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New property war heats upGREENWICH collects 420 votes to launch new properties
Aug 3, 2023
New property war heats upGREENWICH collects 420 votes to launch new properties Hong Kong
By   Wen Wei Po 
  • City News
  • New Homes for Sale
  • GREENWICH
  • Hong Kong New Homes
Abstract: Kowloon's new property war, Cheung Kong's Yau Tong pro-sea station Ⅱ will be announced today the first price list of at least 132 units at the time, Henderson Land's Hung Hom BAKER CIRCLE-GREENWICH plans to launch additional units.

Henderson property agent sales (a) general manager Lam Tat-man said yesterday, the disc as of 3 p.m. yesterday cumulative collection of 420 votes to the first two price list of 84 guys, over-registered 4 times, the opportunity to push the unit again, this week issued sales arrangements, the earliest next week on sale.

 

Lam Tat-man pointed out that BAKER CIRCLE-GREENWICH has been in the ticket, 60% from Kowloon, 40% from Hong Kong Island and the New Territories, the project's first price list in the 27th floor H units, a practical area of 490 square feet, three rooms with a set of storage room spacing, inch by inch, practical, the storage room is also attached to the window, he said that there are agents and friends to describe this unit will be "competing for the collapse of the head," there are quite a lot of guests! He said an agent friend described the unit as a "competition for the head" and there were many enquiries.

 

The unit price list price of $10.03 million, after deducting the highest 10% discount, discounted real price of $9.027 million, discounted real foot price of $18,422. He continued, the Hong Kong property market is now stable, the interest rate is about to peak, is the time to enter the market, I believe that the second half of the economy continues to improve, favourable to the property market rebound.

 

Henderson Land's Tsim Sha Tsui Benwood commissioned Midland Realty to be the exclusive agent for the sale of all the remaining first-hand residential units of the project. Midland Realty is offering buyers of the first-hand residential units of the project a special offer of "five-star hotel accommodation with catering privileges", with a total of three quotas, valued at about $30,000 each, and a total value of about $90,000 in privileges.

 

Mr Bo Siu-ming, Chief Executive Officer (Hong Kong & Macau) of Midland Realty, said that Benwood is instantly accessible to Jordan MTR Station and is close to the West Kowloon Terminus of the Express Rail Link in Austin area, with a number of direct bus routes in the area to various border control points, so it has good leasing potential for self-occupation. According to the information of Midland Branch, Benwood has recently recorded a number of rental transactions, including high-rise open-plan flats with a usable area of 233 sq ft at a monthly rent of $15,500 and a usable rent of about $67 per sq ft.

 New property war heats upGREENWICH collects 420 votes to launch new properties

On the other hand, the original by the former chairman of the high bank financial Pan Sutong privately held Ho Man Tin Ao Coco, last year by the debtors on behalf of the takeover of the suspension of the sale of buildings, it is expected to restart the sale of the deployment of the details announced today, the units available for sale of 382 units, it is expected that will be put on sale in batches.

 

Aoco consists of 6 blocks of flatted residential buildings, providing 401 units, with usable area ranging from 823 to 6,600 sq.ft. According to the transaction record book, 19 units have been sold since its launch in November 2019, accounting for about 5% of the total number of units in the property.

 

Dinpei's Cheung Sha Wan Rui Feng has updated its price list, changing the price of the units with "Relax 90 days payment method" from the price of the units to the price of the units plus 3%, which is a disguised price increase. The developer pointed out that the factor of interest rate hike in the United States began to fade, the interest rate hike in Hong Kong is mild, confidence in the property market, urban projects are highly sought after by the public, so the revised price list. The property since the restart of sales in February this year so far cumulative sales of 83 units, cash nearly 1 billion yuan.

 

Wheelock Properties Vice Chairman and Managing Director Wong Kwong Yiu said, Kai Tak MONACO MARINE from the middle of June to obtain the satisfaction of the paper, recorded a total of 10 transactions, of which 7 from the low block unit, I believe the Government to relax the mortgage percentage, can drive the chain of property exchange, the recent project has also frequently obtained the mainland background of the person inquired about the project so far sold 351 units, the cash of more than 4.57 billion yuan.

 

The disc existing 27 units of low block units available for sale, 5 units for featured households, among which 3 units are sold by tender. And MONACO ONE and MONACO MARINE high-rise units available for sale only 110 units.

 

He said, the group so far this year, property sales have been close to 12 billion yuan, the second half of the plan to sell three new discs, including Wan Chai Chun Yuen Street project is expected to be launched in September, the project has a total of 80 units, to become a boutique luxury housing, the fourth quarter will be launched in Tseung Kwan O, LOHAS Park, phase 12 of the first phase, and 19 Shing Fung Road, Kai Tak, phase 1 of the co-operation project.

 

Wong Kwong Yiu continued, the Federal Reserve interest rate hike, Hong Kong banks have not followed completely, only a slight increase in interest rates, relative to the interest rate factors have been digested by the market, the future interest rates also have the opportunity to see the top, I believe that the fourth quarter of the property market as a whole is still good.

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New property war heats upGREENWICH collects 420 votes to launch new properties
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