Cannes Caper Peak I is the first to launch 128 units with an average price of 17,900 per square foot

28Hse Editor  2022-06-23  #New Properties

Last weekend, the sales of new projects were booming, and developers accelerated their promotions to join the fray. The Phase 11B project of LOHAS Park, Tseung Kwan O, jointly developed by Sino, K. Wah International, China Merchants Land and MTR, uploaded the first price list for 128 units yesterday, offering a discount of up to 16%, equivalent to the average sq. ft. The price is 17,888 yuan, and the 329-square-foot 1-bedroom unit is 6.195 million yuan. The developer stated that the asking price is at a discount to the market price, describing it as a "super happy price". The show unit will be opened today, and tickets will be collected later.

Tian Zhaoyuan, co-director of Xinzhi Sales Department Group, said that the first batch of 128 units of Kaibaifeng I will provide 1- to 3-bedroom units, including 38 1-bedroom units, 81 2-bedroom units, and 9 3-bedroom units. The price of the first batch of units in the project ranges from RMB 7.375 million to RMB 14.801 million, and the price per sq. The price is 17,888 yuan. The market value of the whole batch of units is about 1.2 billion yuan.

The asking price is 15% lower than that of the goods in the area

Tian Zhaoyuan described the first batch of asking prices as "super happy prices", which is at a discount to the market price in the same area. He hopes to attract users, investors and young customers. The demonstration units will be opened today, and the tickets will be collected later. It is expected that the project will receive a warm response. He pointed out that the asking price of the project is lower than that of the new project in the same area, and there will be room for price increase if it is added. He added that the lowest selling price of the first batch of units is Unit D on the 10th floor of Block 1A, with a usable area of 329 square feet and a one-bedroom open-plan kitchen. 6.195 million yuan, or 18,830 yuan per square foot.

Chen Yongjie, vice chairman of the Asia Pacific region and president of the residential department of Centaline Real Estate, said that Kaibaifeng I is about 5% to 10% discounted to the second-hand housing estates in the same district, and 15% to 20% more than the first-hand goods in the same district. He believes that after the addition of Kappa I to the market, the first-hand transaction is expected to be about 1,500 this month, which is in line with the previous month. In fact, after the United States raised interest rates earlier this month, there are signs of a slight slowdown in property market transactions, especially second-hand transactions. However, if the opening prices of new properties are willing to adjust, they can absorb the purchasing power of the market. He added that the current increase in interbank interest rates has a slight impact, and the H interest rate is only about 2%.

Cheung Sha Wan Jia Yue plans to open the price next week

Phase 1 of Feiyang, Tuen Mun, jointly developed by Cheung Kong and SHKP, will put 138 units on sale on Saturday (25th) and close on Friday, with a discounted price ranging from 4.372 million to 10.432 million. Changshi senior sales manager Yang Guiling said that according to the ticket record, 80% are self-occupants and 20% are investors. Among them, 55% of the customers live in the New Territories, and the rest are from Kowloon, Hong Kong Island, and the source of tourists is mainly young people. She continued, adding that it depends on the sales on Saturday, and I believe there will be room for a 3% to 5% price increase.

Invested by Carrianna and HTCThe jointly developed residential project at No. 225 Haitan Street, Changsha Bay, was officially named "THE VIM Jiayue" yesterday, and Centaline Real Estate was entrusted as the exclusive planning and sales agent of the project. Yin Dehui, managing director and project leader of Carrianna Real Estate, said that Jiayue will have 115 units, with apartment types ranging from open-plan to one-bedroom, with a usable area ranging from about 190 to about 300 square feet. two-thirds.

Yin Dehui continued to point out that the building brochure will be uploaded next Monday, and the show unit in Cheung Sha Wan will be opened next Wednesday with the asking price. The key date is expected to be December 31, 2023. The group added that its residential project on Castle Peak Road, Sham Shui Po, is expected to be put on sale next year.

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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