(Journalist Leong Yuet Kam)
Even though the epidemic continues and the stock market fluctuates sharply, LOHAS Park Phase 9C OCEAN MARINI in Tsueng Kwan, which had launched properties at prices slightly lower than market level, has received 2,000 applications in the past three days. Developer MTR and Wheelock additionally launched 60 units yesterday, increasing the number to 262 units on the price list, and confirmed to put on sale the first batch of 208 units on this Saturday. The application will close on Friday, and the results would be public on the same day. According to the sales arrangement, big customers of Group A can purchase up to 4 units, of which one unit must be designated unit in or above 700 sq ft. In comparison, buyers of Group B can buy 1 or 2 designated units.
The discounted sq ft price for the first batch of 208 units is HKD15,316.
Woo KwongYiu, the Executive Director of developer Wheelock Properties, expresses that this project has so far announced three price lists totaling of 262 units, with the discounted average sq ft price at HKD15,156 and the discounted cash amount at about HKD2.24 billion after the highest discount of 22.1%. 90% of the units are lower than HKD10 million, and 54% are lower than HKD8 million after discounts. The developer plans to put on sale the four-bedroom units above the 50th floor by tender. It will put on sale 208 units this Saturday, with the discounted average sq ft price at HKD15,316, and the discounted cash amount is about HKD1.83 billion.
OCEAN MARINI additionally launched 60 units in usable areas of 459-1,062 sq ft yesterday. They are two-bedroom to four-bedroom units at sale prices from HKD8.486 million to HKD22.667 million, and the discounted prices are HKD6.611 million to HKD17.658 million after deducting a maximum discount of 22.1%, leading the discounted average sq ft price to HKD15,698. He points out that the prices are original, excluding the factors of landscape, floor, and so on.
Woo KwongYiu also says that the anti-epidemic measures adopted while visiting the sample flats will be maintained in the sales of this Saturday， to respond to the epidemic situation. They including measuring body temperature for buyers etc. And the developer will also set a half-time break to disinfect the sales office.
On the other side, Ho Ka-Yan, the Assistant Chief Manager (Sales) of Cheung Kong, expresses that Seaside Sonata in Cheung Sha Wan, the project they developed with URA, will increase the price of 30 units which had been offered prices in block 5 by 2% this Saturday. At the same time, since this Saturday, the developer will give a " Happy Gold Ingot" discount of more than 250g pure gold ingot to each of the first five buyers who purchase designated units, with each discount value of about HKD98,000. She says that Seaside Sonata has sold 389 units since the sale in October last year, cash in more than HKD3.6 billion.
Mainland company China Evergrande's The Vertex in Cheung Sha Wan also updated the price list yesterday. Regardless of whether the buyer chooses the 90-day cash discount payment method, the 270-day cash discount payment method, or the construction period payment method, they only need to pay 5% of the property price after signing the temporary sale contract. And the remaining 95% Payment will be made on the due date of the selected payment plan.
Buyers of The Vertex are free of interest in the first year free.
In addition to the original offer of up to 12% discount from the developer, buyers who choose the "90% Mortgage Plan" can enjoy "interest-free for the principal" in the first year. In contrast, buyers who choose the "second mortgage plan" can experience "interest-free and principal-free" for the first year. 111 units are related to the developer's updated payment methods. They include open style, one-bedroom, and two-bedroom units, and 14 among are open style units, 58 among are one-bedroom units, and 39 among are two-bedroom units. The usable areas are from 238 sq ft to 447 sq ft.
In terms of first-hand property transactions, Sino's Lake Silver in Ma On Shan sold 2 feature units by tender yesterday. Thereinto, sea view room C on the 67th and 68th floor in block 8, a unit in usable area of 1,671 sq ft with a platform of 805 sq ft and a rooftop of 61 sq ft, was sold at HKD35.1 million, with the sq ft price at HKD21,005. Both the sale price and the sq ft price are the new highs for the project. The same series project Commune Modren in Fanling also sold 1 feature unit by tender. It is room D on the 25th floor of block 2, a unit in usable area of 741 sq ft with a rooftop of 517 sq ft and a platform of 86 sq ft, and the transaction price was HKD12.2 million, with the sq ft price at HKD16,464.
