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Hong Kong Property Market - Yr.2020 Aug: Average price per sq feet $11577 2.4%   (last month:$11862)
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New Property Sale Is Unaffected; MARINI Takes Advantage to Additional Launch Flats.


Hong Kong Wen Wei Po (By Yan HaauLing, Chau HiuChing)

The first-hand property sale has been ideal in the past two days, although second-hand residential property trading was dull. LOHAS Park MARINI in Tsueng Kwan developed by Wheelock and MTR took the advantage of over-subscription in over 16 times to additional launch 130 units yesterday, with the total value in the price list is about HKD1.3 billion.

The over-subscription exceeds 16 times.

LOHAS Park MARINI gained 1,500 more registrations yesterday, with the accumulative registrations in over 4,300 cases, and the over-subscription exceeds16 times. This project additionally launched 130 units yesterday under active reaction, and first time to launch one-bedroom sea view unit, also the total amount of the price list is about HKD1.3 billion. Developer points out that, the third price list was additionally launched at original price, excluding the landscape, floor and other factors.

The new price list includes 46 one-bedroom units, 52 two-bedroom units, 12 two-bedroom and a half units, 14 three-bedroom units, 3 platform feature units and 3 rooftop feature units; the areas are 348 -770 sq ft. The sale prices are HKD6.773-17 million with the average sq ft price at HKD20,777, and the discounted sale prices are HKD5.317-13.345 million with the discounted average sq ft price at HKD16,311 base on the highest discount of 21.5%.

Among them, the cheapest unit is room B on the 8th floor of block 3(3B), which is one-bedroom in 370 sq ft, and the discounted sale price is HKD5.317 million with the discounted sq ft price at HKD14,370.

The first hand property market had 227 transactions in two days.

In terms of first-hand property trading, in the past two days, besides 216 units of Billion’s Aurora in Tsuen Wan had been sold, other new projects recorded 11 transactions.
Translated by 28Hse.com . All right reserved.