2024-04-25 28Hse Editor
Faced with the pressure of interest rate hikes in Hong Kong, SHKP’s first phase of NOVO LAND Phase 1A in Tuen Mun, which has an off-plan period of about one year, announced yesterday the first price list for a total of 165 units. After deducting the maximum discount of 15% for immediate payment, the average price per square foot is 13,188 yuan. It is about 20% lower than the price per square foot of second-hand buildings in the same area. The discounted price of a 247-square-foot open-plan apartment is 3,297,100 yuan, which is the cheapest new property this year, that is, the discounted price per square foot is 12,187 yuan. In order to reduce the pressure of payment for young people to get on the car, the developer provides open-end households with 85% of the loan period of 30 years, a progressive repayment plan, the first 15%, and the first 3 years of payment is about half of the traditional payment. , but the full-term interest expense is more than the traditional contribution by one million yuan, an increase of 85%. ◆reporter Liang Yueqin
Lei Ting, deputy managing director of SHKP, described the opening price of NOVO LAND Phase 1A as "an invincible price with two stations", because the property is close to the MTR Siu Hong Station, and the round trip takes less than 3 minutes. Ten thousand square feet, providing residents with a comfortable living space. In addition, this breakthrough launch of a new progressive contribution scheme aims to help young people buy homes, especially to facilitate prospective buyers who rent their own properties and reduce their burden of housing property.
Tickets are collected from Friday and will be sold next week at the earliest
Looking forward to the trend of Hong Kong's property market, Lei Ting believes that due to the impact of the fifth wave of the epidemic in the first quarter of this year, property prices will inevitably be under pressure. Although there have been slight fluctuations recently, the overall situation is still under control. He hopes that Hong Kong will have the opportunity to resume normal customs clearance with the mainland this season. , the economy is gradually recovering, the property market performance in the second half of the year will be better than that in the first half of the year, and the property price is expected to record a moderate and steady increase in the whole year.
Chen Hanlin, the acting general manager of SHKP, said that the first batch of units in the project has a discount, and there is a lot of room for price increases in the future.
Open Accounts Promote Progressive Contributions
The first price list of NOVO LAND Phase 1A provides 165 units with a saleable area of 247 to 561 square feet, covering studio to three-bedroom units, including 15 studio units, 13 units of one-bedroom units, 124 units of two-bedroom units and 13 units of three-bedroom units . The price list price ranges from RMB 3,879,000 to RMB 8,991,000, and the price per square foot is RMB 14,338 to RMB 16,571. After deducting the maximum 15% discount for immediate availability, the discounted price ranges from RMB 3,297,100 to RMB 7,642,300, and the discounted price per square foot is RMB 12,187 to RMB 14,085. The actual average price per square foot is 13,188 yuan. The developer also offers a flexible payment plan (8.5% to 12% discount, depending on whether the developer will pay the 3.75% stamp duty) and an upgraded flexible payment plan (up to 3% discount, plus 9% direct stamp duty). Buyers of open-plan, one- or two-bedroom units can enjoy an additional $10,000 discount or furniture bonus points, plus cash rebates. In terms of price list pricing, the first batch of units is worth about 1.12 billion yuan.
Chen Hanlin pointed out that the progressive contribution introduced this time is mainly for open-ended units.It is convenient for boarding customers to buy a house, and it is not ruled out that it will be extended to other units in the future. The price list shows that the Progressive Contribution Plan is only applicable to individual buyers of open-plan flats, which must be used for self-occupation. At least 60 days before, apply for a first mortgage loan from a designated financial institution, up to 85% of the property price, but the loan amount cannot exceed the balance of the property price to be paid.
Interest is "one ball" more than traditional mortgages
Taking Room K, 5th Floor, Block 2, the admission unit as an example, the unit uses the upgraded flexible payment plan to discount the net price of 3,413,500 yuan, and the first phase is 512,028 yuan. The buyer can undertake a maximum loan of about 2,901,400 yuan. The monthly payment is 40% of the loan amount, the interest rate is P-2.5%, and the monthly payment is about 4,586 yuan; from the 4th to the 6th year, 67.21% of the total loan amount is required, and the interest rate is P, and the monthly payment is about 10,980 yuan; After the 7th year, the total loan amount is about 91.33%, the interest rate is P, and the monthly payment is about 16,176 yuan, in other words, the total interest expense for 30 years is about 2,269,509 yuan. If the buyer chooses the traditional mortgage method, assuming that the buyer also pays 15% of the property price down payment, that is, the loan amount is also 2,901,400 yuan, and if the mortgage term is also 30 years, the current P is calculated at 2.5% of the mortgage interest. The monthly payment is RMB 11,464, and the total interest expense for 30 years is about RMB 1,226,722. That is, the developer's progressive mortgage. Even though the payment in the first 3 years is half of that of the traditional mortgage, the full-term interest expense is 104.27 more than that of the traditional mortgage. million or about 85%. Buyers can also "transfer" early in the 4th year to save on interest expenses.
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