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Thousand hopes to increase home purchase concessions
Aug 25, 2023
Thousand hopes to increase home purchase concessions Hong Kong
By   Wen Wei Po 
  • City News
  • Home Buying Offers
  • Hong Kong New Homes
  • Hong Kong Property
Abstract: Developers to speed up the clearance of goods, have cut prices or add preferential payment to attract customers.

There is a risk of default in the real estate enterprise Sino-Ocean Group's Mongkok has been the current floor of the Thousand Hope revised price lists to add 90 days and 150 days of cash payment plans and additional concessions, individual unit discounts of up to 24%, compared with the highest discount of 14.5% in early July in disguise, and also provide 2% or 4% of the "cash rebate in advance of the transaction; and at the same time, the launch of additional 10 units of special features, the highest discount of 20%, and 21 units will be put on sale on Sunday, including 11 units of standard units and 10 units of special features. At the same time, 10 special units will be launched with maximum discount of 20%, and 21 units will be put on sale on Sunday, including 11 standard units and 10 special units, with open-plan and one-bedroom apartments, with the discounted entry price of $4,336,000, and the discounted price of square feet from $20,190 onwards.

 

However, the smallest unit on the 3rd floor, Room C with podium, with a usable area of 151 sq ft and an open layout, is still priced at nearly $30,000 per square foot after discount.

 

Sino-Ocean Group sales and marketing director Zhang Shiyun said that 62 units of Thousand Hope were sold for more than 355 million yuan, with an average transaction price of nearly 24,000 yuan. The project has completed the handover procedure, the Group decided to launch a new payment method, especially 90 days and 150 days cash payment plan and other additional concessions, according to different types of units, discounts and concessions up to 20% to 24%.

 

The project is also launching 10 units with podium or rooftop at discounted price of $4,423,200 to $8,660,000, among which the entry unit is Room C on the 3rd floor, with a usable area of 151 sq.ft. and an open-plan unit with a podium of 96 sq.ft. Priced at $5,529,000, the unit is priced at $4,423,200 after deducting a maximum discount of 20% and the discounted price is $29,293 per sq.ft.

 

On the other hand, The Aster in Happy Valley, a subsidiary of Kerry Properties, launched 20 units yesterday, including 14 units of 2-bedroom flats and 6 units of 2-bedroom 1-suite flats, priced at $18,183,000 to $24,179,000, with saleable area at $29,140 to $35,850, discounted price of $16,238,000 to $21,692,000, discounted price of $262,000, discounted price of $262,000, discounted price of $262,000, discounted price of $262,000, discounted price of $262,000, discounted price of $4,432,000, discounted price of $29,293, discounted price of $4,432,000. The discounted property price ranges from $26,074 to $32,123.

 Thousand hopes to increase home purchase concessions

Kerry Development director and general manager of Hong Kong, Mr Tong Yiu-chung, said The Aster has launched a new 180-day standby one-mortgage payment plan that allows buyers to take on mortgages of up to 80 per cent of the property's value, a new payment in lieu of stamp duty offer, and a $100,000 furniture package in partnership with Indigo Living. He pointed out that The Aster has sold 41 units, more than half of which were sold with leases, and together with the car park sales, the total cash generated was over $800 million. The most expensive unit sold was Unit C on 29th floor at $34,543.

 

Ho Man Tin Aoco, privately owned by former chairman of Goldin Financial, Mr Poon Sutong, who was taken over earlier, launched 15 units last night, which will be put up for tender next week, including 2 blocks of flats A and B and 6 blocks of flats A, C and D, with a saleable area ranging from 878 sq ft to 1,425 sq ft.

 

In addition, Sino Land, K. Wah, China Merchants Land partnership with MTR, LOHAS Park Crest III response was enthusiastic, as of 8:00 pm yesterday, the project accumulated more than 2,000 votes, based on the first round of sale of 138 units, oversubscription of nearly 13.5 times.

 

Harbour Gateway has sold 213 units this year.

 

Shun Lee, Wheelock Properties, K. Wah and Java co-operation of the South West Kowloon Harbour Road has been the current building, Shun Lee executive director Tian Zhaoyuan said, the project this year, cumulative sales of 213 units, cash 4.8 billion yuan, of which 75% of the buyers are mainland professionals, the cumulative total of 1,026 units sold, accounting for 85% of the units available for sale, the cash of close to 16.8 billion yuan, this month, recorded the same group of buyers at a cost of 96 million yuan to purchase the 8th floor of Block 1, Phase 2 This month, the same group of buyers spent $96 million to buy the sea view flat of Block 1, 8th floor of Phase 2, with usable area of 1,536 sq ft and 1,432 sq ft respectively, both are 4-bedroom, 2-bedroom and multi-purpose room, the price is $33,268 and $31,355 per sq ft respectively. Currently, Harbourfront Land Phases 2 and 3 have commenced the handover process and over 600 units have been repossessed.

 

Mr Wong Kwong Yiu, Vice Chairman and Managing Director of Wheelock Properties, said the project has recorded a total of 100 rental transactions since its handover in May this year, with the most expensive rent close to $70 per square foot.

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