A joint venture between Chinachem Group and the MTR Corporation, Yu Yi Phase 1A "Yu Yi Tian Hai" at Ho Man Tin Station, announced today (November 11) the first price list for 90 units at an average discounted rate of $26,718 per foot and discounted admission starting from $7,989,200 per room.
Chinachem Group sales director Helen Feng described, the first for the "final rise ONE price", this weekend open demonstration units and tickets, the fastest next Saturday to open for sale, also does not rule out in the first round of sales, in the form of tender launched three room units.
The first batch of 90 units will provide one-room to three-room intervals with a practical area of 364 to 960 sq ft; Among them, one house accounted for 23 groups with discounted prices all less than 10 million yuan, while two houses accounted for 49 groups and three houses accounted for 18 groups. The units are priced at $9.399,000 to $34.336 million and feet at $25,821 to $36,596.
Three payment options are available, including up to 15% discount for 120 days at discounted prices of $7,989,200 to $29.185,600 and discounted rates of $21,948 to $31,107 per foot. At discounted prices, the total value of the units is over $1.3 billion.
The lowest selling price and foot rate is Unit 1B, Flat E, 2 / F. It is a 364 square foot unit with a discounted price of $7,989,100 and a foot rate of $21,948.
The lowest two-room unit per foot is Flat E on 2 floors, 469 square feet with a discounted price of $10,060,700 and $22,731 per foot. The lowest foot rate is Unit 2B, Room A, 2nd floor, 957 square feet. The discounted price is $23,929,200 and the foot price is $25,004.
A total of 844 lots of YU will be sold in three phases: 1A, 1B and 1C. The first batch of 50 units for Phase 1B was launched in March this year with a discounted average foot price of $24,838 and a one-room entrance fee of $7.86 million. The unit is a one-room unit of 336 square feet. In phase 1C, the first batch of 80 units were released in the same month, with an average discounted rate of 25,935 yuan for feet. In this period, not a single unit was offered. The discounted admission fee for two-room units was 12,160,100 yuan and the discounted rate for feet was 26,151 yuan.
Yu Yi is the first luxury housing project built on the MTR in Ho Man Tin District. The market response has been enthusiastic. So far, a total of 347 units have been sold, cashing out more than $5.9 billion.
Centaline Property Asia Pacific vice chairman and president of the housing division of Chan Yongjie pointed out that the project is the same as the first phase of the "advertising price" to start, "big discount" to increase the attractiveness of the first units, developers clear goals, to a Q clearance, I believe that can undertake the last phase of the potential to continue to sell hot, expected the first units can open a Q clearance.
Since the bank of Hong Kong followed the US interest rate hike, the market reaction has been mixed. Fortunately, it is generally believed that the peak is not far away. Moreover, the bank of Hong Kong has increased modestly, and a good look into the future market still takes the majority. We believe that both small and large units can also record the desired sales.
