In the face of Hong Kong's interest rate continues to rise, the new property opening price is lower than a wave.

Henderson Land's building period of about 20 months of Hung Hom Baker Creek BAKER CIRCLE Phase 3 BAKER CIRCLE-GREENWICH yesterday announced the first price list of 56 units, covering open-plan to two-bedroom households, the discounted average square foot price of $18,928, compared to the same series of the first phase of the first 68 units of the first BAKER CIRCLE-DOVER in June last year, the discounted average price of $23,888 flat. 23,888 20.8%, also close to the second hand price in the same district, 215 sq.ft. open plan discounted entry price of $3,678,300, is the lowest entry price in the series, and is also the new low entry price of new property in urban area in two years, 24 of them discounted price is less than $5million. The property will be collected from tomorrow, and will be launched for sale next week at the earliest.

Henderson property agency sales (a) department general manager Lam Tat-man described, BAKER CIRCLE-GREENWICH first price list price is super discount price, compared to the project phase two BAKER CIRCLE-EUSTON sold units of the average transaction foot price is about 5% lower, hope to deliberately attract market attention. He believes that the worst news in the property market has come to an end and it is now a good time for buyers to take advantage of the low level to enter the market. The market is about to peak, and with the continuous recovery of Hong Kong's tourism and retail industries, which will lead to an upturn in the economy, the demand for the property market will also pick up.

BAKER CIRCLE-GREENWICH total 278 units, the first price list of 56 units, covering open-plan to two-bedroom households, with a usable area of 215 to 490 sq. ft. less 100 days cash payment maximum discount of 10%, discounted average foot price of $18,928, discounted price of 3,678,300 yuan to $9,054,900 yuan, discounted foot price of $17,108 to $20,379, of which 24 units discounted foot price of $18,928, discounted foot price of $3,678,300 to $9,054,900 yuan. 379, of which 24 units were sold at discounted price below $5 million.

In addition to the 100-day cash payment plan, the developer also provides a number of low down payment and high percentage mortgage payment plans, including 100-day preferential second mortgage payment plan, which can enjoy a 9% discount, the developer's finance company to provide a maximum of 40% of the property price of the second mortgage (one plus two mortgages can not exceed 90%), the buyer in the signing of the Provisional Agreement for Sale and Purchase of the 100 days after the drawdown of the interest accrued from the date of payment by instalments, which do not exceed The second mortgage loan of 10% of the property price will be entitled to a "repayment holiday" (i.e. no repayment and no interest) for the first 12 months from the date of drawdown; Flexible Building Installment Payment Plan (FBIP) with a discount of 3.5% and an initial instalment of 5%, and the balance of 87% of the property price will be paid at the time of occupation, with each of the 16 instalments to be paid within 480 days after signing the PASP at 0.5% of the property price.

In fact, due to the large-scale development of Hung Hom BAKER CIRCLE, a total of 8 phases to provide 2,800 units, and the first two phases of a total of 604 units, since June last year to date, about 336 units sold, in order to speed up the speed of goods, but also encountered the pressure of rising interest rates, the developer naturally want to split the price of the property for sale. Centaline real estate Asia Pacific vice chairman and president of the residential department Chen Yongjie said, BAKER CIRCLE-GREENWICH first price list discounted average foot price of about 18,928 yuan, not only compared with the same series of projects launched in November last year, the second phase of the first batch of discounted average foot price of less than 10%, but also with the same area of the up-and-coming second-hand housing estates have a discount of 5% to 8%, I believe that the first batch of pricing has already been taken into account in interest rate hikes, the current phase of the admission fee It is believed that the first batch of pricing has taken into account the factor of interest rate hike, and the entrance fee of this phase is lower than $4 million, which is the lowest among the three phases, and it is expected that it can snatch away the source of second-hand customers and even HOS customers.

Midland Realty Residential Department Operations Director Zhang Zicun said, BAKER CIRCLE-GREENWICH is located in Hung Hom Station, Ho Man Tin Station and Whampoa Station Centre, convenient transport network, coupled with the low threshold for entry into the project, is expected to attract inside and outside the region users and investors to support the scene, the estimated project in the future foot rent of up to about $ 65 level, the rate of return is expected to be about 3.8 per cent.

On the other hand, the long real sales department chief manager GuoZiWei said, the Yau Tong sea-friendly station II iron scheduled next week to open price, the first batch will be launched 132 units, will include two-bedroom even open kitchen household, and sea-friendly station I will be immediately after the sale, is expected to sea-friendly station I will be uploaded in this week on the sale of the book.

Guo Ziwei pointed out that the Federal Reserve Board raised interest rates by 0.25%, Hong Kong's major banks also followed the prime rate hike of 0.125%, although the statement after the meeting did not make it clear whether to continue to raise interest rates in the future, but the overall interest rate hike has been the top of the interest rate market clarity, I believe that in the short term the volume of transactions may not be a sharp increase in the future transaction will be a significant rise of more than 20%.

Star Property Chairman and Chief Executive Officer Chan Man Fai believes that the U.S. Federal Reserve interest rate hike has been close to the end, now is the best time to buy a home, the group's Yuen Long after the rain is expected to be approved in the short term satisfied with the paper, is preparing for the opening of the current building next month, and arrangements for delivery in September. The disc cumulative sale of 166 units, cash nearly 1 billion yuan, the average transaction foot price of about $ 15,000.