In the second half of the year, developers obviously adopt the strategy of "seeking quantity" to sell properties. The low price of Yau Tong Sea Friendly Station stimulated the first-hand transaction volume to exceed 1,000 units in August, and due to the strong receipt of more than 30,000 votes from this property, there are many customers from the corner, and other new developments take advantage of the situation to increase the promotion to grab customers, and individual price reduction of more than 20%.
The last weekend of August (26th), the new property war is heating up again, there will be 5 properties on sale, involving 223 units, accounting for more than 70% of the two-bedroom.
Tseung Kwan O LOHAS Park III, jointly developed by Sino Land (083), K. Wah International (173), China Merchants Land (978) and MTR Corporation (0066), will launch an additional 108 units to meet the market demand on Monday, and the first round of sales will start on Saturday to launch a total of 138 units.
Executive Director of Sino Land, Mr Tin Siu-yuen, said that the response to Crispus III has been overwhelming. As of 8:00pm today, more than 1,550 votes have been collected, which is over-subscribed by 10 times based on the total of 138 units offered in the first round of sale.
Among the votes received, about 70% of the prospective buyers are interested in buying the 2-room flats, and 75% of the votes come from Tseung Kwan O area if the calculation is based on the area.
Crispus III has already launched two price lists with a total of 238 units, of which 138 units will be launched in the first round of sales, with saleable area ranging from 340 to 719 square feet, including 17 1-bedroom, 113 2-bedroom and 8 3-bedroom units. The entry unit is Unit C on the 10th floor of Block 3A, with an area of 340 sq ft and a 1-room partition, with a discounted selling price of $5,767,100 and a price of $16,962 per sq ft.
Kowloon Development (034) in the same district, the existing project of Villa Pinada, also reduced prices by more than 20% to attract customers, yesterday launched 12 additional 2-bedroom units with storage room for sale on Saturday, with an area of 428 sq ft, discounted price of $6,912,000, sq ft price of $16,150. Among the 2-room units of Crispus III on sale on the same day, the admission fee is even lower, the cheapest is Unit E on 10th floor of Block 3B, with an area of 452 sq ft, discounted price of $6,856,000, and sq ft price at $15,168.
Cheung Kong (1113) sold 832 units in two phases of the Yau Tong Sea Friendly Station Series, realising more than $5.36 billion in cash. Executive Director of Cheung Kong Holdings, Mr Chiu Kwok Hung, said that he was satisfied with the sales situation of the project in the past two weeks. As there will be more than 10,000 units launched in the market this year, the group chose to "sell them quickly and in a good way", and said that it was "a ship competing for the release of cables", and preferred to sell the properties at a profit to speed up the flow of capital.
Therefore, the last 35 units of Oceanside Station II were finalised for sale on Saturday, including 28 units of low-rise duplex units, which were offered at a "one-bite" price of $7.98 million. In addition, 3 units of the project will be put on sale on Saturday at the original price.
HENLEY PARK at Kai Tak of Henderson Land (012) also joined the battle. Henderson property agency sales (a) department general manager Lam Tat Man said, yesterday launched 78 additional units, discounted average square foot price of $ 27,738, of which 18 units will be put on sale on Saturday, the saleable area of 389 to 609 square feet, including 8 1-bedroom with cloakroom, and 10 2-bedroom with cloakroom and workspace units, the lowest per square foot and the price of sale for the 18th floor of Block 1B and 19th floor H, the saleable area of 389 square feet, belong to the 1-bedroom with cloakroom partition, the lowest per square foot and sale price for the 1B Block 18th floor and 19th floor H, the sale of 389 square feet, belong to the 1-bedroom with cloakroom partition. The lowest price per square foot and sale price was for Unit H on 18/F and 19/F of Block 1B, with a saleable area of 389 square feet, which is a 1-bedroom unit with a cloakroom and a workspace.
In addition, Henderson's The Holborn in Quarry Bay, the same system of the sale of 20 units on the same day, 1 room admission fee of about 5.42 million.
