Cheung Kong real estate under the floor period of about 26 months of the Yau Tong pro-sea station II yesterday announced the first price list a total of 132 units, discounted average price of $ 14,997, not only than the same area of the first-hand disc transaction price of 25% lower than that of Henderson real estate under the BAKER CIRCLE-GREENWICH in Hung Hom, the first two price list of the discounted average price of $ 18,900 20% lower, and for the last seven years, the most! Flat feet price urban new discs, even close to the New Territories new discs feet price, 210 square feet open discounted 2.9 million yuan admission, but also in the past four years, Kowloon new discs new low price. The property will start to collect tickets and open the demonstration units to the public tomorrow.
The chairman of Changshi Group, Li Tzar Kuoi, said in yesterday's interim results analysts meeting, pro sea station II price is indeed attractive, equivalent to seven years ago, urban property prices, so the media described as "bomb" shock, I believe that can drive sales.
He also explained that when the market generally believes that the economy is improving and interest rates are low, property and land prices tend to rise, but now the market believes that the economy is still recovering and interest costs are high, meaning that prices are close to bottoming out. It is also believed that we should buy land or property in the counter-cycle, and the timing is more stable than three years ago, and land prices have fallen to close to the government's cost price, the Group will continue to buy suitable sites in the future, but stressed that it will strictly adhere to the financial discipline.
Chiu Kwok Hung, Executive Director of Cheung Kong Holdings, described the first price list of Pro-Harbour Station II as a "flat price", hoping to help the public to get on the train and change their flats, and believed that people still have the desire to buy a home and want to have their own home. As a developer, we should have a social responsibility to help the public to live in peace and security, so that the public can have more housing choices. He also predicted that the interest rate will soon peak, the second half of the Hong Kong economy is better than the first half of the year, it is expected that property prices will develop steadily throughout the year.
Chan Wing Chee, Sales Manager of Cheung Kong Holdings, said that the first price list of Sea Friendly Station II has 132 units in total, covering 22 open-plan units, 43 one-bedroom units, 52 two-bedroom units and 15 three-bedroom units, deducting the maximum discount of 18% (open-plan to two-bedroom units) or 19% (three-bedroom units), with a discounted price of RMB 2,900,000 to RMB 11,143,000, and a discounted average square foot price of RMB 14,997 per square metre. Among them, the discounted price of all open-plan flats is below $3.2 million.
The developer is also offering three-bedroom buyers a 90% first three-year fixed-rate mortgage with no pressure test, with interest-only repayment for the first three years. For example, for a 718-square-foot flat on the 9th floor of Block 2A, the discounted price is $10.37043 million, and the loan amount for the first three-year 90% first mortgage is about $9.333 million, with a fixed interest rate of 1% for the first year at a monthly repayment of only $7,778.
At present, the transaction price of the first-hand property in the same district, such as Azure East Coast, has exceeded $20,000, and the transaction price of Longemont has exceeded $19,000, while the second-hand property price in the same district is also about $16,500 to $17,500. According to the information, the project was developed by Cheung Kong 4 years ago by combining two industrial sites at No. 5 and No. 8 Tung Yuen Street, with a premium of $2.2 billion for "industrial-to-housing" development, with a per-square-foot land price of $5,283, and a cost of about $12,000 per square foot together with the construction and interest costs.
Centaline Property Asia Pacific Vice Chairman and President of the residential department Chen Yongjie pointed out that the project's first batch of units discounted entry price of only 2.9 million yuan, a new low for the past four years in Kowloon, but also compared to the urban area of Kowloon, the new second-hand housing estates have a discount of 25%, the opening price is very competitive, and will surely freeze the second-hand market in Kowloon and the New Territories, and even the HOS customers, the potential to set off a wave of snapping up.
He pointed out that Yau Tong has been transformed from a traditional industrial area into a comprehensive development area, the sea-facing station is located at the waterfront location, a variety of types of units, and developers to provide multiple and flexible home purchase concessions, it is believed that a large number of customers can be attracted to the car to move in. In terms of rent, the average rent of newly developed housing estates in the district is about $50 per square foot, and some open-plan flats are as high as $60 per square foot.
The Chief Executive Officer of Residential Department (Hong Kong and Macau) of Midland Realty, Mr Boo Siu-ming, said that the foot price of Pro-Harbour Station II is nearly 20% lower than that of the new flats in the same district, and it is believed that there will be an enthusiastic response, and it is estimated that the foot rent in the future will be more than $40, and the rate of return is expected to be more than 3%, which is believed to be as high as 40% of the investor proportion, which is higher than that of the general property development.
