NOVO LAND Phase 2B may open for sale next week
Feb 9, 2023
Hong Kong
By   Internet
  • City News
  • New Property
  • Property
  • Hong Kong Property
Abstract: New developments in the year of the rabbit are getting off to a fast start.

SHKP's Acting General Manager, Mr H L Chan, said yesterday that Phase 2B of NOVO LAND in Tuen Mun is expected to go on sale next week, and that he would not rule out an offer next week, and that it would be put up for sale within a month at the earliest.


On the other hand, Johns China's residential project in Ap Lei Chau, named String Bank, is expected to go on sale within a month.


Phase 2B of NOVO LAND offers 729 units, with one- and two-bedroom units accounting for nearly 90% of the units, while the rest are three-bedroom units and specialty units.


The largest tenant is a 3,000-square-foot YATA supermarket, while other tenants are 500 to 800 square feet, with rents ranging from $80 to $120 per square foot.


As for other developers, Johns China has named its single block project in Ap Lei Chau as String Coast. Chuang Ka-bun, chairman of Johns China Investment, said the project would be launched in the first quarter and the price would be based on the first and second-hand prices in the area, with the aim of uploading the sales brochure within a month.


He believes that property prices will rebound in the second half of the year as the epidemic in Hong Kong recedes and the full customs clearance with the Mainland is beneficial to the economy.


String Shore offers 105 units, including 20 open-plan units, 77 one-bedroom units and 8 special units, ranging from 205 to 317 square feet, near the MTR Lee Tung Station, with a key date of September 30 next year.


The end of the development is also being put up for sale at an accelerated pace.


LP10, a joint development between Nan Fung and MTR, has entered the sale of existing flats. The other is a 120-contract payment option with a maximum discount of 18.5%, which is 1% less than the previous price list and a disguised price increase.


Of these units, 38 are standard units, ranging in size from 553 to 1,526 sq ft, at a discounted price of $8.97 million to $29.52 million, or $16,221 to $20,438 per square foot.


The other 16 units are featured units ranging in size from 472 to 1,459 sq ft at a discounted price of $9.15 million to $28.55 million, or $18,536 to $21,379 per square foot.


Henderson Land's General Manager of Agency Sales (II), Mr. Han Jiahui, said that 18 units with 206 to 382 square feet of space at a discounted price of $4,679,100 to $8,880,700, or $22,385 to $26,220 per square foot, were put up for sale on Sunday (12) at Leo Place One Corner in Mongkok.


In addition, Kowloon Development's Hoi Yin Estate in Tseung Kwan O yesterday updated its price list 1G, 2G, 3H, 4F and 5B to include an 80% to 85% first mortgage arrangement, and offered 36 units on Sunday.


In terms of transactions, SHKP's Ho Man Tin Tin Tin Casting sold Unit A on 16/F of Block 1 with an area of 2,019 sq ft for $85.72 million at a price of $42,457 per square foot in a tender yesterday.


As for China Resources Land (Overseas) and Poly Land's Kai Tak Riverview, three three-bedroom units were sold yesterday, namely Unit B on 15/F, Unit B on 22/F and Unit B on 23/F, Block 8, with an area of 1,185 sq ft, 1,187 sq ft and 1,187 sq ft at $41 million, $39.6 million and over $43.29 million at $33,361 to $36,477 per square foot.