NOVO LAND adds 168 units for the fastest weekend sale

28Hse Editor  2022-08-01  #New Properties

The Federal Reserve raised interest rates again last week by 0.75%, increasing the pressure on Hong Kong's property supply rate to rise, but the property market remains enthusiastic. SHKP Tuen Mun NOVO LAND Phase 1A, the first round of sales involving 336 units was launched the day before yesterday, and all were sold out. The developer announced to push the No. 4 price list, involving 168 units (8 of which belong to the characteristic units of the connected platform), including 40 open-plan units, 17 units with 1 bedroom, 84 units with 2 bedrooms and 27 units with 3 bedrooms, with a usable area of 214 square meters. Square feet to 701 square feet, the price list is priced at 3.953 million yuan to 11.182 million yuan, maintaining a maximum 15% discount, discounted from 3.36 million yuan to 9.5047 million yuan, and 12,838 yuan to 16,244 yuan per square foot. The average price per square foot is RMB 14,385. Lei Ting, deputy managing director of SHKP, said yesterday that the sales of NOVO LAND Phase 1A were strong. Due to the large number of customers, the No. 4 price list was added to 168 units, including a small number of special households, so there was a slight increase of 1%. Chen Hanlin, the acting general manager of SHKP, said that the project has a great opportunity to be further promoted in the short term, and the second round of sales will be launched as soon as this weekend.

ONE INNOVALE is expected to launch at least 123 units

In addition, after Henderson Land’s Fanling North Machi Road Project Phase 1 ONE INNOVALE-Archway announced the first price list last Friday involving 123 units, the project received tickets on the first day yesterday. Lin Damin, general manager of Henderson Property Agency Sales (1) Department, said yesterday that more than 1,600 votes were collected on the first day, which was more than 12 times more than the 123 units sold on the first price list. He expects to launch the No. 2 price list today, adding no less than 123 units.

On the other hand, as of 10:00 last night, 9 new transactions were recorded yesterday. Among them, “Tishan”, a low-density luxury residential project developed by Kerry Construction, successfully sold the 2nd-floor A-room stratified mansion of Block 1 through bidding yesterday after recording the transaction of the strata mansion earlier. The mansion has a usable area of 1,760 The square foot, which is three bedrooms and three suites, together with a residential parking space, has just been sold for 73.1724 million yuan, and the average price per square foot of usable area is about 41,575 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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