2024-05-10 28Hse Editor
(Leung Yuet-kam) Wheelock Properties’ KOKO ROSSO in Lam Tin, the first new property to be put up for sale since the government lifted the hood order was well received, with 6,638 votes collected and 160 units sold in the second round of sales at 7pm last night. Many prospective buyers queued up about an hour ago to register, causing a queue to form at the lobby of Tower 2 of The Gateway in Tsim Sha Tsui, where the sales office is located, extending to the entrance of shopping centre Harbour City. According to sources, 134 units were sold by 11pm last night. In just six days, 282 units were sold.
Ricky Wong Kwong-yiu, vice chairman and managing director of Wheelock Properties, said 81 units had been sold in less than two hours after the opening of the sale, cashing in more than HK$650 million. Among them, a major client purchased the adjoining units of Flats C and D on the 15th floor of Block 6 for about HK$20 million. A third round of sales will be announced shortly and there will be room for a 10 per cent price adjustment. Last night's sale included 21 one-bedroom (open kitchen) units, 93 two-bedroom units with open kitchens and 46 two-bedroom terraced kitchen units, ranging in size from 271 to 477 square feet, at a discounted price of HK$5.837 million to HK$9.670 million, or HK$17,407 to HK$22,642 per square foot.
NOVO LAND Phase 2B receives more than 8,000 votes
On the other hand, Phase 2B of Sun Hung Kai Properties’ (SHKP) NOVO LAND in Tuen Mun will go on sale for the first round of 352 units this Saturday (March 4), with tickets closing tonight. SHKP general manager Chan Han-lin said that as of the night before last, the property received more than 8,000 tickets, more than 21 times the number of tickets sold. Customers who bought many units and three-bedroom units accounted for 20 per cent of tickets sold, and the number of tickets from mainland Chinese customers was also higher than that of the first phase. A showroom will be held at the V City shopping mall in Tuen Mun until March 11.
Bal Residence and After the Rain to be sold within the month
As for the first price list of 56 units of Bal Residence in Kwun Tong, a joint venture between Lai Sun Development and the Urban Renewal Authority, ticket collection started last Friday. According to Lai Sun Group senior vice-president Julian Poon Yui-man, the property has been oversubscribed by about one time, mostly by families and users replacing existing property. Promotion and sales will be launched within a month at the earliest. Partnering with mReferral Mortgage Brokerage Services, the project offers buyers an H-mortgage discount, with a maximum loan-to-value ratio of 90 per cent, a mortgage rate as low as H+1.3 per cent for the full term and a ceiling of P-2.5 per cent, a rebate of up to 2.3 per cent and a special high deposit account with a maximum term of 30 years.
As other developers gear up for a flat sale battle, Chan Man-fai, executive board chairman and chief executive at Star Properties, said that the first price list for After the Rain in Yuen Long will be announced next week, with no less than 67 units, ranging from open-plan studios to three-bedroom units. Sales will start within this month at the earliest. The pricing will be competitive It is expected that about 80 to 90 per cent of the units will benefit from the new first-home purchase stamp duty.
Liu Hon-wai, executive director and head of sales and marketing at Star Properties, added that the project is positioned as a railway development and will be priced with reference to first-hand projects along the railway lines in Kowloon and the New Territories.
Grand Jeté Phase 2 plans to upload property brochures next week
Phase 2 of Grand Jeté in Tuen Mun, developed by CK Asset Holdings and SHKP, will be launched within a month. According to Moni Yeung, assistant chief manager of sales at CK Asset Holdings, the sales brochure will be uploaded next week, with sales likely to commence within the month. Yeung also expressed confidence that most units would benefit from the new tax band adjustments.
According to reports, Grand Jeté Phase 2 involves two blocks, providing 400 units, including one-bedroom units with an open kitchen of 263 to 284 square feet, with an area of 263 to 284 square feet, accounting for 220 units; two-bedroom terrace kitchen units of 462 to 485 square feet, accounting for 140 units; and three-bedroom units with storage room and an area of 722 square feet, accounting for 40 units. The expected launch date for the project is December 2024.
The Quinn Square Mile sells 15 units on Sunday
Continuing to push for flats to sell out, Han Jia-hui, general manager of Sales (II) at Henderson Land, said that The Quinn Square Mile has added 88 units, including open-plan to two-bedroom units, with sizes ranging from 209 to 405 square feet, and prices starting from HK$4.5917 million and HK$20,626 per square foot. 5 units will be put on sale on Sunday (March 5), with an area of 209 to 405 square feet, at a discounted price of HK$4.5917 to HK$10.135, with a discounted price of HK$21,844 to HK$24,972 per square foot.
New launches in March
Development Situation
KOKO ROSSO, Lam Tin At least 134 units were sold in last night’s second sales
round of 160 units
NOVO LAND Phase 2B Tickets closed today; first round of 352 units to be sold this
Tuen Mun Saturday
Bal Residence, Kwun Tong First price list of 56 units was oversubscribed by 1 time;
Additional sales will be launched and sold within the month
at earliest
After the Rain, Yuen Long Prices will open next week; first batch of at least 67 units
will be launched for sale within the month
Grand Jeté Phase 2, Sales brochure to be uploaded next week, project to be
Tuen Mun launched within the month
Tabulation: Leung Yuet-kam
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