Kai Tak MIAMI QUAY I opens 10% lower

28Hse Editor  2022-09-03  #New Properties

The first batch of 130 units has an average price of 22,452 yuan per square foot, and the entrance fee is 5.24 million yuan

The new crown epidemic in Hong Kong has heated up again, and the Federal Reserve will raise interest rates this month, so developers are restrained in asking prices. Wheelock Properties has partnered with Henderson Land, New World and Imperial Co-development. The off-plan period is about one year. MIAMI QUAY I, located in PARK PENINSULA, Kai Tak Runway District, announced the first price list yesterday for a total of 130 units, deducting a maximum 12% discount. The average price per square foot is 22,452 yuan, which is 10% lower than the average square foot price of 24,833 yuan and 24,333 yuan for the first batch of two new projects in Kai Tak district, MONACO MARINE and THE HENLEY II in April this year. The first batch of Victoria Harbour One in the runway area has a discounted average square foot price of 22,977 yuan, which is 2.3% lower, and the 250-square-foot open-plan unit has a discounted admission of 5.242 million yuan.

◆reporter Liang Yueqin

From today onwards, the fastest Mid-autumn festival will be on sale

Huang Guangyao, managing director of Wheelock Properties, described it as "starting the price together", and there is room for price increases in the future. Today, the show unit will be opened for public viewing and simultaneous ticket collection. It is expected that the sale will be launched as soon as the Mid-Autumn Festival holiday.

Leung Chi-kin, Chairman of Wheelock Properties, said that the project is the first new project to be put on sale after PARK PENINSULA was named. The project is located on a peninsula surrounded by the sea on three sides, close to the cruise terminal, Kai Tak Sports Park, etc. In the future, there will also be shuttle buses to connect to the MTR. stand. Looking forward to the outlook of the property market, he believes that the property price will still be adjusted by 3% to 5%. Since Hong Kong is a small place with the country as the backing, he believes that the economy will always improve, so he is optimistic about the market situation next year.

Huang Guangyao described the first batch of prices as "the starting price of Qixin", which is about 10% lower than the market price, hoping to attract market attention and attract small families and young customers. The project will open the demonstration unit for public viewing today, and will accept subscription registration at the same time. He pointed out that the first batch of 130 units, with an area of 250 to 620 square feet, covers 7 open-plan units, 52 one-bedroom units, 67 two-bedroom units and 4 three-bedroom units. The price list is priced from RMB 5.956 million to RMB 16.641 million, and the average price per square foot is about RMB 25,512; the developer offers a discount of up to 12%, the discounted price is between RMB 5.242 million and RMB 14.465 million, and the discounted price per square foot is about RMB 20,339 to 23,839. The average price per square foot is 22,452 yuan. In addition to the 90-day instant payment with a maximum discount of 12%, this time, a 120-day medical care heart-to-heart instant payment plan will also be offered to eligible healthcare workers this time, with a maximum discount of 12% and a 120-day settlement period. The market value of the first batch of price orders was 1.32 billion yuan. The project will also hold a MIAMI-themed party in the exhibition hall today and tomorrow, and a Mid-Autumn Festival workshop will also be held.

China Raw Materials Attracts Investors to Market

Chen Yongjie, Vice Chairman of Asia Pacific and President of Residential Department of Centaline Property said, MIAMI QUAY IThe price of the first price list is conservative, about 15% lower than that of the first-hand goods in the same area. The luxury residential lot is offered at an affordable price, which shows that the developers continue to open low to attract customers. The discounted price of most units in the first price list is lower than 12 million. Yuan, can benefit from the "Cai Ye Plan", some of which the discounted entry price is lower than 6 million yuan, which is believed to meet the market demand. Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), said that the first batch of units in MIAMI QUAY I are about 10% lower than the new units in the same area and the final price, covering open-plan to three-bedroom units, catering to the needs of different buyers, I believe The proportion of investors is expected to account for about 30%, and 70% are users. He expects that the rent per square foot will reach about 45 yuan in the future, and the rate of return is expected to be about 2.5%.

Mongkok Larchwood sells 34 units on the first day

On the other side, with 604 votes accumulated, Larchwood in Mong Kok, a subsidiary of Wang On Properties, sold 83 units in the first round yesterday afternoon. The sales office is now crowded with young customers and family customers. According to the news, 34 units were sold on the first day, with a sales rate Nearly 41%. Yesterday's sale unit area ranged from 181 to 267 square feet, offering 53 open-plan and 25 one-bedroom standard units, and 5 low-rise characteristic units, each with attached terraces ranging from 26 to 81 square feet, with a discount of up to 15% , the discounted price is 3.833 million to 6.525 million yuan, and the discounted square foot price is about 18,448 to 25,107 yuan.

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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