Fangfei's existing building re-introduces a 5% discount in disguise

28Hse Editor  2022-08-30  #New Properties

(Reporters Yan Lunle, Liang Yueqin) Ho Man Tin Fong Fei, a subsidiary of Hip Shing Hong, launched the first batch of 30 units in July last year. After deducting a 10% discount, the average square foot price was about 26,139 yuan, but only 4 units were sold. The response was unimpressive. The project has recently completed an existing building, and the building will be handed over in September at the earliest. The developer will start a new round of sales immediately. In response to the changing market conditions, Hong Kong may also be about to raise interest rates. Although the unit price of the new price list is the same as last year, the developer provides The new payment method increases the discount rate to 15%, which is equivalent to a 5% discount in disguise.

Discounted price from 6.42 million

The developer announced the latest price list for No. 1B yesterday, involving 26 units. The unit pricing is the same as in the middle of last year, but a new payment discount has been introduced. The maximum discount rate has increased from 10% last year to the latest 15%, an increase of 5 percentage points over the old price list. . The saleable area of the new price list is from 286 to 465 square feet, the price is from RMB 7.55 million to RMB 15.05 million, and the price per square foot is from RMB 26,420 to RMB 32,376. After deducting the maximum discount of 15%, the net price is from RMB 6.42 million to RMB 12.79 million. The price per square foot is from RMB 22,457 to RMB 27,520, and the average price per square foot is RMB 24,842.

Zhang Shimin, Head of Property Sales of Hip Shing Hong, said that in response to the interest rate hike, the project offers the above-mentioned three new payment plans and mortgage discounts. Among them, buyers of the "Easy-for-Property 900 Payment Plan" can choose to live first and pay later, and choose the "Madera Easy One-Click Payment Plan". ” buyers can enjoy 1 to 2 years of interest-free mortgage, and the relevant mortgage is provided by the designated financial company under the group. It is worth noting that if the buyer group subscribes for more than one unit, they can get another 1% discount for the famous family, which means that the maximum discount for big buyers is 16%.

The project will go on sale this weekend at the earliest. Zhang Shimin continued to point out that the project plans to retain some units for rent, with a target rent of about 60 yuan per square foot. There are also 4 characteristic units with terraces or rooftops in the project, with a usable area of 377 to 742 square feet, which will be put up for sale by public tender later. According to the information, Fangfei only provides 71 units, of which 67 are standard units. The unit types cover one-bedroom and two-bedroom partitions, with a usable area of 286 to 481 square feet.

Larchwood pushes to sell 83 units on Friday

On the other side, Wang On Properties is located in Larchwood, Mong Kok. After adding 20 units the day before yesterday, it launched another 20 units last night, with a usable area of 203 to 267 square feet, including 15 open-plan and 5 one-bedroom units, with a maximum deduction of 15% The discount, the discounted price is 4.6 million to 6.525 million yuan, and the discounted square foot price is 22,549 to 24,438 yuan, and it will be put on sale this Friday for the first round of sales of 83 units. As of last night, it had collected 450 votes, 4.4 times over-registered.

Shang Jue Mo pushes mortgage discounts

Huang Shaohong, senior marketing director of the Hong Kong business department of Longfor Group's Shenzhen-Hong Kong branch, said that Kai De Shang Jue Ming has sold 574 units and cashed out 10.2 billion yuan. It sold 7 units in this month alone and cashed out 200 million yuan.In the next one to two months, the project will launch high-block and low-block characteristic units. Zhang Haoxi, the operating director of Meridian Mortgage Referral, said that Midland and Meridian offered two mortgage offers for buyers of this property. Among them, the “High Rebate H Mortgage Offer” has a mortgage interest rate as low as H plus 1.3% for the entire period, and the upper limit is as low as 1.3%. P minus 2.75%, the capped interest rate is 2.5%, the cash rebate is as high as 1.8%, the term can be up to 30 years, and a special high-interest account is available. In the "Large-amount High-Percentage Mortgage Offer", the mortgage rate can be as high as 70%, the interest rate is as low as P minus 2.75%, the actual mortgage interest is 2.5%, and you can enjoy a cash rebate of up to 1%, and the term can be up to 30 years.

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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