At a press conference yesterday, SHKP's Deputy Managing Director, Mr Lui Ting, said that since the first price list for Phase 2B was released, the response was very positive, so the original price was increased and the average price per square foot was $16,168. The first round of sales will be held this weekend.
According to SHKP's Acting General Manager, Mr Hu Zhiyuan, Price List No. 2 involves 115 units with saleable area ranging from 218 sq ft to 546 sq ft, covering 13 open-plan, 9 one-bedroom, 90 two-bedroom and 3 three-bedroom units, at a discounted price of $3,325,500 to $8,923,900, with the price of a square foot ranging from $13,155 to $19,117. The market value of the entire price list is said to be over $840 million.
Cheung Kong's Mingri-Kau Toi Shan in Shatin has been approved for paper. The project is about to enter the delivery process, said Cheung Kong's Sales Manager, Mr James Hoon Wing. The project's price list was changed yesterday, with the removal of the Prestige Building Term Payment Plan and Perfect 10 Payment Plan, and the replacement with a 30-day Ready Payment Plan only, with buyers enjoying a 6% discount.
Some of the discounts on the price list have also been reduced, including the car park subscription offer, the Smart New Home offer and the furniture voucher offer, and the maximum discount will be reduced from 14.25% to 10.25%, representing a 4% increase in price. The 29 units will be offered on a first-come, first-served basis on Thursday.
In addition, the first weekend after the Fed's mild interest rate hike saw a stalemate in secondary trading. According to the four major agents, only two to five secondary transactions were recorded in the top 10 blue-chip estates over the weekend (6 and 7), a record low in recent months, and the market is expected to remain quiet in the short term.
Midland recorded a total of about 5 transactions over the weekend, down 64.3% year-on-year and a 44-week low since early July last year. Ricacorp recorded only four transactions over the weekend, a 56% drop from the previous weekend and a 44-week low since the beginning of July last year, while all six estates held their eggs.
According to Centaline Asia Pacific Vice Chairman and Chief Executive Officer of the Residential Division, Chan Wing-kit, the sudden change in weather on Sunday also affected the property viewing atmosphere in many districts, especially on Hong Kong Island where the three major blue-chip estates did not record any sales transactions over the weekend, making trading quiet.
Centaline's top 10 estates recorded only two transactions over the weekend, a 44-week low, with only Whampoa Garden and Caribbean Garden recording one transaction each. In addition, HK Land's top 10 estates recorded 4 cases, down by half week-on-week, with only 3 of them recording transactions.
