New properties selling well
May 22, 2023
New properties selling well Hong Kong
By   Wen Wei Po 
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Abstract: The first day of sales of Chinachem and MTR's IN ONE ABOVE in Ho Man Tin was a hit yesterday, with 48 units sold in two hours, accounting for over 53% of the 90 units offered in the first round.

SHKP's University Hill at Pak Shek Kok, Tai Po, was also well received, with all four rounds of price list units in Phases 2A and 2B sold out four times, and it was announced that Price List No. 3, involving 240 units at a discounted admission price of $3,277,700, will be launched this Wednesday.


Hong Kong Wen Wei Po reporter yesterday at the scene of Yu Yi Tian Hai, a large number of approved buyers have come to the scene to wait in line, the scene is very lively. The buyer, Mr Lam, said he had previously failed to subscribe to IB and IC phases, and this time he spent about $19 million to buy a 2-bedroom flat for investment purposes, thinking that the flat could enjoy the harbour view and was located above the MTR station.


He believes that the outlook for the local property market is positive and has taken into account the interest rate hike in this purchase. Chinachem's Sales Director Helen Fung revealed that 15 units in Group A have been promptly subscribed, with the highest transaction value being for a 3-bedroom, 1-bedroom flat with a storage platform, involving over $31 million.

 New properties selling well

In addition, The Opposite House Phase IC also recorded two more transactions yesterday, selling nine units in a row within 10 days and realising over $154 million. "Phase IC of The Opposite House has sold a total of 176 units, while Phases IB and IC have sold a total of 356 units, representing more than 90% of the available units, for a total of $6.1 billion since the launch of the sale in March this year.


On the other hand, University Hill Phase 2B will soon launch additional units to meet the market demand as there are still a large number of customers from the corner. Speaking at a press conference, SHKP Deputy Managing Director Mr. Lui said that the second round of sale of 205 units in University Hill Phase 2B, of which 185 units have been sold out in the form of price lists, will be put up for sale on Wednesday (24), involving a total of 240 units, of which 222 units will be put up for sale in the form of price lists, covering open-plan to three-bedroom units, with a market value of over $1.7 billion in terms of pricing, and the remaining 18 units will be put up for sale by tender. The remaining 18 units will be put up for sale by tender.


According to SHKP's Acting General Manager, Mr Hu Zhiyuan, the discounted price list for Unit 3 will range from $3,277,700 to $10,296,600 and the price per square foot from $13,024 to $19,932,000. The project closes for registration of interest in acquiring the property today and the ballot will be held tomorrow. It is noted that the sale prices of individual units in price lists No. 1 to No. 3 have been adjusted by 1% to 9%.


According to Centaline Asia Pacific's Vice Chairman and Chief Executive Officer of the Residential Division, the market for new properties in May is significantly better than that of April, and as long as developers remain restrained in their pricing, it is believed that 1,200 first-hand transactions will be recorded this month.

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