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Camber Crest III launches 108 units of 2-bedroom for $6.92m entry
Aug 22, 2023
Camber Crest III launches 108 units of 2-bedroom for $6.92m entry Hong Kong
By   Wen Wei Po 
  • City News
  • Camber Crest III
  • New Developments
  • Hong Kong Property
Abstract: The new property market is competing with each other to strike at a low opening price.

Shun Lee, K. Wah, China Merchants Land Partnership MTR co-development of Tseung Kwan O LOHAS Park Crest III for the past few days to collect more than 1,350 votes, the property yesterday evening at the original price of the launch of an additional 108 units, with an area of 442 to 719 sq ft, including 98 units of two-bedroom and 10 units of three-bedroom, to 200 days of talent to pay a discount of 14% and 4.5% interest subsidy, the discounted real price of 6,921,000 yuan to $12,283,000, discounted real The average price is $16,366, and sales will start at the end of this week at the earliest.

 

Sino Land executive director Tian Zhaoyuan said that the launch of Crispus III is the original price of the launch, with 200 days to pay the minimum price of $ 15,348.

 

In addition, the developer partners auction Centaline Mortgage to launch a high rebate low-interest mortgage concessions, the number of up to 90%, the mortgage interest rate for the whole period as low as H plus 1.3%, the ceiling as low as P minus 2.5% (P is 5.875%), that is, the ceiling interest rate is as low as 3.625%, and cash rebate of up to 3.1%, the period of the longest up to 30 years, and also enjoy a high deposit interest account. Managing Director of Centaline Mortgage, Ms Wong Mei Fung, pointed out that the cash rebate is the highest in the market in 18 years.

 

On the other hand, the remaining 28 duplexes of Yau Tong Sea Friendly Station II were earlier planned to be put up for sale by tender, but the latest offer has been changed to a price list. The chief manager of the sales department of Cheung Kong, Kwok Tze-wai, said that the 28-unit duplexes are expected to open for sale within a week. According to the introduction, the units are all two-room apartments, the area of 501 to 523 square feet.

 Camber Crest III launches 108 units of 2-bedroom for $6.92m entry

The sea-friendly station series accumulated sales of 832 units, attracted about 5.36 billion yuan. Chiu Kwok Hung, executive director of Cheung Kong Holdings, said that he was satisfied with the sales of the sea-friendly station and believed that it could be a reference index for the industry, the current market conditions are weaker than expected, buyers are cautious and careful, so the pricing of properties in remote areas may need to be discounted. He continued, "the ship first unhooked", the second half of the property competition is expected to be fierce, so the Group would rather make a profit to increase the flow of funds.

 

Other developers, Henderson property agency director and general manager of sales (2) Han Jiahui said, Quarry Bay THE HOLBORN yesterday launched 42 units, while arranging the sale of 20 units this Saturday. The units for sale include 1 two-bedroom and 19 one-bedroom units, with an area of 255 to 413 square feet, at a discounted price of $5,765,000 to $11,847,000, or $22,609 to $28,687 per square foot.

 

Separately, the Buildings Department announced yesterday that 13 building plans were approved in June, involving seven residential and commercial developments, one commercial development and five community service developments. Among them, 89-93 Tai Hang Road, Jardine's Lookout, Java, was approved for the construction of five blocks of five-storey residential buildings, with a one-storey basement, with a permissible gross floor area of about 21,000 square feet. At the same time, 20 occupation permits were issued, of which the total floor area of residential units is about 415,100 square feet, involving 876 units, and the non-residential floor area is about 1,655,500 square feet.

 

According to the Buildings Department's latest monthly report, in June, there are 3 projects in Hong Kong, a total of 334 private residential units completed, an increase of 2.88 times compared with May, respectively, Shamshuipo Ying Shore (262 units), Mid-Levels, 21 BORRETT ROAD Phase 2 (66 units), and the Southern District, Stanley Village Road, No. 52-54 (6 units). In the first half of the year, a total of 26 projects involving 7,556 private residential units were completed, accounting for nearly 38 per cent of the annual forecast by the Valuation Office, and a decrease of 37 per cent compared with the same period last year, which is the lowest in the past four years.

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Camber Crest III launches 108 units of 2-bedroom for $6.92m entry
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