Silicon Hill sold out 170 units in the first round in a single day

28Hse Editor  2022-06-04  #New Properties

The new market war heats up, and investors who sell properties during the Dragon Boat Festival enter the market

Entering June, the property market became more active, and the melee of new properties heated up. Developers took advantage of the Dragon Boat Festival holiday to sell properties. The first phase of Silicon Hill in Pak Shek Kok, Tai Po put 188 units on sale in the first round yesterday, of which 170 units were sold at the price list, discounting the actual admission price of 4.968 million yuan. clear. Some big-ticket buyers spent more than 25 million yuan to buy 2 three-bedroom units, which were planned to be used for long-term rental purposes. Another buyer who spent over HKD 11 million for a three-bedroom unit expressed confidence in the Hong Kong property market, looking forward to the opening of the East Rail Line Science Park/Pak Shek Kok Station, and believed that the unit would have a certain appreciation potential. ◆reporter Ma Cuimei

The first phase of Silicon Hill at Pak Shek Kok, Tai Po, launched 3 price lists for a total of 258 units. Yesterday, the first round of sales involved 188 units, of which 170 units were sold at price lists. The 170 units were sold at a market value of nearly 1.6 billion yuan based on the price list. The price is 4.968 million yuan to 11.354 million yuan, and the square foot price is 16,006 yuan to 20,254 yuan. The first-round admission unit is the B8 unit on the 1st floor of Block 2 of Cuijing Court, with an area of 291 square feet and a one-room interval, at a discounted net price of 4.968 million yuan. As for the remaining 18 units for sale by tender, including 13 units of characteristic units and 5 units of three-bedroom (one set) standard strata units with storage room.

Investors: The property market is better after the epidemic

Silicon Hill set up a sales office in Kowloon yesterday. The project was oversubscribed by more than 17 times. The lottery was held earlier. What we saw at the scene was quite lively during the time when FIT Group B was picking up flats. The line of people queuing up to register prospective buyers stretched from the lobby to the lower floors. There were many family customers and young customers. It was considered to be a relatively small number of new properties that have been launched recently. Rarely lively.

According to market sources, as of about 4:30 p.m. yesterday, all 170 units sold in the form of price lists have been sold out. Among them, Zhang Sheng, who already lives in Pak Shek Kok, spent 11.6 million yuan to buy a three-bedroom unit. Zhang Sheng expressed his optimism that the East Rail Line Science Park/Pak Shek Kok Station will open to traffic, and believes that the unit has a certain appreciation potential. Mrs. Zhang added that they had already bought a two-bedroom unit in a new project on top of MTR Kam Sheung Road Station to collect rent. They bought a three-bedroom unit in Silicon Hill yesterday because they believed that the property market would be better after the epidemic, and they were full of confidence in the Hong Kong property market.

Major buyers of Midland buy 2 units for more than 25 million

Chen Yongjie, vice chairman of the Asia Pacific region and president of the residential department of Centaline Real Estate, said that the first day of Silicon Hill's first round of sales was "one-q-q" as expected. home demand release. He said that the attendance rate of the bank's customers was about 70% yesterday, and about 80% of them were users. The new project in New Territories East attracted many middle-class and new-to-house buyers, which is expected to drive the sales of three-room households. The bank also recorded two groups of customers purchasing twoOne group of customers spent about 17.55 million yuan to buy a three-bedroom and a two-bedroom apartment with a roof.

Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), also pointed out yesterday that many customers are looking forward to the future development of the area. Nearly 70% of the bank's customers are users, and the rest are investors. A group of big buyers are optimistic about the potential of the project's appreciation, and they spent more than 25 million yuan to buy two three-bedroom units, which are planned to be long-term rent collection. He expects the project to be leased at a level of about 45 yuan per square foot, with a return rate of about 3%. He went on to say that the price of this project is competitive, and the admission fee for many two-bedroom units starts from more than 6 million yuan, so it attracts many young buyers to enter. About 80% of the bank's customers belong to the post-80s and post-90s.

Two-bedroom unit sold in Long Bi Allegro

In addition, Kowloon City Allegro, a subsidiary of Country Garden Hong Kong, sold a two-bedroom unit with an area of 414 square feet yesterday. The developer pointed out that as of June 3, Longbi had sold 15 units and cashed out more than 110 million yuan. Together with other new properties, a total of about 183 units were sold in Hong Kong's primary market yesterday.

Bu Shaoming pointed out that a number of new properties are expected to enter the market this month, and transactions in the luxury housing market have also risen. It is estimated that about 2,000 transactions are expected to be recorded in June. Generally, the second-hand property owners see the market conditions are improving, the asking price is firm, and the buyers and sellers are in a tug-of-war situation, and the property price is expected to rise steadily.

Chen Yongjie revealed that the commission of Centaline Real Estate recorded about 390 million yuan in May, a decrease from about 450 million yuan recorded in April, mainly because the overall second-hand transaction declined. The property market can play a positive role. In addition, it is expected to resume normal customs clearance. It is expected that the booming market will continue. It is expected that the primary market will be lively in June.

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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