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Pro-Harbour Station II receives over 20,000 votes
Aug 10, 2023
Pro-Harbour Station II receives over 20,000 votes Hong Kong
By   Wen Wei Po 
  • City News
  • Oceanside Station II
  • New Homes
  • Hong Kong Properties
Abstract: This year's "King of Votes", Cheung Kong's Yau Tong Sea Friendly Station II was put up for sale on Saturday (12th), with 626 standard units, at a discounted entry price of $2.9 million. Market news said, the project up to last night accumulated tickets further increased to more than 20,000 votes, compared with Saturday's first round of sales of 626 units exceeded about 31 times, and tonight at 8:00 pm to close the tickets.

The chief manager of the sales department of Cheung Kong Holdings, Kwok Tze-wai, said that the project tickets, Tseung Kwan O district accounted for 25 per cent, Kai Tak district accounted for 20 per cent, Yau Tong district accounted for 15 per cent and Kwun Tong district accounted for 10 per cent.

 

Midland Realty Residential Chief Executive Officer (Hong Kong and Macau) Bo Siu-ming said that the property price of Pro-Harbour Station II is similar to that of HOS flats, and the response to the collection of tickets in just a few days has been quite enthusiastic. Reference to the latest phase of HOS pricing, for example, Kai Tak Kai Yue Court, an area of 278 square feet of units, foot price of nearly $ 10,000, and HOS resale need to make up for the land price.

 

On the other hand, private flats with clubhouse facilities are better in terms of supporting facilities and resale in the future, and can be used as self-use and long-term investment. It is expected that pro-harbour stations will attract many prospective buyers who are interested in purchasing HOS flats or subsidised flats, and will become an excellent choice for getting into the private flats. Apart from users, the proportion of investors is expected to be as high as 40%.

 

Entering August, a number of new developments have been launched in a row, and low price strategy to seize the attack, he believes that the market purchasing power continues to flow to the first-hand, look at the first-hand transactions in the whole month to more than 1,000 level, will be doubled compared with July.

 Pro-Harbour Station II receives over 20,000 votes

On the other hand, Midland Property has partnered with Meridian Mortgage to offer buyers of the project a "high-percentage, high-rebate H-mortgage offer".

 

Tso Tak Ming, Chief Vice President of Meridian Mortgage Referral, said that the H-mortgage loan-to-value ratio is up to 90%, the mortgage interest rate is as low as H+1.3% for the whole period, with a cap as low as P-2.25% (P=5.875%), i.e., the cap interest rate is as low as 3.625%, the cash rebate is up to 3%, and the maximum tenure can be up to 30 years, and a high interest rate account can be enjoyed as a special feature.

 

Assuming the purchase of an open-end unit with a discount of about $2.9 million, the monthly instalment will be $11,901 and the cash rebate will be as high as $80,000, which can immediately offset the interest expenses for about 10 months.

 

On the other hand, the residential project held by Jian Hao Property at 18 Junction Road, Kowloon City is officially named Man Yiu.

 

Mr Cheng Chi Wing, Director of Investment and Sales Department of Jian Hao Property Group, said, "Wen Yao will provide 92 units in total, with standard unit interval ranging from 1 room to 4 rooms and sizes ranging from 379 sq ft to 2,183 sq ft, and the preliminary preparatory work has reached the final stage, and will be deployed for sale in the near future.

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Pro-Harbour Station II receives over 20,000 votes
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