NOVO LAND Phase 1B 180 units sold out today

28Hse Editor  2022-08-18  #New Properties

SHKP's Tuen Mun Siu Hong NOVO LAND Phase 1B had its first round of sales yesterday of 188 units, of which 180 units were sold by price list. The news said that all 180 units sold by price list were sold out in just 3.5 minutes. Some buyers pointed out that they have considered the possibility of the Bank of Hong Kong raising interest rates and the continued downward trend in property prices. ◆reporter Liang Yueqin

Phase 1B of NOVO LAND, which has accumulated 12,887 votes, sold the first round of 180 units at the price list at 3 pm yesterday, including open-plan to three-bedroom units and low-rise characteristic units. There are two flat selection periods, and buyers of group A must purchase 1 designated unit Three-bedroom units or 2-4 units of other types of units; Group B buyers can purchase 1-2 units. In addition, 8 units are also sold in the form of bidding, all of which are three-bedroom suites with multi-purpose rooms and toilet partitions. Yesterday at 3:00 p.m. at the sales office of Kowloon Station, there were already many prospective buyers queuing to pick up a flat during Group A, and by 4:15 p.m., there was even a long queue in Group B. .

According to the source, a total of 71 units were sold in Group A of the blockbuster buyers, among which a group of investors spent more than 15 million yuan to purchase two units of three-bedroom units. Mr. Yip, a leading buyer who lives in Tsuen Wan and is engaged in the financial industry, spent more than 7 million to buy a three-bedroom unit. He also pointed out that he is optimistic about the future development of the area. The project has a large clubhouse and is adjacent to Zhaokang Station, Shenzhen Bay Port and other transportation infrastructure, which is convenient for going north to work in the future. In the face of the imminent interest rate hike in Hong Kong, Mr. Ye thinks that it will not have much impact on the property supply burden. He estimates that there will still be room for a 10% reduction in property prices in the future.

On the other side, ONE INNOVALE-Archway in Fanling North, a subsidiary of Henderson Land, sold the one- and two-bedroom units on the 22nd floor of Block B through a tender for 11.96 million yuan yesterday. Yuan, a new high for the project. The unit has a saleable area of 575 square feet, with a private deck of 65 square feet and a rooftop of 527 square feet.

Leofang One Corner adds 66 units and sells 20 units on Sunday

The same department of Mongkok Leofang · One Corner has launched units while the market is booming. Han Jiahui, general manager of Henderson Property Agency Sales (2) Department, said that the project launched 66 units yesterday, all of which are one-bedroom units, with a usable area of 264 to 268 square feet. The discounted price is 5,443,540 to 6,321,500 yuan, and the discounted square foot price is 20,312 to 23,945 yuan. 20 units were sold on Sunday, all of which are one-bedroom units with a usable area of 264 to 268 square feet. The discounted price is 5,443,540 to 6,780,220, and the discounted square foot price is 20,312 to 25,394.

Regal Mountain Peak increases discounts to attract customers

Fan Tong, executive director and chief operating officer of Paliburg, said yesterday that Paliburg and Regal Hotels will cooperate to develop Shatin Jiutou Regal Mountain Peak from now until the end of October. Buyers can receive a giftThe distinguished "Regal Club" membership can enjoy a reward of 500,000 to 1.5 million Regal Dollars. Regal Dollars can be used for banquet, catering and accommodation services under Regal Hotels, as well as shopping at We Go Mart, the group's retail department store, as well as paying management fees. Wei Zhensheng, director of Regal Property Agency, said that since the launch of the project in 2019, 66 units (17 houses and 49 strata units respectively) have been sold, and more than 3.8 billion yuan has been cashed out. Fan Tong also pointed out that Xiyingpan Shanglong, a subsidiary of Regal Hotels, is expected to obtain the occupancy certificate this month, and will then redeploy sales according to market conditions.

Fan Tong also said that in the first half of this year, the property price in Hong Kong has dropped by about 5%. The government can consider reducing the spiciness, reducing the additional stamp duty from 3 years to 1 year, lowering the ad valorem stamp duty, and levying it only when Hong Kong people buy a third property Double the stamp duty, because the current spicy tax affects people's desire to change flats, and reducing spicy food will help increase the desire to change flats.

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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