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The First-Hand Property Market Has Fierce Competition; Seaside Sonata Puts on Sale 176 Units.

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2019-10-22-(Tue)
【28Hse.com】  
Hong Kong Wen Wei Po (by Lai Chi-tin, Leong Yuet Kam)

The second-hand property trading volume sharply increased in the first weekend after the Policy Address was launched, and developers are speeding up the sale of first-hand properties. Seaside Sonata in Cheung Sha Wan additionally launched 88 units at original prices yesterday, and together with ONTOLO in Pak Shek Kok, Tai Po also One.ArtLane in Sai Ying Pun to confirm to put on sale 176 units, 47 units and 12 units this Friday respectively. Aurora in Tsuen Wan is scheduled to sell 99 units this Saturday. As for Upper River Bank in Kai Tak, it additionally launched 108 units with markup yesterday, with the discounted prices all above 10 million HKD, and the sales will be on this weekend of the soonest.

Seaside Sonata additionally launches 88 units at original prices.

The Assistant Chief Manager (Sales) of Cheung Kong, Ho Ka-yan expresses, Seaside Sonata additionally launched the No.4 price list yesterday including 88 units at average sq ft price of HKD22,100, besides calculated at the highest discount of 22%, the discounted average sq ft price is HKD17,602 and the discounted sales prices are HKD7.385-16.254 million, also the main units facing mountain and city views will be launched this time, belong to additionally launch at original prices. The project will put on sale the second round of 176 units this Friday, with 27 units among will be allocated to users under the urban reconstruction plan. Of the 149 units that will be publicly launched, two-bedroom and three-bedroom units account for 113 and 36 units respectively, with discounted prices at HKD7.249-16.708 million and a market price of about HKD1.83 billion, and the application will be closed on Thursday.

Ho Ka-yan points out that, the two-bedroom units launched this time are most under HKD9 million after discounts, suitable for the mortgage insurance plan for the first-time buyer, so it is believed the proportion of buyers using the construction period payment method would be increased.

On the other hand, Upper River Bank in Kai Tak developed by KWG Property and Longfor Properties also additionally launches 108 units of two-bedroom to three-bedroom in 479-760 sq ft located in block 1 and 2, and the discounted prices are HKD10.521-22.4785 million with the discounted average sq ft price at HKD25,472 maintaining a maximum of 18% discount.

Upper River Bank additionally launches 108 units with markup.

The Marketing and Sales Director (Hong Kong and overseas) of KWG Property, Cheong Sze-wan points out that, units in block 1 are the first time to be launched, and there will be a slight markup of 1-2% due to factors such as the floor, seating, and view. The Hong Kong Project Sales Director of Longfor Properties, Woo Sui-hung says, the Government’s relaxation of mortgage percentage is positive to the property market, and he is confident in sales.

Billion’s Aurora in Tsuen Wan also additionally launched 74 units at HKD4.436-43.675 million yesterday. This project confirms to put on sale 99 units on this Saturday to buyers limited to Billion or Schindler Group employees, or their relatives, friends, or business associates, and the relevant buyers can receive an additional discount of 5%-8%, that is, the highest discount will be 12%-15%。

Aurora will put on sale 99 units this Saturday.

As for Great Eagle's ONTOLO in Pak Shek Kok, Tai Po, it will put on sale 154 units, 47 units of which will be publicly put on sale this Friday, and the bidding for 7 units among will be closed from this Friday day by day, while the bidding for the remaining 100 units will be closed on December 20. In addition, on this Friday, Henderson Land's One.ArtLane in Sai Ying Pun will put on sale 12 units including open style and one-bedroom units at discounted prices of about HKD7.05-9.64 million, with the discounted sq ft prices at HKD28,710-34,124.
Translated by 28Hse.com . All right reserved.