Fanling ONE INNOVALE offers prices within the fastest week

28Hse Editor  2022-07-28  #New Properties

Under the pressure of raising interest rates in Hong Kong, the new market in the New Territories has exploded in a battle for customers. Just as SHKP’s Tuen Mun large-scale new project NOVO LAND Phase 1A closes today, Henderson Land’s large-scale project Site A on Ma Shi Road, Fanling North was officially named ONE INNOVALE, and the first phase named ONE INNOVALE-Archway has been approved for pre-registration. In the consent form for the sale of the property, Lin Damin, general manager of Henderson Property Agency Sales (1) Department, said that the sale will be uploaded today as soon as possible, and the price will be opened this week and the demonstration unit will be opened to the outside world.

He pointed out that ONE INNOVALE has a total of 1,600 units and will be put on sale in three phases. The first phase is called ONE INNOVALE-Archway, which consists of Block A and Block B and provides 603 units. The units range from open-plan to three-bedroom units. Nearly 80% of the units are Open and one-bedroom units. He described the project as a "universal project". The project is located in the "North Central Innovation and Technology Corridor" in the "Northern Metropolitan Area". The source of customers will include young innovation and technology talents. The clubhouse covers an area of 36,000 square feet. The key date is March next year. .

Regarding the possibility of the United States to raise interest rates further, Hong Kong is also under pressure to raise interest rates. Lin Damin believes that the current property price is affected by the increase in interest rates, but the inflation rate in Hong Kong is low, and the economy is growing positively, which is different from the current negative growth in the United States. If there is a chance to fall back, the situation in Hong Kong will have the opportunity to reflect in advance, and the property price will have a decent increase at that time.

NOVO pushes electric car pick-up service

On the other hand, SHKP's Tuen Mun NOVO LAND Phase 1A has received good tickets for several days. Chen Hanlin, acting general manager of SHKP, said that after the announcement of the sales arrangement, the market responded enthusiastically, with more than 13,000 tickets received. Tickets came from all districts in Hong Kong, which can be called a "world project", of which customers from the New Territories accounted for 70% (Tuen District). Doors account for 40%, Yuen Long and Tin Shui Wai account for 20%), and the remaining 30% are from Hong Kong Island and Kowloon.

He also pointed out that the company's property management has created a "resident reward program", and residents can use the points earned by the clubhouse to exchange for discounts, such as electric car concierge pick-up services. Chu Kaiming, Deputy Managing Director of WeSpire Living Limited, said that the electric car concierge pick-up service breaks the tradition of designated routes. Residents can choose to be close to MTR Siu Hong Station, Tuen Mun Station, shopping hotspots, or high-speed rail stations or airports. , viewing hotspots, etc.

Tai Po Lin Hai Shan City plans to sell strata households

New luxury homes are also rushing to attack. Lin Hong, general manager of business development and marketing of Hong Kong Industrial International Group, pointed out that the group has cooperated with Hysan Industrial to develop the Lin Hai Shan City in Tai Po, which has been approved for occupation. Inquiries from buyers who have received major approvals, such as professionals and businessmen who frequently travel to and from the mainland, are all very interested in characteristic units. There are 26 characteristic units on the top floor of this project, with an area ranging from 2,021 to 3,760 square feet. She thinks the project isBuyers have the strength, and interest rate hikes will not have much impact on them. However, interest rate hikes are short-term cycles, and high-quality real estate can overcome its impact and have confidence in project sales. Ye Muzhen, director of office business and residential business of Hysan Xingye, said that the pricing of Linhaishan City will refer to the luxury houses with large units in the New Territories and Kowloon.

Mingri and Jiudushan parking spaces "use first, pay later"

There are still about 108 units in Mingri and Jiuto Mountain in Jiudu, Shatin, which have also been approved for occupation. Cheung Kong Senior Assistant Sales Manager Chen Yongci said that the group specially launched the "Use Now Pay Later Parking Space Subscription Plan" for buyers of this project. , starting from August 6 this year, the first 10 buyers who successfully purchased designated three-bedroom and four-bedroom units can choose to subscribe for a parking space for 2.5 million yuan first, and enjoy the discount of first-use, later-pay. When asked about the pressure of raising interest rates in Hong Kong, Guo Ziwei, chief manager of Cheung Kong Sales Department, believes that Hong Kong follows the US to raise interest rates, which can eliminate uncertainties in the market and benefit the local property market. He expects the Hong Kong property market to remain stable in the second half of the year, with an estimated volatility of about 5%.

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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