Sources said that as of around 4:30pm yesterday, the number of tickets collected for the development has exceeded 30,000 and recorded a minimum of around 30,600 tickets, surpassing the third round of sales in June 2021, which collected around 30,500 tickets, and Park Avenue III atop Tai Wai Station in Shatin, which is jointly developed by New World and MTR, to become the king of tickets for the new development with the highest number of tickets collected in Hong Kong's history.
If the first round of sales is taken into account, the number of votes received by Oceanside Station II has already surpassed that of Hao King Bay Phase 1 in Tsing Yi, which received about 30,400 votes in 1997, and it is the new property with the highest number of votes received in the first round of sales in Hong Kong since the opening of Hong Kong. Taking the first round of Ocean-Friendly Station II as an example, 626 people were oversubscribed by about 47.9 times. Calculated at $50,000 per ticket, the amount of frozen funds is over $1.5 billion.
Centaline Property is offering a special offer to buyers of this property. From now until 31st of this month, the first 3 buyers of the first 3 bedrooms of Ocean Station II through the bank will be entitled to receive a $15,000 cruise holiday voucher, with a total value of about $45,000. Mr Chan Wing-kit, Vice Chairman of Asia Pacific and President of Residential Division of Centaline Property, said that Oceanaire Station provides different home purchase concessions and flexible payment plans for professionals from all walks of life, which is very popular among buyers.
In fact, the HKMA's relaxation of the loan-to-value ratio for owner-occupied residential properties below $30 million early last month has successfully kick-started the property exchange chain, attracting exchangers to buy larger properties. For long term investment rent collectors, the emergence of tenants in the market has supported rents to a certain extent, and it is believed that the potential for rent collection is favourable.
In addition, BAKER CIRCLE-GREENWICH in Hung Hom, developed by Henderson, has achieved satisfactory results in the first round of sales, and a new round of sales will be launched immediately after. Midland Realty takes advantage of the situation to launch a brand new home purchase offer. From now until 31 August 2023, the first 5 buyers who purchase a 1-bedroom flat of the project through Midland Realty will be entitled to a cash coupon of $88,800 in total value for purchasing home furnishings, with a quota of 5 on a first-come-first-served basis.
The Chief Executive Officer (Hong Kong and Macau) of the Residential Department of Midland Realty, Mr. Bo Shao Ming, pointed out that the market has a strong acceptance of new developments in Kowloon. According to Midland Realty's Real Estate Data and Research Centre's consolidated information on the "Primary Residential Properties for Sale", the number of new property transactions in Hong Kong in the first seven months of this year recorded about 6,843 transactions, an increase of 20.5% compared to 5,678 transactions in the same period of 2022; during the period, the first seven months of this year saw the first seven months of this year's new property transaction volume in Kowloon (including Tseung Kwan O and Sai Kung). During the period, Kowloon District (including Tseung Kwan O and Sai Kung Districts) recorded 2,919 new property transactions in the first seven months of this year, representing a year-on-year increase of 24.1 per cent and outperforming the market.
Bo Shao Ming said, BAKER CIRCLE-GREENWICH open square and practical, the project is expected to foot rent in the future up to about 60 to 65 yuan level, rental return rate of about 4%, so the project has a high proportion of investors; coupled with the attractiveness of the project threshold for entry, by a lot of New Territories customers want to move into the urban areas to support, at the same time, by the 90, 00 after the young customers sought after.
Recently, a number of new disc debut, and with low prices, stimulate buyers to enter the market desire to heat up, he looked at this month's first-hand transaction volume compared with the previous month rose significantly, is expected to reach more than 1,000 level. Part of the purchasing power gradually returned to the second-hand market, driving the second-hand transactions this month rebounded to about 2,700 levels.
