2024-04-25 28Hse Editor
(Leung Yuet-kam) CK Asset and Sun Hung Kai Properties (SHKP) have launched 292 units of Grand Jete’s phase two development in Tai Lam, Tuen Mun, and will launch the second phase’s remaining 108 units today. Moni Yeung, assistant chief manager of sales at CK Asset, said yesterday that the remaining 108 units of Grand Jete’s phase two development would be launched today, and that 400 flats to be put up for sale as soon as this Saturday, with sales arrangements to be announced. It is expected that there will be a priority selection period for buyers of three-bedroom households to purchase their flats.
A total of 18,000 visitors recorded
She added that since the opening of the development’s show flats last Friday, 18,000 visitors have been recorded, attracting great interest across the city with 65 per cent of visitors coming from the New Territories, 25 per cent from Kowloon and 10 per cent from Hong Kong Island. Apart from young users, the proportion of investors has increased to about 30 per cent, mainly due to the development of the Northern Metropolis.
Sammy Po Siu-ming, CEO of Midland’s residential division for Hong Kong and Macau, said that Grand Jete’s second phase development debuted at a shocking price and has attracted many long-term investors, with an estimated return rate of around 3 per cent. In addition, Midland, in partnership with mReferral, is offering a free air ticket voucher of about HK$5,000 to each of the first ten buyers who purchase a unit through the agency on the first day of sale.
Further, mReferral Mortgage and Centaline Mortgage are offering a “90 Immediate Mortgage” payment plan, which comes with a 90 per cent loan-to-value ratio, a mortgage rate as low as H+1.3 per cent and a ceiling of P-2.25 per cent (P=5.625 per cent). That is, a capped interest rate as low as 3.375 per cent, a cash rebate as high as 2.3 per cent and a maximum term of 30 years, as well as a high deposit interest account.
After the Rain sells 97 units in Friday launch
After selling nearly 80 per cent of the 143 units in the first round of sales last Saturday, Star Properties’ After the Rain in Yuen Long launched an additional 93 units last night at a discounted average price of HK$15,694 per square foot. The additional sale was at the original price, covering 7 open-plan units, 57 one-bedroom units and 29 two-bedroom units, of which two units are featured units, ranging in size from 252 square feet to 475 square feet, at a discounted price of HK$4.1222 million to HK$7.7641 million. The property will also be put up for sale in a second round of 97 units on Friday at a discounted price of HK$4.1222 million to HK$7.7641 million, with a discounted price of HK$13,766 to HK$17,850 per square foot, and tickets will close at 8pm on Thursday. Buyers can purchase up to two flats.
Cheung Sha Wan Grade A office building cashes in nearly HK$240 million
Benefiting from economic recovery and full customs clearance, New World Development's NCB Innovation Centre at 888 Lai Chi Kok Road, Cheung Sha Wan is rumoured to have recorded another large transaction. An owner-occupier purchased a batch of high-rise units for nearly HK$240 million, marking the largest transaction of a Grade A building after customs clearance. Based on a total area of 15,263 square feet, the price per square foot was close to HK$16,000.
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