Tuen Mun's new property with 4.37 million admissions is the fastest, and the first batch will be sold at a discounted price of 15,000 square feet next week

28Hse Editor  2022-06-18  #New Properties

At the time of the rebound of the new crown pneumonia epidemic in Hong Kong, the US has just raised interest rates by 0.75%, which has caused the Hong Kong dollar interest rate to rise. The one-month Hong Kong dollar interest rate linked to H has risen for 9 consecutive trading days. The increase is 1.54 times or about 0.36%. In addition, the market supply is blooming, and the opening price of the new listing is also more conservative than before. The Feiyang Phase 1 of the Siu Sau Village project in Tuen Mun developed by Cheung Kong and SHKP launched its first 80-unit price list yesterday. The average price per square foot of the whole batch is 15,050 yuan. , the developer described it as "the price of bamboo shoots flying," and predicted that the first round of sales would start as soon as next week.

◆reporter Li Zitian

Cheung Kong executive director Zhao Guoxiong said yesterday that the first batch of units in the first phase of Feiyang are "bamboo shoots to fly from the starting price", and the price is at a discount compared to the market price, while the Huangzhuhang Hong Kong Island South Shore Project and Yau Tong Project are both applying for pre-sale. Regarding the interest rate hike in the United States, Zhao Guoxiong pointed out that buyers have expectations of interest rate hikes, and that Hong Kong banks have stress tests, and Hong Kong citizens "all want to have their own homes". It is expected that interest rate hikes will not affect buyers' willingness to enter the market.

The position is open to the public today

Yang Guiling, senior sales manager of Changshi, added that the first batch of Feiyang’s first batch of price lists has a market value of about 568 million yuan. The demonstration unit will be open to the public from 12 noon today, and subscription intentions will be collected simultaneously, and will be launched next week. She added that the first batch of the project is based on the payment during the construction period, and the price of all units is less than 10 million yuan, and the discounted average square foot price is the lowest among new projects this year. She believes that it is competitive, so she is confident in the sales.

Feiyang is located at No. 170, Dalan Section, Castle Peak Road. It is developed in two phases, providing a total of 800 units. The first phase consists of 2 buildings and involves 400 units. The key date of the project is the end of March 2024, and the pre-sale period is about 21 months. According to the price list, the first batch of 80 units involves 37 units of 1-bedroom, 37 units of 2-bedroom units and 6 units of 3-bedroom units, with an area of 283 to 722 square feet, and provides 3 payment methods, of which 1 and 2 bedrooms are subject to a maximum discount of 15%, while The 3-bedroom discount is up to 17%, the discounted price is 4.372 million to 9.992 million yuan, and the discounted square foot price is 13,446 to 17,110 yuan.

2-bedroom unit entrance fee 6.42 million

In the price list, the flattest price is Room J on the 1st floor of Block 2, with an area of 284 square feet and a one-room partition. The flattest 2-bedroom unit is Room K on the 1st floor of Block 2, with an area of 468 square feet, with a discounted price of 6.421 million yuan and a discounted price of 13,720 yuan per square foot. The flattest 3-bedroom unit is Room E on the ground floor of Block 2, with an area of 722 square feet, at a discounted price of 9.708 million yuan, or 13,446 yuan per square foot, which is also the lowest price per square foot.

Centaline expects "One Q to clear Taiwan"

Chen Yongjie, vice chairman of the Asia Pacific region and president of the residential department of Centaline Real Estate, said that Feiyang's asking price is restrained, which is a 10% discount compared to first-hand properties in the same area. Although there has been a lot of new supply in the region in recent years, 2Small flats and below are very popular, and there are very few small households at present. The starting price of Feiyang is only 13,000 yuan per square foot, which is the best in Hong Kong. The price per square foot can be traced back to the new projects in Tin Shui Wai and Hung Shui Kiu. It is believed that Feiyang will be popular with car passengers and returnees from HOS. It is expected that the first batch of units will be "one Q Qingtai".

Looking through the information, the newly launched real estate around Feiyang in recent years is the Tuen Mun Emperor series developed by Hong Kong Ferry and the Empire Group. The third phase of Emperor Lantian will be launched in January 2021, with the first batch of 112 units. The discounted average price per square foot is 15,020 yuan. As for the first phase of Emperor Yu Jinwan and the second phase of Emperor Yu Xingtao, they will be launched in July and October 2020 respectively. The first batch of the two projects is also 123 units, and the average price per square foot is 13,578 and 14,585 yuan.

In terms of market conditions, Chen Yongjie pointed out that due to the impact of interest rate hikes, the unrest in the external war, and the rebound of the local epidemic, the sentiment in both primary and secondary markets has declined this month. More than 500 transactions were temporarily recorded in the primary market this month, and it is expected to be about 1,500 transactions in the whole month. Recently, there has been a lot of new listings, and the second-hand market lacks competitiveness. The transaction has continued to decline. It is expected that there will be about 2,500 second-hand transactions this month.

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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