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ONE SOHO to Launch Specialist Mortgage Programme
Sep 5, 2023
ONE SOHO to Launch Specialist Mortgage Programme Hong Kong
By   Wen Wei Po 
  • City News
  • Hong Kong New Homes
  • ONE SOHO
  • Hong Kong Property
Abstract: Sino Land, in partnership with Johns Hopkins and the URA, has just started the delivery of ONE SOHO in Mongkok in August.

Sino Land Executive Director Tian Zhaoyuan said, the disc cumulative sales of 191 units, cash 1.36 billion yuan, the average transaction price of 23,800 yuan, the earliest announced the price list of the remaining units in the middle of this month, and plans to launch a specialists mortgage and open the existing floor of the one-bedroom units with decoration demonstration units, the current units for sale to one-bedroom units are mainly, but also a small number of two-bedroom units.


Tian Zhaoyuan continued to say, ONE SOHO since the beginning of August to start handing over, there are more than 100 people have been completed repossession, and said that ONE SOHO leasing market is quite active, the highest foot rent of the rental transaction from the middle floor of the A room, the usable area of 285 square feet, a room apart, the monthly rent of 18,000 yuan, foot rent of more than 63 yuan. The monthly rent is $18,000, with a foot rent of over $63. Based on the owner's purchase price of $7.18 million, the property can enjoy a 3% rental return.

ONE SOHO to Launch Specialist Mortgage Programme

Ms Anna Chiang, General Manager of Brand and Design Department of Sino Land, said that Sino Group has cooperated with Mosi Mosi Institute of No Matter What, a social enterprise that actively promotes the concept of inclusion, to design a coffee gift box, complete with ear coffee and exquisite coffee cups, to be given to the owners of ONE SOHO as a move-in gift.


On the other hand, Henderson Land cooperated with URA to develop Cheung Sha Wan Ying Chik and launched 17 units yesterday, which are located on the 5th and 6th floors, with sizes ranging from 323 to 512 sq ft, covering 1-bedroom to 3-bedroom units, and this batch of units does not offer any discounts, with an average sq ft price of $17,470, and a selling price ranging from $5,389,600 to $9,261,100, and sq ft price ranging from $16,575 to $18,088. The average price of the flats was $17,470. It is learnt that these flats are mainly for subscription by affected redevelopment tenants, and only 90-day payment method is available.


In terms of new property transactions, No. 21 in Sha Tin Mingri - Kau To Shan, a subsidiary of Cheung Kong Holdings, which was tarted up in the middle of last month, was re-sold yesterday at $20.38 million, which is $3.825 million lower than the transaction price in April 2021 (a decrease of 15.8%).


The house has a usable area of 891 sq ft, with 265 sq ft of garden, and 376 sq ft of rooftop, and was given the right to subscribe to a car parking space, this time the transaction price of $20,380,000, the foot price of $22,873, the buyer this time to use the 180-day closing period. Sales Manager Mr James Hoon Wing said, since the open house period, more than 50 groups of prospective buyers to visit the site, but the sale of this tender to attract a total of five groups of guests into the bidding subscription.

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ONE SOHO to Launch Specialist Mortgage Programme
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