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Hong Kong Property Market - Yr.2020 Feb: Average price per sq feet $10912 4.82%   (last month:$11464)
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Esplanade Additional Launch 38 Units With The Lowest Cost At HKD3.09 million.

Image Caption
Hong Kong Wen Wei Po (Reporter Liang Yueqin)

The property market is depressed, and there are developers through public offering and tendering in the same day, in order to gather together enough for selling 20% of their project. Esplanade invested by CHUANG'S China in Yip Wong Road, Tuen Mun, additional launched 38 units yesterday. Some high-rise units have mark up by about 2%, and the lowest cost is HKD3.09 million. Besides, there will be 75 units being put on sale on this Saturday. 31 units among were for public offering and 44 units were for tendering (including 30 units new additions and 14 units which had offered price list in early while were closed for tender yesterday. ).

30 units call for bidding.

Zhuang Jiabin, Managing Director of CHUANG'S China Investment said, Esplanade has sold a total of 86 units so far, and additional launched 38 units yesterday in usable area between 162 sq ft and 447 sq ft of which the layout are open style, one room and two room. The prices are between HKD3,6779 million and HKD 8.2229 million, while some high-rise units have mark up by about 2%. Base on the highest discount rate of 16%, the discounted prices are from about HKD3,098,400 to HKD 6,906,200.

Chen Qingguang, deputy general manager of CHUANG'S Real Estate pointed out, Esplanade additional launched 38 units and at the same time launched 30 units by bidding, 20 among are rare feature units with platform.

TWELVE PEAKS No. 10th House call for bidding.

In addition, TWELVE PEAKS owned by Sun Hung Kai Properties in Mount Kellett Road the peak, launched the No. 10th house for tender, which will be closed this Friday. The house was announced in 2014 with a price of HKD 418.4 million , which is in usable area of 3,744 square feet and a garden area of 1,859 square feet, also include a rooftop area of 719 square feet.

Mainland customer spent high tax at HKD32.83 million to buy unit in K.CITY

In addition, the buyer who purchased the duplex unit room B in 37th and 38th floor of block 8 from K.CITY owned by K.Wah in Kai Tak by HKD 109.445 million last month is from mainland. According to the Land Registry, the buyer of duplex unit room B in 37th and 38th floor of block 8 from K.CITY is registered by HK HOUSEHOLD FOODS INT'L ENTERPRISE GROUP LIMITED, which means the buyer has to pay 30% of the property price for Buyer Stamp Duty and Double Stamp Duty in total of HKD 32.8335 million. The chairman of HK HOUSEHOLD FOODS INT'L ENTERPRISE GROUP LIMITED is Huang Xumin. This unit has a usable area of 2,065 square feet, and a platform in area of 592 square feet, so the usable area sq ft price is HKD 53,000, the latest peak among the East Kowloon residential property prices.
Translated by 28Hse.com . All right reserved.