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48 additional units launched After The Rain
48 additional units launched After The Rain 香港
By   Centaline Property
  • 城市報
  • Neighbourhood
  • Hong Kong housing market
  • property transactions
Abstract: Since the announcement of its first price list last week, Star Property's new Yuen Long property, Rainy Day, has received an overwhelming response from the market.

A total of 48 units have just been added to the price list No. 2 at an average price of $15,572 per square foot, which is the original price. It is understood that the property has received about 600 votes for the time being and is over-subscribed by more than 4 times based on the first two price lists of 116 units.

 

The first price list was launched last Tuesday, involving 68 units, mainly on the lower floors of the 5th to 8th floors, at an average price of $14,491 per square foot, with a discounted admission price starting at $3,958,700. The new batch of 48 units, however, are mainly mid-rise units on the 11th to 20th floors with better views, so the developer said it is an increase in the original price.

 

The No. 2 price list includes 3 open-plan units, 21 one-bedroom units, 18 two-bedroom (open kitchen) units, 3 two-bedroom units with study (open kitchen), and 3 three-bedroom units with storage (separate kitchen), with saleable areas ranging from 276 to 717 square feet.

 

 The sale will commence during the week at a discounted price of $4,163,700 to $12,011,600 after a maximum discount of 6%, at a discounted price of $14,074 to $17,129 per square foot, with 20 units at a discounted price of less than $6 million and 45 units at a discounted price of less than $10 million, accounting for over 93% of the total.

 

The entry unit is Room H on the 11th floor, with a saleable area of 276 square feet and open partition, at a discounted price of $4,163,700 and $15,086 per square foot.

 

Located at 21 Wang Yip Street West, Yuen Long, near the MTR Long Ping Station, Rain Queen offers 335 units with open-plan to 3-bedroom units, mainly 1-bedroom and 2-bedroom units, attracting the younger generation.

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48 additional units launched After The Rain
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