Phase 2B of NOVO LAND is ready for a new launch in the Year of the Rabbit

28Hse Editor  2023-01-31  #New Properties

At the beginning of the Year of the Rabbit, major developers are actively planning to launch new projects, and many new projects are planned to be launched in February. Among them, Phase 2B of NOVO LAND in Tuen Mun, a subsidiary of SHKP, is expected to become a new property for sale in the Year of the Rabbit. SHKP’s agent general manager Chen Hanlin said yesterday that Phase 2B of NOVO LAND in Tuen Mun is expected to start soft sales within this week, and it is expected to open prices and launch sales in February. This project provides 729 units, mainly one-bedroom and two-bedroom households; the same series as University Hill, Pak Shek Kok, Tai Po, was launched in March. According to Hu Zhiyuan, general manager of SHKP, the proportion of one-bedroom and two-bedroom projects is higher than that of the first phase of the same series. , accounting for about 75% of the total, and more units have garden views and mountain views, and the pricing depends on market conditions. ◆reporters Liang Yueqin and Zeng Yejun

Lin Damin, general manager of Henderson Property Agency Business (1), said that this year, the department plans to sell 5 new residential projects and 1 commercial building project, providing more than 2,500 units with a total value of about 20 billion yuan. 4,000 units, with a total value of 40 billion yuan. Among them, Cheung Sha Wan Ying An and Kai Tak HENNLEY PARK have the opportunity to be launched in February, becoming the group's new properties in the Year of the Rabbit.

Henderson expects to sell 4,000 units this year

He pointed out that the department plans to launch 5 new projects this year, including Cheung Sha Wan Ying An (318 units), Kai Tak HENNKLY PARK (740 units), and Hung Hom Bi Jia Fang Phase 3 (270 units). ), Sai Yeung Choi Street North Residential Project (490 units) and Bawei Street Residential Project (730 units), and there are also King’s Road commercial buildings in North Point (70 units).

He continued that since January this year, the department has sold more than 200 new housing units, cashing in 1 billion yuan. The ONE INNOVALE series in Fanling alone accounted for 153 units, cashing in more than 700 million yuan. In the future, 2% to 5 % markup space.

Han Jiahui, General Manager of Henderson Property Agency Sales (2) Department, pointed out that the group’s cooperation with China Overseas, Chinachem, New World, Wheelock and Imperial Group Kai Tak No. 6552 project is pending pre-sale, providing more than 500 units, mainly three And four bedrooms, with an average salable area of about 1,000 square feet, tend to be sold by tender.

He also pointed out that with the gradual recovery of the economy, the property market is expected to have a more positive trend in the second half of this year, and property prices will increase by 5% to 10% throughout the year.

MIAMI QUAY II or the first season

Huang Haoxian, Director of Sales and Marketing Department of New World, pointed out that the group will launch 6 new projects this year, including 3 Kai Tak cooperation projects. Among them, MIAMI QUAY II is expected to be launched in the first quarter, and Huang Chuk Hang Station Hong Kong Island South Coast 5 will be launched in the second half of the year. phase and the redevelopment project of Royal Theater in North Point, etc.

He also said that the interest rate hike factors are gradually stabilizing, and the public's confidence in entering the market has become stronger. It is expected that the property market will follow the volume in the first half of the year and the price in the second half of the year, and the property prices will be stable throughout the year.

After the rain expects to get pre-sale approval next month

The pre-sale agreement for the Yuen Long Wangye West Street project under Star Properties is still pending approval after the rain. Chen Wenhui, chairman and CEO of Star Properties, is expected to obtain the pre-sale consent in early February, and the price will be opened and sold in March at the earliest. He is very concerned about this year The performance of the property market is optimistic. It is believed that negative factors such as the epidemic and interest rate hikes have gradually disappeared. The return of customs clearance in the Mainland and Hong Kong can release a certain amount of purchasing power. Coupled with the professionals who plan to come to Hong Kong, property prices are expected to rebound by about 10% throughout the year.

Regal Property Agency Director Wei Zhensheng pointed out that in the past few weeks, there have been many good news in Hong Kong, including the resumption of customs clearance with the mainland and the cancellation of most epidemic prevention measures. It is also expected that interest rates will peak in the second half of the year, which is conducive to the development of the property market. Property prices are expected to be stable in the first half of the year , The second half of the year will improve with the economic recovery, and property prices will rise by 5% to 8% for the whole year.

He suggested that the government adjust the policy of ad valorem stamp duty of up to 15% for non-first home buyers, and change it to twice the second standard rate of first home ad valorem stamp duty.

Shanglong unit intends to rent from RMB 70 per sq. ft.

He also said that Paliburg and Regal Hotel will reserve about 20% of the units in the current building in Xiyingpan for rent, and the intended rent is about 70 to 80 yuan per sq. Cashed out more than 4 billion yuan, and is considering launching more payment plans and discounts for mainland customers.

He said that the group currently has 3 projects under development, among which 227B and 227C on Haitan Street in Sham Shui Po will be demolished in a short period of time, Nos. 291 to 293 and 301 to 303 Castle Peak Road are expected to complete the forced auction within this year, and 9 to Jinhua Street in Shau Kei Wan The 19th will be launched soon, and the total floor area of the 3 projects is more than 100,000 square feet.

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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