The New Territories are attacking NOVO LAND, or the price is today, Lin Haishan City will debut early next month with a minimum area of 1010 square feet

28Hse Editor  2022-07-19  #New Properties

New projects are launched one after another. SHKP’s Tuen Mun large-scale new project NOVO LAND Phase 1A will be priced today, and the first price list will be at least 165 units. As for the luxury residential project in Tai Po developed by Hysan and Hong Kong Industrial Development, Lin Hai Shan City plans to upload the sales brochure early next month, and will be put up for sale by tender in the short term. The smallest unit is 1,010 square feet, and the largest one is 8,030 square feet. ◆reporter Liang Yueqin

Chen Hanlin, the acting general manager of SHKP, said yesterday that the price for Phase 1A of NOVO LAND in Tuen Mun will be opened within 24 hours. The first price list will be at least 165 units, offering open-plan to three-bedroom units. Breakthrough payment methods will be provided to facilitate boarding and transportation. Residential changers enter the market. This project is the Group's first touch-free access project in the whole estate. Residents can use the "Live e-say" mobile app to automatically sense the situation with Bluetooth, and return to the residential unit from the gate of the estate, and they can enjoy a touch-free life.

Linhaishan City has approved pre-sale and occupancy papers

On the other side, Ye Muzhen, director of office business and residential business of Hysan Xingye, said that the cooperation with Hong Kong Xingye to develop Linhaishan City in Tai Po has been approved for pre-sale consent and occupancy. Building demonstration units and some units for sale by tender.

Regarding the market's concern that the interest rate hike in Hong Kong this year will affect the property market, she believes that the market has already digested the news of the interest rate hike. In addition, the project offers more than 1,000 square feet of luxury homes, and the target customer group is strong, and she believes that the interest rate hike will not have much impact on them. Looking forward to the trend of property prices, she pointed out that it depends on the quality of the units. It is expected that the property prices of luxury properties like Linhaishan City will develop steadily.

Lin Hong, general manager of business development and marketing of Hong Kong Industrial, said that due to the lack of luxury housing projects in Tai Po for many years and the proximity of Pengtang Port, many professionals in the area and businessmen who need to travel to and from the mainland have received inquiries from Lin Hai Shan City. .

She pointed out that Linhai Mountain City is designed with low density and provides 262 units, including 160 standard strata units and 66 garden or top floor characteristic strata units, ranging in area from 1,010 to 3,760 square feet, with intervals ranging from two to four bedrooms. Another 36 houses are provided, of which 34 are 3,245 to 5,341 square feet, and the other two are No. 1 Lam Hoi Path and No. 1 Shancheng Path. The former has an area of 8,030 square feet, which is the largest unit of the project, and the latter is designed as a parent-child house with an area of 6,268 square feet. The project clubhouse, named CLUB LUCCA, covers an area of more than 34,000 square feet and provides about 30 facilities including indoor and outdoor swimming pools.

128 WATERLOO with 5% rebate

In terms of other new projects, 128 WATERLOO in Ho Man Tin, jointly developed by Top Spring International and Chun Wo Development Group, updated the price list yesterday, and will increase the transaction cash rebate by 5% for 4 two-bedroom units with storage rooms, including 5th Floor D Room, 5th Floor Unit G, Unit A on the 7th floor and Unit B on the 11th floor. Take Room B on the 11th floor as an example, with an area of 522 square feet, the maximum discount is maintained at 9.5% and an additional 5% cash rebate is added at the net price14.356 million yuan, or 27,503 yuan per square foot.

Also in Kowloon District, Han Jiahui, general manager of Henderson Property Agency Sales (2) Department, said that Leofang Xi'an, Mongkok recorded a top-level transaction yesterday. The unit is Room E on the 28th floor of Block 2, with an area of 321 square feet, including a 160-square-foot platform, and a one-room interval. The transaction price is 9.96 million yuan, and the transaction price per square foot is 31,028 yuan, a new high for the project.

The Pavilion III re-recorded a case of refusal

As for New World's partnership with the MTR to develop Gai Bai Ao Zhuang III at Tai Wai Station, another case was recorded. The transaction record shows that there are 2 more cancelled transactions in this property, from Room F on the 21st floor of Block 8B and Room E on the 11th floor of Block 8B, with an area of 359 and 475 square feet, in June last year for 8.097 million yuan and 9.016 million yuan Yuan transaction. Since mid-August last year, the project has recorded about 212 similar cases, accounting for about 25% of the total number of 845 units sold, with an estimated total sales value of about 3.4 billion yuan.

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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