SHKP's Phase 2B of NOVO LAND in Tuen Mun has been on sale for two days in a row, and yesterday announced the launch of another price list No. 3, involving 103 units with a saleable area of 306 to 449 square feet, at an entry price starting from $4,294,200.
A total of 352 units will be offered in the three price lists at an average price of $13,616 per square foot, with a total market value of over $2.5 billion.
Mr Lui, Deputy Managing Director of SHKP, said the response on the first Saturday after the price opening was overwhelming and there was a steady flow of visitors, adding that both promotions were at the original price and were "excellent value for money".
He said Hong Kong has now fully resumed customs clearance, the economy is gradually recovering, the property market is hot, the SAR government data and the Centaline Index have risen, reflecting the market's confidence in the future market; last year's transactions were mainly for just-needed properties, but early this year the number of luxury residential transactions rose, the market of high-priced residential units is improving, also reflects the market's positive performance.
Thunder continued, the price list of the additional 3, 1 bedroom units accounted for 34 units, 2 bedroom units 69 units, discounted prices from $4,294,200 to $6,291,700, discounted square footage from $13,174 to $14,530.
Over 5,000 votes have been received and sales arrangements will be implemented as soon as possible. The Group is actively planning to launch University Hill at Pak Shek Kok and Tin Wing Station in Tin Shui Wai in the next two quarters.
The relaxation of the stamp duty on first home purchases has also accelerated the dispersal of other new developments. The majority of owners benefited from the new stamp duty policy, with a total of 71 units sold so far in February, generating a total of over $410 million.
According to statistics, the market has recorded a total of about 37 final sales of new properties in the past two days.
On the other hand, the secondary market continued to thrive despite the first-hand focus on new properties. According to the four major agents, the first Saturday after the Budget (25-26 February), the top 10 estates recorded 15 to 25 transactions respectively, a steady increase week-on-week.
Midland's Chief Executive Officer (Hong Kong and Macau), Mr Bo Siu Ming, said the secondary property market has not been distracted by new developments, but more buyers are taking advantage of the fact that property prices have not returned to their peak and are entering the market to seize the last opportunity to "fix the flat", with a steady stream of transactions in many districts. The bank's top 10 estates recorded 25 transactions this past Saturday, up nearly 70% week-on-week.
Centaline Asia Pacific Vice Chairman and Chief Executive Officer of the Residential Division, Mr Chan Wing-kit, said the Budget's "small reduction" in stamp duty for first-time buyers has revived buyers' interest in home ownership, and the first batch of new flats in the urban area were sold out on the same day last Friday, leading to a revival in secondary transactions. The bank's top 10 estates recorded 24 transactions this past Saturday, a 60% year-on-year rebound.
In addition, Ricacorp recorded a total of 15 second-hand transactions in the top 10 estates this past Saturday, reaching double digits for the 10th consecutive week. Hongkong Land's top 10 estates recorded a total of 16 transactions on both days, up 33% week-on-week and reaching double-digit levels for the fourth consecutive week.
