Chinachem will launch three sets next year, expecting US interest rates to peak in the second quarter

28Hse Editor  2022-12-01  #New Properties

2023 is approaching, and major developers are planning to launch new projects next year. Cai Hongxing, executive director and chief executive officer of Chinachem Group, said yesterday that the group plans to launch three new projects next year, including cooperation with the MTR Ho Man Tin Station Yuyi (844 units), Pok Fu Lam Brilliance (15 units) and the market. The Tokyo Street Redevelopment Project (approximately 180 units) in cooperation with the Construction Bureau has a total of approximately 1,039 units. He also expects that the interest rate in the United States will peak and fall in the second quarter of next year, Hong Kong is expected to clear customs with the mainland, which will benefit the economic recovery, and property prices will rebound accordingly.

Cai Hongxing pointed out that he has noticed that the recent property market in Hong Kong has slowed down due to the impact of interest rate hikes. Since the group is not in a hurry to launch, he believes that the unit type of Phase 1B of Yuyi Phase 1 at Homantin Station is more suitable for the needs of the current market. In addition, the project is developed in three phases. Therefore, even if the pre-sale consent for phase 1A of this project has been obtained, it is not ruled out that after all three phases have obtained the pre-sale consent, it will be launched next year taking into account the market conditions.

Yuyi or all pre-sales will be approved before launch

He also pointed out that next year, Bi Li Heen in Pok Fu Lam and the redevelopment project of Tokyo Street in cooperation with the URA will also be put on sale. Among them, Bilixuan has a total of 21 units, including 5 bungalows and 16 duplex units. The unit types range from three-bedroom units to four-bedroom units. Since the tender launch at the end of May this year, 6 duplex units have been sold.

As for when to re-launch the Group's Anfeng in the Anderson Road Development Zone, Cai Hongxing said that Anfeng is currently undergoing renovation and fire inspection works, and will not re-launch until the basic supporting facilities such as the road network in the area are completed. Commercial land has been undertaken, reflecting the confidence of the peers in the prospect of the area.

ONE STANLEY will be sold in the first quarter of next year

On the other hand, Zheng Zhirong, director of Jianhao Investment and Sales Department, said that ONE STANLEY, a luxury residential project on Huang Ma Kok Road in Stanley, will be launched in the first quarter of next year as soon as possible. The 50 strata residential units are mainly four-bedroom and five-bedroom units, with salable areas ranging from 1,800 to 3,300 square feet. The project also provides 32 bungalows, each with 4 floors and a salable area ranging from 2,700 square feet to 7,000 square feet.

The first round of 128 units of Langyu in Yau Tong sold on Sunday

In addition, Yau Tong Long Yu, jointly developed by Poly Real Estate and Shangjia Holdings, will conduct the first round of sales on Sunday (December 4) of 128 units, that is, all the units in the first price list, with usable areas ranging from 261 square feet to 730 square feet. For open-plan to three-bedroom units, the price list is priced from 4.87 million to 15.7492 million yuan. After deducting the maximum 15% discount, the discounted price is about 4.1395 million yuan to 13.3868 million yuan, and the discounted price per square foot is 15,860 yuan to 19,484 yuan. The average price per square foot is 17,938 yuan. Tickets for this show will close at 2 pm this Saturday, and each registrant can buy up to 3 units. According to sources, as of last night, 110 tickets have been collected.

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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