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Oceanside Station receives 30,600 votes, breaking the record of Hong Kong's first port of call
Aug 11, 2023
Oceanside Station receives 30,600 votes, breaking the record of Hong Kong's first port of call Hong Kong
By   Centaline Property
  • City News
  • Hong Kong Port Record
  • Sea Friendly Station II
  • Hong Kong Property
Abstract: Long queues at the sales office of Oceanside II in Tsim Sha Tsui for the past few days.

The developer's strategy of opening new flats at low prices has been successful, and Hong Kong's new flats have become the king of votes after a lapse of two years. Cheung Kong (1113), which has not launched any large-scale new property for a long time, has recently launched the sale of Yau Tong Sea Friendly Station II at "affordable HOS price", and the ticket collection process for the past 6 days has been closed last night, and finally received more than 30,600 tickets, which has broken the record of 30,500 tickets of Tai Wai Station Parkview Estate 2 years ago, and has been crowned as the "King of Tickets for New Properties", and has broken the record of the past record since the opening of the port of Hong Kong. With the first round of Saturday's sale of 626 fellows, oversubscribed by more than 47 times, equivalent to an average of 48 people fighting for a unit, proving the huge demand for fresh.

 

Cheung Sha Wan sales department chief manager Kwok Tze Wai said, ticket holders, subsidised housing customers accounted for 20%, people from East Kowloon district accounted for 70%, the rest of the New Territories and Hong Kong Island districts.

 

Pro sea station II last Thursday announced the first price list, the first batch of 132 units discounted average foot price of $ 14,997, is expected to be after 2016, the past seven years in the city's flattest new project, the flattest unit discounted from $ 2.9 million. The flatest flat starts from $2.9 million. The entrance fee of private property in urban area is rarely found at $3 million, which is described as "flatter than HOS" and even flatter than the new property in New Territories.

 

Market participants believe that the pro-Haikou Station II is close to the MTR station, so it is convenient to go in and out of the station, and most importantly, the entry fee is low. 2.9 million yuan can be moved into a private property in Linhai City, even if the interest rate is raised, it is still affordable to pay, which triggers the rare boom of pumping out new flats in recent years. It is believed that many of those who have already entered the lottery are from those who originally intended to apply for the new phase of the HOS, especially the younger buyers.

 Oceanside Station receives 30,600 votes, breaking the record of Hong Kong's first port of call

For investors, urban rental flats have always been popular, and the monthly rent of an open-plan flat in a harbour-front station is expected to be at least $10,000 per month, and the rate of return is expected to be as attractive as 3% to 4% based on the number of flats admitted.

 

The power of this "deep water bomb" is amazing, attracting a large number of users and investors to come out, Oceanside Station II in just 6 days strongly received about 30,600 votes, ascending to the throne of Hong Kong's new property vote king, at $50,000 per cashier's cheque, freezing market capital of more than $ 1.5 billion.

 

New World Tai Wai Station on the cover of the Park Avenue III, two years ago created a new property myth, received a strong 30,500 votes, was crowned the "King of New Property Tickets", breaking the record since the inception of Hong Kong.

 

Hong Kong's new property market has received more than 10,000 votes, which was not common in the past, and more than 30,000 votes is even rarer, and together with Ocean Station II, it has only appeared three times in the past. Among them, the New World (017) Tai Wai Station Park Avenue series has been on sale since the quarantine in 2020, and has broken the record of the king of tickets for new flats after 1997 for many times.

 

After receiving more than 27,000 votes in the first round, the sales of Park Avenue III in June 2021 received about 30,500 votes in the second round, breaking the record of Hao King Wan Phase 1 in Tsing Yi, which had been maintained for 24 years and received about 30,400 votes in July 1997, but the record was broken two years later. However, the record has been broken by Pro-Harbour Station two years later.

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Oceanside Station receives 30,600 votes, breaking the record of Hong Kong's first port of call
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