PARK YOHO Bologna is more than 10% of the same series of 10,000 square meters per square foot

28Hse Editor  2022-10-19  #New Properties

Progressive contribution first sweet and then bitter One-bedroom duplex monthly payment of 5971 yuan in the first year

On the eve of the announcement of the policy address, PARK YOHO Bologna in Kam Tin North, Yuen Long made a bid yesterday. The first price list involved 50 units, with an average price per square foot of RMB 13,088. Compared with other phases of the PARK YOHO series in recent months, the average transaction price per square foot was about 14,000 to The price of 15,000 yuan was more than 10% lower, making it the lowest price per square foot opened this year. The 279-square-foot open-plan unit was discounted to 3,908,900 yuan. The developer also provides a progressive payment plan for one-bedroom duplex households. The monthly payment is as low as $5,971 in the first year, and the monthly payment will increase to $26,602 in the seventh year and later. ◆reporter Liang Yueqin

The market is expecting that the policy address announced by Chief Executive Li Jiachao today will push the real estate market to "reduce spicy" measures to grab talents and extend the Northern Link to the south. SHKP's Kam Tin PARK YOHO Bologna, which has benefited from the Northern Link, announced yesterday the first price list for a total of 50 units. Facing the interest rate hike cycle in Hong Kong, the average price per square foot of the first batch is 13,088 yuan, which is not only lower than the average second-hand transaction price per square foot of other phases of the current project in recent months by more than 10%, but also compared with the previous phase in September 2018. The first batch of PARK YOHO Napoli launched at a discounted average price of RMB 15,211 per square foot is about 14% lower, making it the lowest opening new property this year.

Thunder: "Removing spicy food" is a measure of time

Lei Ting, deputy managing director of SHKP, pointed out yesterday that people from all walks of life have placed expectations on the new policy address recently. To attract more talents, it is believed that some of the "removal of spicy food" are measures according to the times. However, the number of "spicy taxes" levied by the government in the past few years is not large. I believe the government will make adjustments based on various parties.

Recently, the market expects the US Federal Reserve to raise interest rates again next month. He pointed out that in the past, the rate of Hong Kong interest rates was very small. Last month, the HKMA relaxed the stress test requirements, which made it easier for buyers with rigid needs, especially renters, to enter the market. In addition, the government The relaxation of entry and quarantine measures will help boost the local economy. It is believed that the property market in the fourth quarter will be more active than the past three quarters.

The first price list 50 units 3.9089 million admission

Chen Hanlin, acting general manager of SHKP, said that the first price list of PARK YOHO Bologna involves 50 units, covering open-plan, one-bedroom to three-bedroom units, with an area of 279 to 674 square feet, with a maximum discount of 15.5%, and the net price is 3.9089 million to 884.96 million. Tickets will be collected from this Sunday, and it will be decided to increase depending on the reaction, and there is room for price increase.

This time, the developer has also launched a progressive repayment plan for one-bedroom duplex households, providing 85% of the mortgage, only 40% of the loan amount in the first year, and the interest rate is fixed at 0.88%, reducing the initial payment for buyers. Take Room F, 2/F and 3/F, Block 8B as an example, using a 300-day payment plan,The discounted price is 5.554 million yuan, the down payment is 15%, and the mortgage term is 30 years. The monthly payment in the first year is only 5,971 yuan, and the monthly payment will increase to 26,602 yuan in the seventh year and later. If the buyer does not transfer, the full-term interest expense will reach 3.845 million yuan, which is 1.738 million yuan or 82.5% more than the interest paid by the mortgage payment. (see table)

1% rebate for the purchase of units by relatives of the buyer

In addition, the purchase of designated one-bedroom duplexes and three-bedrooms can enjoy a discount of 10,000 yuan or free furniture; the relatives of the buyer who purchase other units in the same period in their own name can enjoy a 1% cash rebate; purchase a designated three-bedroom unit Buyers can enjoy discounts on car parking spaces.

Chen Yongjie, vice chairman of the Asia Pacific region and president of the residential department of Centaline Real Estate, said that the price per square foot of PARK YOHO Bologna's first price unit can be said to have gone back in time to 2018, reflecting the sincerity of the developer to sell the property. The number of units in the project is only 164 units, and the pricing is greatly discounted, and the subscription response is expected to be enthusiastic. Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), said that the project has already been completed, and it is expected to attract users who want to buy and live, as well as investors. It is estimated that about 70% of the project is for users, and 30% For long-term investors, the expected rent is about 35 yuan per square foot, and the rental yield is about 3%.

Ho Man Tin Tianzhu, a fellow of the same department, sold Unit A on the 11th floor of Block 6 by tender yesterday, with an area of 2,018 sq.

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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