Johns China's Ap Lei Chau single block building string bank yesterday announced its first price list of 50 units, the average discounted price of $26,862 per square foot, close to the neighboring Yat Nam second-hand price of $27,274 per square foot, 205 square feet open discounted admission of $5.319 million.
The assistant general manager of the real estate department of Johns China, Chen Qingguang, described it as the first batch of opening prices to the market price, selling prices refer to the same district properties, the project began to receive tickets today.
Chen Qingguang pointed out that the first price list of Stringshore covers 13 open and 37 one-bedroom, practical area 205 to 317 square feet, price list pricing 6.331 million to 10.421 million yuan, less 120 days cash payment of up to 16% discount, discounted price 5.319 million to 8.754 million yuan, discounted square foot price 25,945 to 27,790 yuan, the first units priced at a market value of more than 4.2 The first units are priced at a market value of over $420 million.
In addition to the 120-day cash payment plan (up to 16% discount), the developer also offers a construction period payment (up to 12% discount) and a construction period standby mortgage payment plan (up to 10% discount), the developer also offers buyers to pay ad valorem stamp duty on behalf of the maximum transaction amount of 3%, and the construction period standby mortgage payment plan for a maximum of 80% of the property price, the maximum loan period of 25 years, the first two years of mortgage interest P-1% (now P 5.75%), the third year for P, followed by P + 1%.
For the same period, a number of new developments on Hong Kong Island is also fast opening prices for sale, he said that the string bank only 105, do not worry about other new developments on Hong Kong Island competition, all because there has been no new developments on Hong Kong Island for a long time, multi-disc push, the market atmosphere is more lively, the main source of project customers to play young customers and investors.
Chen Qingguang believes that the market has digested the interest rate increase factor, next year there is an opportunity to reduce interest rates, property prices are expected to rise 5% to 10%.
Midland property residential department chief executive officer (Hong Kong and Macao) said Bu Shao Ming, string coast for the Hong Kong Island district this year the first brand-new plate, the project is adjacent to the MTR Lee Tung station, three stations directly to Admiralty, and is close to the market price opening, the project to provide fine units mainly, expected to be by the car and branch families, as well as office workers and other people, but also will attract a lot of investment customers, it is estimated that about half of the clientele for long-term investment customers, if the property is completed If the property is completed, the rent can be $60 to $65 per square foot, with a rental return of about 3%.
Centaline Property Asia Pacific vice chairman and president of the residential department, said Chen Yongjie, the first batch of 50-unit price single average square foot price close to the second-hand price of the string bank to sell, I believe that the acceptance is not bad. District support is becoming more and more days, become a new young community, the rental market is guaranteed, expected to rent up to 50 yuan. At present, the market is dominated by the fresh market, the first-hand market is dominated by less than 10 million yuan, the project is expected to start selling the first units can be sold out.
Chen Yongjie predicted that if the United States to suspend interest rate hikes once, and the Hong Kong government to speed up the implementation of the first mortgage measures, the news of clarity will help the property market to turn live, is expected to reach 1,200 first-hand cases this month.
