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Cheung Kong Yau Tong Plate Proposed Fixed-Rate Mortgage
Jul 20, 2023
Cheung Kong Yau Tong Plate Proposed Fixed-Rate Mortgage Hong Kong
By   Wen Wei Po 
  • City News
  • New Developments
  • Mortgage Arrangements
  • Property
Abstract: The Federal Reserve will discuss interest rates next week, the market is concerned about the interest rate trend, Cheung Kong Real Estate Sales Department Chief Manager Kwok Tze-wai said yesterday, the Yau Tong pro-sea station II will be open next week demonstration units, and as soon as possible to announce the first price list, the group is discussing with financial institutions to launch a flexible fixed-rate mortgage arrangements.

Guo Ziwei pointed out that the group in order to solve the prospective buyers on the interest rate hike concerns, is discussing with the relevant financial institutions, hoping to launch the first two years of flexible fixed-rate mortgage arrangements, the interest rate is expected to be in the level of 3% to 4%, which is just similar to the period of the property prices. He believes that, from the recent U.S. CPI data, the U.S. interest rates have the opportunity to see the top, but if there is a rate hike, I believe that the magnitude is not large, the impact on the Hong Kong property market is relatively small, the second half of next year should enter the interest rate reduction period.

 

Changshi sales manager Chen Yongci pointed out that the project's dual clubhouse Club Coast Line, with an area of 70,000 square feet, provides nearly 30 facilities, including e-sports and few in the same area, "Parents and Pets Paradise".

Cheung Kong Yau Tong Plate Proposed Fixed-Rate Mortgage

On the other hand, Henderson Land's Quarry Bay has been the current building of THE HOLBORN yesterday will be part of the price list of the highest discount rate to 24%, compared to September 2021 when the first launch of only 6% discount, disguised as a substantial price reduction. This time, it also launched a 300-day transaction period, with only 10% of the first installment required to apply for occupancy, and the buyer is required to pay an occupancy permit fee equivalent to 1% of the property price, but at the time of transaction, the 1% of the property price will be converted into a special rebate to offset the balance of the property price.

 

Henderson Property Agency Director and General Manager of Sales (2) Department, Mr. Han Jiahui said, the project will be put on sale this Sunday with 20 units, including 3 units of 2-bedroom units and 17 units of 1-bedroom units, with sizes ranging from 255 to 452 sq. ft. at a discounted price of $5,737,000 to $12,394,000, and a discounted foot price of $22,499 to $27,421 per square foot.

 

According to the price list, the maximum discount for the 17 one-bedroom units of the property, which will be put up for sale this Sunday, was only 6% when the first price list was announced in September 2021, at a discounted real price of about $7.096 million to $8.027 million. After the price list was revised, the maximum discount reached 24%, and the discounted price was reduced to $5.737 million to $6.4904 million, with a cash rebate of 4% to 6% of the property price for early transactions.

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Cheung Kong Yau Tong Plate Proposed Fixed-Rate Mortgage
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