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Cheung Sha Wan Yau Tong Plate to open for sale next week
Jul 13, 2023
Cheung Sha Wan Yau Tong Plate to open for sale next week Hong Kong
By   Wen Wei Po 
  • City News
  • New Developments
  • Real Estate Projects
  • Real Estate
Abstract: Since the Hong Kong Monetary Authority (HKMA) relaxed the loan-to-value ratios for owner-occupied properties below $30 million last week, developers have been making moves to attract buyers and speed up the pace of property launches.

Cheung Kong said yesterday that Yau Tong Sea Friendly Station II is scheduled to announce its first price list next week and put it on sale this month, and it is proposed to offer an additional 5% discount for professional buyers. In addition, three new projects are scheduled for sale next Sunday (16th), respectively, Wheelock Properties' KOKO MARE in Lam Tin, as well as Henderson Land's Bijia Place‧Ying Hui in Hung Hom and THE HOLBORN in Quarry Bay, which involves 98 units, 16 units and 28 units. Among them, Bijia Place‧Ying Hui lowered the selling price of the above units by about 3.5% to 4% yesterday. Together with Saturday (15th), there will be at least 5 new properties competing for customers over the weekend.

 

The chief manager of the sales department of Cheung Kong Holdings, Mr. Kwok Tze-wai, said yesterday that the Yau Tong Sea Friendly Station II will be uploaded to the sales brochure this week, and the earliest price will be next week and open the demonstration units, the first price list will be no less than 132 units, the market value of more than 1 billion dollars, and the chance of this month's sale, the pricing of reference to the new developments in the Kowloon district.

 

In line with the SAR Government's launch of a number of "Talent Grabbing" program, Guo Ziwei pointed out that the property will launch the "Love Talent Program" offers, mainly for professionals and academic talents who work in Hong Kong or come to Hong Kong and intend to buy their own homes, to provide an additional 5% discount on the selling price.

 

Chan Wing Chee, sales manager of Cheung Kong, pointed out that there are 658 units in Sea Station II, with an area of 210 to 723 square feet, among which 58 units are open-plan, 232 units are one-bedroom, 228 units are two-bedroom, 112 units are three-bedroom and 28 units are duplex, and most of the two-bedroom and three-bedroom units have a sea view.

 Cheung Sha Wan Yau Tong Plate to open for sale next week

On the other hand, Wheelock Properties' Lantian KOKO MARE launched 45 units yesterday, including 1 one-bedroom and 44 two-bedroom units, with the area of 310 to 529 square feet, at a discounted price of 7,574,000 to 10,357,000 yuan, discounted average square foot price of 19,333 yuan, and the implementation of the sale of 98 units on next Sunday (16th), including 9 units of special features, 301 square feet of one-bedroom discounted price of 5,928,000 yuan. 5.928 million dollars for admission.

 

Henderson property agent director and general manager of sales (second) department Han Jiahui said, Quarry Bay THE HOLBORN yesterday launched 10 two-room and 40 one-room units, with an area of 253 to 452 square feet, discounted price of 5,833,000 to 14,399,300 yuan, discounted feet price of 22,669 to 31,857 yuan. The 28-unit development will go on sale on Sunday.

 

On the other hand, Henderson Land's Hung Hom Bijia Place - The Gateway, after the price reduction in May, revised the price list again yesterday, and lowered the price of 16 units by about 3.5% to 4%, and arranged to put them on sale on Sunday on a first-come-first-served basis. The units include 9 units of 1-bedroom and 7 units of 2-bedroom, with the area of 278 sq.ft. and 378 sq.ft. The discount rate is maintained at 10%, the discounted price ranges from $5,634,000 to $7,978,500, and the discounted price ranges from $20,156 to $21,107 per square foot.

 

On the other hand, two new developments launched for sale on Saturday have received satisfactory response in terms of ticket collection. Pan Ocean International's Hung Shui Kiu Hui Du I has collected 1,700 tickets as of last night, over-registered by 8 times with the first round of sales of 188 fellows. Kerry partnership with Shun Lee, Swire Properties and the MTR co-development of Wong Chuk Hang Station Hong Kong Island South Coast Sea Ying Shan accumulated more than 1,400 votes, with the first round of sales of the price list 108 fellows, oversubscription registration about 12 times.

 

In addition, Swire Properties Director - Residential Business Albert To said yesterday, Wan Chai Star Street EIGHT STAR STREET remaining 4 units for sale, including the sale of 3 units in the feature units, until July 31 to enjoy an additional 5% discount, discounted real price of $ 41.93 million to $ 70.682 million, discounted real price of $ 50,383 to $ 58,999 feet.

 

Regarding the HKMA's relaxation of the loan-to-value ratio for owner-occupied properties, Albert To believes that the measure can help the market and help first-time buyers and home buyers to enter the market.

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Cheung Sha Wan Yau Tong Plate to open for sale next week
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