3% discount, the discounted price is about 5.423 million to 8.69 million yuan, which is 26,572 to 30,759 yuan per square foot. Han Jiahui pointed out that the project sales schedule will be announced next week as soon as possible, and the first round of sales will be launched as soon as possible before the Christmas holiday.

The rental return is expected to exceed 3.5%

According to the developer, the first price list admission unit is Room F on the 6th floor, with open partitions and a usable area of 190 square feet. The lowest price per square foot unit is Room H on the 6th floor, which is a 1-bedroom household with a saleable area of 277 square feet. The CAINE HILL demonstration unit is located in the first phase of the Central International Finance Center and will be open to the public this Saturday (11th).

Bu Shaoming, Chief Executive Officer of Midland Realty's residential department, said that due to the close proximity to the central business district, the demand for materials and leasing services is high. 6 million yuan, so it will also attract a group of car users to support.

The second-hand price in the area exceeds 35,000 per square foot

Bu Shaoming said that referring to The Richmond, Mid-Levels on Hong Kong Island, an open-plan apartment was sold at a price of more than 40,000 yuan per square foot, a 1-bedroom apartment was also nearly 37,000 yuan, and an open-plan apartment in Central 8 sold at a price of more than 38,000 yuan per square foot. The price of a 1-bedroom unit is more than 35,000 yuan per square foot. Therefore, the price of CAINE HILL is attractive and competitive. Mid-Levels West recorded about 40 transactions in November, with active trading. With the opening price of CAINE HILL, I believe there is a lot of room for price increases.

Li Wei, chief operating director of Centaline West Mid-Levels, said that the opening price of CAINE HILL was about 20% lower than market expectations. It was also about 4% lower than the first batch of The Richmond on Robinson Road, Mid-Levels West in January last year. The discounted price of most units of the project is within 9 million yuan. Earlier, the new market in Kennedy Town, Hong Kong Island, closed well. About 160 units were sold within a week, which was sought after by the market. It is believed that CAINE HILL is located closer to the commercial core of Central, and the response is expected to be better after the launch.

Haori received more than 13 times the ticket

In addition, Hang Lung's Kowloon Bay new disk Haori closed the ticket collection yesterday. News said that the project received more than 1,400 tickets, which is more than 13 times the excess. The project will be marketed for the first time on the weekend and is expected to be launched in the short term.

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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