According to the information, the last flattest new property in the urban area is a single-block property in Tai Kok Tsui developed by the Group and the URA. The first batch of 50 units was launched in May last year at an average discounted price of $18,858 per square foot.

The first batch of 50 units was launched in June this year at an average price of $19,493 per square foot.

The first batch of units at Lien Fong I includes 19 units of open-plan (including 10 units of STUDIO PLUS), 23 units of 1-bedroom and 8 units of 2-bedroom, with saleable area ranging from 232 to 401 square feet, at a discounted price of $4.16 million to $7.82 million and a discounted price of $17,454 to $20,868 per square foot after a maximum 16% discount.

The entry unit is the 5th floor A, 232 sq ft saleable area, open partition, discounted price of $4.16 million if buyers choose 120 days immediate payment.

The most affordable unit is Room B on the 5th floor with 401 sq. ft. of saleable area and 2 rooms, discounted at $6,999,000 and priced at $17,454 per square foot.

The larger open-plan "STUDIO PLUS", the most affordable unit is room E on the 5th floor, with a saleable area of 290 square feet, discounted at $4,928,000 and priced at $18,526 per square foot.

As for the one-bedroom units, the entrance unit is Room C on the 5th floor with a saleable area of 290 square feet at a discounted price of $5,258,000 per square foot and a price of $18,131 per square foot.

Vanke Hong Kong Executive Director and Deputy General Manager Mr. Chow Ming Hei said that all the units in the first batch of Lien Fong I are available at a discounted price of $8 million, with 42 units below $6 million, which is a certain discount to the market price referred to by the Group.

The show flats of the project will be open to the public on the same day, and tickets will be collected this weekend, with the target to start selling in the first half of this month.

As for the impact of the interest rate hike on the property market, Chow Ming Hei believes that the rate of interest rate hike in Hong Kong is not as high as the United States, I believe that only the psychological impact is greater than the actual, and the epidemic in Hong Kong is almost over, if China and Hong Kong can realize the customs clearance, the economy will return to normal, the property market will also recover.

As for the recent launch of a number of new properties, he believes that each product has its own unique characteristics, different regions, a variety of flowers is also good.