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New bulk property offers before interest rate hike
Sep 13, 2023
New bulk property offers before interest rate hike Hong Kong
By   Wen Wei Po
  • City News
  • New Property Offers
  • Hong Kong Housing Market
  • Hong Kong New Homes
Abstract: The two major banks in Hong Kong have raised the cap rate for new H-prime mortgages, and developers have been offering more concessions to speed up the removal of goods.

Fung Hoi Lun, Director of Sales of Chinachem Group, said yesterday that the Group has updated the price list of The Opposite House, Ho Man Tin in co-operation with the MTR Corporation Limited (MTRCL), and added a new "Easy Payment Scheme for the construction of The Opposite House", offering a maximum discount of 14%, which is 2% more than the current maximum discount of 12% for the construction of a standby mortgage, and it will come into effect on this Saturday.


At the same time, from this Saturday to 8 October, purchasers of units in the development will be entitled to complimentary MTR Mall shopping vouchers, ranging from $18,000 to $38,000 in value.


The Opposite House has a cumulative sales of 429 units, accounting for about 80 per cent of the available units, leaving about 81 units available for sale, with an entry price starting from $7,989,100. As for the same system Pokfulam VICTORIA COAST, she said, the deployment of this week uploaded the sales brochure, open the demonstration units to prospective buyers to visit, the opportunity to tender for sale this month.

New bulk property offers before interest rate hike

On the other hand, Cheung Kong's Yau Tong sea-facing station also added new offers to attract customers. Starting from this Saturday, buyers who purchase the flats listed in the price list will be entitled to an $88,000 Fung Chak Electrical Appliances gift voucher. Meanwhile, from this Saturday onwards, each group of guests who visit the show flats on the 2nd floor of Harbour View Shopping Centre will be entitled to a free box of mooncakes.


Cheng Chi-wing, director of investment and sales department of Jian Hao Property, said Kowloon City Observatory will open the demonstration units and announce the price this week at the earliest, and offer a discount of 4.25 per cent of the ad valorem stamp duty ceiling, or 5 per cent of the property price if buyers don't choose the discount. He said the project has received more than 1,000 enquiries from buyers, of which two to three are from the mainland.


Henderson Land's Fanling ONE INNOVALE-Cabanna recently recorded five cases of tart booking, the developer yesterday immediately updated the price list, will be two of the price increase of 2%, among which the 9th floor of Block D, Room 7, with an area of 339 square feet, the price list pricing rose to 5.27 million yuan; Block E, 15th floor, Room 5, with an area of 186 square feet, the price list pricing increased to 3.124 million yuan. The property will be launched on Saturday, including 5 units, including the above 2 tartare units.

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New bulk property offers before interest rate hike
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