MIAMI QUAY I received 1,000 votes, increased the price and added 65 units

28Hse Editor  2022-09-06  #New Properties

Kai Tak MIAMI QUAY I, which has received nearly 1,000 votes in recent days, launched 65 more units last night, with an average price per square foot of HK$23,991, a 6.9% increase from the first price list of HK$22,452 per square foot. This batch of units is the first to launch a 716-square-foot, three-bedroom, studio and toilet unit, which is about 17.85 million yuan, which is 10% lower than the price of a similar area unit at No. 1 Victoria Harbour, which is also in the former runway area. Qualified for priority subscription of parking spaces. In addition, the duplex units sold by OASIS KAI TAK, an existing building project in Kai Tak, sold for more than half a billion yuan, and the developer expects to sell about 8.14 million yuan. ◆reporters Liang Yueqin and Yan Lunle

MIAMI QUAY I, developed by Wheelock Properties in partnership with Henderson Land, New World and Empire Group, is the latest addition of 65 units, ranging from 250 to 716 square feet, covering open-plan to three-bedroom units, deducting up to 12% discount, discount The actual price ranges from RMB 5.6698 million to RMB 18.6146 million, and the average price per square foot of the whole batch is RMB 23,991.

Add 5% initial construction period payment

For the purpose of getting on a car or changing a building or even making an investment, this project added the "Ingenuity Fan" construction period payment plan yesterday, and the buyer is a "Club Wheelock" or "Henderson Club" or "New World CLUB" on the date of signing the provisional sale and purchase agreement. For members, only 5% of the transaction price is required for the first instalment, and 95% of the balance will be paid when the building is handed over. Compared with the construction period payment plan provided by itself, 10% of the transaction price is required as the first instalment, and the down-payment is greatly reduced by half.

Chen Huici, general manager (marketing) of Wheelock Properties, said that as of 7:00 last night, more than 12,000 people have visited the on-site exhibition hall, and the project has received nearly 1,000 votes.

Yang Weiming, general manager of Wheelock Properties (Business Development), said that the project is expected to be sold during the Mid-Autumn Festival holiday, and the first round of sales will be divided into groups A and B, of which group A is interested in purchasing a two-bedroom with storage room, or a unit Three-bedroom, or more than two units, the current ticket holders accounted for about one-third of the total number of votes. As for the 1,335-square-foot top-floor characteristic unit, 10 groups of prospective buyers have made inquiries in the past week, and it is expected that the first sale will be arranged for tender.

He pointed out that 70% to 80% of the ticket holders are self-occupants, and the rest are investors. Among the price list No. 1, one-bedroom and two-bedroom units are the most popular, and there are many inquiries from medical professionals and financial professionals working in the area. The three-bedroom unit has also received inquiries from many customers. The price list No. 2 covers this type of apartment, including the largest three-bedroom unit with a studio and toilet that debuted for the first time.

OASIS KAI TAK Duplex Tart Order

In addition, the existing building project of OASIS KAI TAK in Kai Tak owned by Wheelock Properties, the duplex unit of Flat C on the 2nd and 3rd floor of Block C, Low Block, with an area of 1,491 square feet and a roof of 351 square feet, was sold at a tender price of 54.3048 million yuan in May last year. feetThe price was 36,300 yuan, which was a series of new highs for the project at that time. However, the transaction records show that the buyer terminated the sales cooperation yesterday, with a total of about 15% of the order leaving the market, and the amount involved was about 8.14 million yuan. The developer immediately re-launched the duplex and put it on the market for tender this Friday and next Monday.

One customer even swept the three groups of Victoria Harbour Exchange II

In terms of first-hand transactions, Victoria Harbour II in West Kowloon, jointly developed by Wheelock Properties, Sino, K. Wah and Java, received over $57.9 million from the same group yesterday to clean up three three-bedroom units with an area of 794 square feet. Among them, the transaction price of Unit A on the 20th floor of Block 6 is 19.34 million yuan, or 24,538 yuan per square foot, while the transaction price of Room A on the 18th and 19th floors of Block 6 is also 19.282 million yuan, or 24,285 yuan per square foot.

The cargo volume is maintained at 10,000 units

In addition, the tail volume of new orders in Hong Kong remained high. Centaline Property Research Department recently pointed out that as of July 2022, based on the completion of new projects from 2017 to 2022, the total number of new projects in Hong Kong totaled 10,753 units, a decrease of only 88 units on a monthly basis.

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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