The price per square foot is 17,600 square meters in the same area, and the price of one room is 354 square feet in the same area. The admission price is 6.079 million yuan.

28Hse Editor  2022-04-21  #New Properties

The COVID-19 outbreak in Hong Kong has eased, and social distancing measures have been eased from today. Developers are scrambling to restart new property sales. After Kai Tak's MONACO MARINE announced its sale plan, another new property has joined the sales battle. The pre-planning period is about 2.5 years, and Sino-Ocean Partners, Ka Wah and China Overseas Cooperation, Yuen Long Kam Sheung Road Station Park Long I announced the first price list for a total of 168 units. The first batch of THE YOHO HUB has a discounted average square foot price of 19,899 yuan, which is nearly 12% lower, and a 354-square-foot one-bedroom discounted 6,079,900 yuan admission. ◆reporter Liang Yueqin

Tian Zhaoyuan, co-director of the Xinzhi Sales Department Group, described the first price of Belong I as a super happy price. The project belongs to the railway line, and it is also the first hit of the Jinshang Road Station project. This time it is launched at a preferential price, which is believed to be about 20% lower than the market, which can attract young people to enter the market. It is emphasized that there is room for price increase. Based on the price of the first batch of units, the discounted price of nearly 90% of the units is less than RMB 10 million. The demonstration unit will be opened to the public today. Visitors should enter with "safe travel" and maintain social distance. The developer will regularly disinfect the exhibition hall.

Tian Zhaoyuan is optimistic about the performance of the property market this quarter

The first price list of Bailong I provides 168 units, including 52 one-bedroom units, 98 two-bedroom units and 18 three-bedroom units, with an area of 354 to 762 square feet, and the price list is priced from 7.238 million to 16.66 million yuan, with 180 days for immediate supply The maximum price discount is 16% (the maximum discount for the payment during the construction period is 12.5%), the net price is 6,079,900 to 13,994,400 yuan, and the average square foot price is 17,608 yuan, 354 square feet one room 6.0799 million yuan admission, 472 square feet two rooms The admission price is 7.5558 million yuan, and the 727-square-foot three-bedroom set with storage room is 12.731 million yuan.

Regarding the simultaneous launch of multiple new projects recently, Tian Zhaoyuan believes that the launch of multiple projects is a good thing, and the increase in the upper limit will be relaxed from today, and the second-hand transaction has also increased, which proves that the demand for housing is large, and he is optimistic about the performance of the property market this quarter.

Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), said that Perlon I adopts the strategy of "seeking quantity first and then asking for price". The inventory surplus is about 21,000 yuan, which is nearly 20% lower, which is attractive to buyers, and it is believed that the proportion of users accounts for more than 60%. If purchased for investment purposes, the rental return is expected to be more than 3%, and the rent per square foot can reach about 33 yuan. He also believes that the pricing of this new project can become a reference indicator for land sales in the region and the launch of new projects in the future.

30% of the agent's investor investor ratio

Chen Yongjie, vice chairman of the Asia Pacific region and president of the Residential Department of Centaline Properties, said that the first price list announced by Perlon I is 17,608 yuan per square foot, which is a 10% discount compared to the railway project in the same district in Yuen Long, and a 20% discount compared to the railway project on the Tuen Ma Line. Discount, I believe that the epidemic factor has been considered, and the development of business seeks to start the market at a preferential price. He expects the first batch of units to be sold off.There is also room for a 3% to 5% price increase for additional units.

The accumulated first hand has exceeded 50% of the previous month

Chen Yongjie continued to point out that recently the epidemic has subsided, social distancing measures are about to be relaxed, the People's Bank of China has lowered the reserve requirement ratio, etc., the pace of buyers entering the market has accelerated significantly, and developers are also rushing to launch. The primary market is gradually heating up. 240 primary transactions were temporarily recorded this month. The whole month of last month was more than 50%, and the monthly transaction volume is expected to reach 1,200, a six-fold increase from the previous month.

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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