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Hong Shui Qiao Wui Du I feet price 13,700 square meters 11% of the neighboring plate
Jul 7, 2023
Hong Shui Qiao Wui Du I feet price 13,700 square meters 11% of the neighboring plate Hong Kong
By   Wen Wei Po 
  • City News
  • New properties
  • real estate
  • house prices
Abstract: The Federal Reserve may continue to raise interest rates, Hong Kong developers to maintain restraint in opening prices.

Benefiting from the concept of "northern metropolitan area", the first price list of 125 units of Hung Shui Kiu Wui Du I, which is a property of Pan Ocean International for about two years, was announced yesterday at an average discounted price of $13,747 per square foot, which is 11% lower than the first discounted average price of $15,503 per square foot in October 2021 in the same area of Cheung Sha Wan #LYOS, with a discounted price of $4,409,200 for 326 square feet of one bedroom.

 

Pan Ocean International executive director Guan Baolin described the first price list of Huidu I as "northern metropolitan area" sticker price, pricing reference to the same district new property prices, project location and surrounding traffic support, etc., and pointed out that Huidu is currently the largest project in Hung Shui Kiu District, providing 1,025 residents, I believe that now is the time to launch, stressed that the group has no pressure to launch. The project will start collecting tickets and opening demonstration units to the public today.

 

The first price list of Huidu I covers 26 one-bedroom units, 96 two-bedroom units, 2 three-bedroom units and 1 rooftop unit, with an area of 326 square feet to 498 square feet, less the maximum discount of 14%, at a discounted price of $4,409,200 to $7,059,700, with a discounted average price of $13,747 per square foot. Among them, the discounted price of all one-bedroom units is less than $5 million.

 

The project offers 4 payment methods, including 120-day cash payment (14% discount), 180-day cash payment (13% discount), flexible construction period payment (10% down payment, 10% discount, 1% to 5% rebate for early payment) and easy home ownership construction period payment (10% down payment, 5% of which is paid in 5 installments of 1% each within 360 days after signing the lease, 8% discount, 8% rebate for early payment). Another 1% to 5% rebate will be offered for early payment).

 

Midland Realty Residential Division Chief Executive Officer (Hong Kong and Macau) Bu Shao Ming said that the government expects to build the area of Hung Shui Kiu as the core business district of the New Territories North, Wui Du I adjacent to the Hung Shui Kiu Light Rail station, the first price list to attract prices, coupled with the small and medium-sized units mainly, I believe it can attract many users and long-term investors favor, the proportion of investment customers is expected to reach 40%.

 Hong Shui Qiao Wui Du I feet price 13,700 square meters 11% of the neighboring plate

Centaline Property Asia Pacific Vice Chairman and President of the Residential Department, Mr. Chan Wing Kit, said that Hung Shui Kiu is sitting on the development potential of "North Metro", and Wui Du I "eats the right" North Metro plate big sale airflow, the first batch of square foot price is lower than the nearby first-hand plate about 10%, coupled with the lack of one-bedroom options for the neighboring new developments, I believe the project will be sought after by the market.

 

On the other hand, Kerry Development director and general manager of Hong Kong, Mr. Tang Yaozong said that the group in partnership with Sino Land, Swire Properties and MTR to develop the Wong Chuk Hang Station, Hong Kong Island South Coast Sea Ying Shan Phase 4A since the first price list announced on Tuesday, the exhibition hall recorded more than 3,000 visitors in the past few days, of which about 60% to 70% of the source of customers from Hong Kong Island, the inquiry household type is mainly two and three bedrooms.

 

The property will be available for registration from tomorrow, and additional units will be launched depending on the receipt of votes, with a chance of opening for sale next week.

 

Kerry Property Agency Sales and Marketing Planning Director Lo Wing Chun said that the sea Ying Shan Clubhouse Clue Cascade to the theme of flowing water architecture, outdoor gardens and play areas and clubhouse with a total area of more than 40,000 square feet, providing 27 facilities.

 

In Kowloon, Henderson Property Agency Sales (I) Department General Manager Lam Tat Man said, Kai Tak HENLEY PARK earlier pushing 82 units, so far accumulated 7,594 votes, over-registered 91 times, is actively considering an additional push, the earliest today announced the next round of sales arrangements.

 

In terms of first-hand transactions, EIGHT STAR STREET in Wanchai, a subsidiary of Swire Properties, sold Room B on the 11th floor for $16.92 million, with an area of 437 square feet and a price of $38,718 per square foot. Yu Yi-Tian Hai, a joint venture between Chinachem and MTRC, sold Unit A on 19th Floor, Tower 2B for $29,937,600, with an area of 957 sq ft and a price of $31,283 per square foot.

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Hong Shui Qiao Wui Du I feet price 13,700 square meters 11% of the neighboring plate
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