Xingkai · Embankment launched today involving more than 400 units

28Hse Editor  2022-05-27  #New Properties

The sales response of first-hand projects in the New Territories is satisfactory, and developers are trying to attract the purchasing power of the market, setting off a new wave of new developments. Developed by Central Continental Properties, Shatin, Fotan, Xingkai Shore, today (27th), 426 units were put up for sale in one go, including 99 units sold by tender and 327 units sold by price list, with an average price of 22,700 yuan per square foot. Starting from 5.696 million yuan, it has been confirmed that 3 demonstration units will be opened for public viewing this weekend.

20% of the reserved projects are rented out

Yang Congyong, director of marketing planning of Zhongzhou Real Estate, said that the project will sell 426 units this Friday, and the price list will account for 327 units. The units range from open-plan to 3-bedroom and characteristic units, including high, middle and low-rise floors. The discounted admission price is 5.696 million yuan, which is 2 blocks of 7 units. Floor H, with an area of 259 square feet, is an open-plan household. Another 99 units were launched for tender, including duplex units of over 2,000 square feet. Although a large number of units have been launched at one time, Yang Congyong said frankly that he is not worried about competition. He has expected to slowly launch sales within half a year, and is expected to sell more than 1,000 units by the end of the year.

Xingkai · Embankment has sold 830 units and cashed out 8.36 billion yuan. The key date is March 31, 2023. Yang Congyong revealed that three new three-bedroom show units will be opened this weekend, including two units of 945 square feet and one unit of 774 square feet. He pointed out that with the opening of the cross-sea section of the East Rail Line, property prices in the Fotan area are expected to hit a new high. The developer will continue to keep 20% of the units in the project for rent, and the rental return is expected to outperform the market.

Mingqiaohui duplex bidding in the second half of the year

On the other side, Yan Jingfeng, the sales and marketing director of Jiaming Group, said that Tsing Yi Mingqiaohui has sold 720 units, and the last 56 units are for sale. It is predicted that 6 top-floor duplexes will be tendered in the second half of the year, with a target price of 40,000 yuan per square foot, which is expected to challenge Tsing Yi. new highs. In addition, the project is provided with the owner's private car pick-up service, and there is a circular line to and from the MTR Nanchang Station. The journey takes about 10 to 13 minutes. It is expected to be put into service from July to August. The project is also open to the standard demonstration unit of Unit A on the 29th floor of Block 2, with an area of 808 square feet and a 4-room interval. The public can make an appointment to visit today.

In addition, Yan Jingfeng added that the same new single-building project in To Kwa Wan has no more than 100 units, of which the open-plan units are about 250 square feet and will be put up for sale at the end of the year at the earliest.

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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