Sino Land, K. Wah, China Merchants Land Partnership MTR co-development of Tseung Kwan O Sunrise LOHAS Park III for the past few days to collect more than 1,550 votes, Sino Land executive director Tian Zhaoyuan said, the implementation of the first round of the sale of 138 units on Saturday, with 200 days of the Talent Payment Plan, the discounted average square foot price of $ 16,308, discounted price of 5,767,000 to 12,283,000 yuan.

The property will be closed this Friday. More than 80 per cent of the units for sale are 2-bedroom units, while the lowest priced unit is Unit C, 10th Floor, Block 3A, 1-bedroom, with an area of 340 sq.ft. at a discounted price of RMB 5,767,100 and a discounted sq.ft. price of RMB 16,962. China Merchants Land Executive Director and General Manager Huang Jingyuan said that 70 per cent of the ticket holders are interested in subscribing to the two-room units.

On the other hand, CKI's Yau Tong Sea Friendly Station II launched the last 32 units yesterday, which are 28 duplexes and 4 high-rise units, and 35 units (including 3 tarting units) are scheduled to be launched on this Saturday, and started to collect the tickets at 4:00pm yesterday, and will be closed on this Friday.

The above 28 duplexes are all 2-bedroom units with sizes ranging from 501 to 523 sq ft. The discounted price is $7.98 million, $8.28 million, $8.58 million and $8.98 million respectively after deducting the maximum discount of 18%, the discounted price ranges from $15,616 to $17,573 per sq ft, and the buyers will enjoy the right of priority for the car parking space.

As for the 4-unit high-rise featured units, the entry unit is Unit L, 33/F, Block 2A, with area of 258 sq.ft. and 228 sq.ft. rooftop, the discounted price is about $4,530,500, the discounted price of feet is $17,560. Besides, 3 units of tart booking are offered at original price.

Other developers, Henderson's Kai Tak HENLEY PARK which is now in its current building, launched 78 units yesterday, with sizes ranging from 250 to 609 sq.ft. at an average discounted price of $27,738. At the same time arrange to sell 18 units this Saturday, area 389 to 609 square feet, including 8 units of one-bedroom and 10 units of two-bedroom units, discounted price from $20,397, the entrance price of $7,934,000 onwards.

Tseung Kwan O Estate of Kowloon Development Company will also put on sale 12 units of 2-bedroom with storage room on Saturday, with the price starting from $6,912,000 and the feet price starting from $16,150 according to the brand new special discount.

On the other hand, Jones Lang LaSalle's "Hong Kong Residential Sales Market Overview" released yesterday pointed out that the annual sales rate of completed new flats ranges from 76% to 86% between 2018 and 2021.

Last year, the number of new flats completed reached 21,200 units, coupled with the sales situation affected by the epidemic and the economic downturn, the sales rate of completed projects fell to 67%.

In the first half of this year, only 7,600 units of residential units were completed, but the sales rate continued to fall to 55 per cent despite the control of the epidemic and favourable factors for the resumption of customs clearance.

Jones Lang LaSalle project strategy and consultancy department senior director Li Yuanfeng said, small and medium-sized new disc opening price to have a large discount, in order to attract buyers, Cheung Kong Yau Tong "sea-friendly station II" is a case in point, it is expected that in the second half of the year will be followed by some developers to reduce prices, but at the same time, some developers tend to slow down the pace of the launch of the market.