Henderson Land's new property, Hiu Pak Fung, on Sai Yeung Choi Street North, Sham Shui Po, the project's prospectus will be uploaded soon and the first price list is expected to be announced tomorrow.
According to Lam Tat-man, general manager of Henderson's property agency sales department, ticket collection will begin this weekend and show flats will be opened for public viewing.
The strength of Hiu Pak Fung lies in its location's "15-minute living circle", with the MTR's Prince Edward, Sham Shui Po and Shek Kip Mei stations within a nine-minute walk, providing residents with a convenient transport network.
Meanwhile, Lok Fung Group's commercial and residential project at Sai Yee Street, Mongkok, which is located about 15 minutes' walk from Hiu Pak Fung, will undergo a naming ceremony today and offer over 50 residential units. These two projects are likely to go on sale at the same time, demonstrating the vibrancy of Hong Kong's property market.
On the other hand, the K. Wah International-led Kai Tak Bay Phase 1 at Shing Fung Road in Kai Tak, Kowloon East, started its first round of sales last Saturday, with dozens of groups of prospective buyers visiting the show flats every day, and 30 to 40 per cent of the visitors using Putonghua to communicate.
In order to attract more buyers, they have launched a gift voucher offer of Home Appliances Decoration and Design Kit for specific groups of home buyers. From today until the end of November, as long as the buyers come to Hong Kong through one of the seven Talent Importation Schemes and purchase a 2-bedroom with storage or 3-bedroom flat through Centaline Property, each of them will be entitled to a $20,000 gift voucher for the kit. This offer is limited to five places and has a total value of about $100,000
Another project that has attracted a lot of attention is Skytree in the runway area, which is led by Henderson Land. After nearly three months, the project is back on sale, with yesterday's transaction of Flat A on the 10th floor of Block 2, with a usable area of 1,173 sq ft, for $38,612,000, or an average price of $32,917 per sq ft.
Changshi's Yau Tong new development, Sea Friendly Station I, also recorded a transaction, with the unit sold being Unit B on the 22nd floor of Block 1, with a usable area of 729 sq ft, at a price of $13,533,000, or an average price of $18,564 per sq ft.
It should be noted that expatriate couples purchasing the unit are required to pay 15 per cent of the property price as Buyer's Stamp Duty (BSD) and New Residential Stamp Duty (NRSD). On the other hand, Minmetals Land's Azure East Coast has recently recorded 4 cases of tarting up the deposit. One of the cases is Unit B on 27/F of Block 5, which was originally priced at $11.98 million, however, the buyer tarted up and withdrew from the sale yesterday, and is expected to lose 5 per cent of the deposit, which is about $599,000.
