The two major sets in the New Territories are facing each other and the votes are all bursting

28Hse Editor  2022-08-05  #New Properties

Two large new projects in the New Territories will face each other tomorrow. Among them, ONE INNOVALE-Archway in Fanling North, a subsidiary of Henderson Land, will conduct the first round of sales of 318 units. As of 8:00 last night, it has accumulated more than 7,000 votes, and the over-registration has exceeded 21 times. As for the second round of sales, SHKP’s Tuen Mun NOVO LAND Phase 1A closed last night. It is reported that 14,000 votes have been collected, and the 336 people who will be sold at tomorrow’s price list are over-registered by more than 40 times. ◆reporter Yan Lunle

Lin Damin, general manager of Henderson Property Agency Sales (1) Department, said that about 15% of ONE INNOVALE-Archway's subscription registrations are large buyers, and many prospective buyers inquire about featured households. In the short term, they will launch features with rooftops or gardens. Household tenders. The project clubhouse "Club Innovale" has an indoor and outdoor area of 36,000 square feet, and an outdoor garden area of more than 60,000 square feet.

On the other side, Chen Hanlin, acting general manager of SHKP, said that many of the ticket holders of NOVO LAND Phase 1A are first-time ticket holders. .

Linhaishan City plans to launch more than 50 tenders

As for other developers, Hysan and Hong Kong Industrial Co., Ltd. jointly developed the Tai Po Linhaishan City to deploy and attack. Ye Muzhen, the office and residential business director of Hysan Xingye, said that Linhaishan City will upload sales arrangements in a short period of time, involving more than 50 units, mainly for the For the strata, we will also consider adding characteristic households and villas, all of which will be sold in the form of tenders. In order to allow prospective buyers to have more flexibility in their financial arrangements, Linhai Shancheng provides one- and two-money loan plans. The first loan amount is up to 85% of the property price, and the second loan amount is up to 30% of the property price, with the longest repayment period. 20 years.

Application for pre-sale of Xindi Shishi Township Project

In addition, according to information from the Lands Department, SHKP applied for pre-sale of Phase 1A in Shizuku Township, Sai Kung, and will provide 773 units. It is understood that in 2017, SHKP paid 15.892 billion yuan in land premium for the project. Later, in 2019, it applied to increase the total residential floor space by nearly 20%, and paid a land premium of 3.75 billion yuan. The two land premiums involved an amount of 19.6 billion yuan. The total floor area is about 5,852,700 square feet, with an average premium of about 3,349 yuan per square foot, and there are 9,500 residential units.

As for Ho Man Tin Ao Wen, who was privately held by Pan Sutong, chairman of Goldin Financial, and whose delivery date was repeatedly delayed, the Lands Department cancelled the pre-sale consent form in August last year, and re-applied for pre-sale last month. The project involves 381 units. It was originally scheduled to be handed over at the end of November 2020. The latest display has been postponed to December 31, 2022, which is 25 months later than the original handover date. As for Pan Sutong, who has resigned as the chairman and executive director of Goldin Financial, in July this year, he was ordered to go bankrupt and to liquidate his company by the High Court.

Summary There are two project applications in JulyThe pre-sale involved a total of 1,154 units, an increase of 66% from the 695 units in June. In July, the department approved 2 pre-sale consents, including MIAMI QUAY, Phase 1, No. 15 Shing Fung Road, Kai Tak, developed by K. Wah and Wheelock, which provides 1,017 units and is expected to be completed in November 2024; another The approved project is ONE INNOVALE-Archway in Henderson Fanling, providing 603 units.

As of the end of last month, a total of 20,222 units were pending for pre-sale, compared with 20,688 units recorded in June this year, a decrease of 466 units or 2.3%.

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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