Hung Hom Baker Place. The first price list of Welcome Club discounted to an average sq ft price of $21,238

The first price list of Hung Hom Bega Place - The Gateway, a subsidiary of Henderson Land (00012), was discounted at $21,238 per square foot. The first price list was announced on Thursday (3), offering 56 units at a discounted average price of HK$21,238 per square foot, which is about 11% lower than the first batch of the series launched in June this year at a discounted average price of 23,888 per square foot. The admission fee for the open-plan units launched this time is HK$4,588,200.

Henderson Property Agency Sales (I) Department General Manager Lam Tat Man said that the last phase of the project and the current phase of the project have their own conditions, pricing without deliberate reference, and described this time the price list is "worry-free price", according to the market to determine the selling price. Do not rule out the possibility of subsequent price increases.

As for HSBC's announcement on Thursday (3) to raise the Hong Kong dollar prime rate to 5.375%, Lin believes that the interest rate is still low and the psychological factor of the rate increase to buyers is greater than the actual impact, some buyers have already calculated the factor of interest rate increase.

Lam pointed out that the first batch of units include 10 open-plan units, 34 one-bedroom units, 10 two-bedroom units and 2 three-bedroom units, with saleable areas ranging from 222 to 514 square feet.

The prices, after deducting the maximum 10% discount, range from $4,588,200 to $11,255,400, with a discounted price per square foot from $20,263 to $22,510.

Based on the fixed price, the market value of the first batch of units is approximately $380 million. A second mortgage payment plan will also be offered. The project will be open to the public tomorrow for show flats, there is a chance to collect tickets on Saturday, the earliest sale will start in a month.

University Hill in Pak Shek Kok, Tai Po

Phase 2A of Sun Hung Kai Properties (00016)'s Silicon Hill development in Pak Shek Kok, Tai Po, was officially named University Hill on Thursday (3) and is targeted for sale in late November or early December.

According to the Deputy Managing Director of SHKP, the sales of the first phase of Silicon Hill launched earlier were satisfactory.

The University Hill, which is now being launched, is close to the Science Park, Chinese University and Chinese University Hospital, as well as the MTR Pak Shek Kok Station, which is officially scheduled to be built, so I believe the project has unlimited advantages and a bright future.

The project is currently in the process of printing the sales brochure and the show flats are also being built in time.

According to SHKP's Acting General Manager, Mr. Hu Zhiyuan, University Hill is located in the middle of the project and consists of 5 residential towers of 11 to 12 storeys, offering 607 units.

The unit types range from open plan to 3-bedroom, with more than half of the standard units being 2-bedroom, and pricing will be based on Phase 1 of the project and other projects in the market.

 Silversands in Ma On Shan sells 2 linked units for $55.77 million

Silversands in Ma On Shan, a subsidiary of Sino Land (00083), recorded two consecutive transactions of linked units on Thursday (3), realizing $55.778 million in a single day.

The above-mentioned transactions include Room A on the 6th floor of Block 2, with a saleable area of 1,111 square feet and a four-bedroom apartment with a workplace partition, which was sold for $25.822 million at a price of about $23,242 per square foot.

At the same time, the adjacent room B on the 6th floor of Block 2, with a saleable area of 1,249 square feet, is a four-bedroom two-set with workplace partition, and was sold for $29,956,000 with a price of $23,983 per square foot.

According to market estimation, the above transaction is "one customer, two food", both units were purchased by the same group of buyers. It is reported that the project has sold 118 units so far, with over $1.3 billion in cash.

Discovery Bay Villa sold for $54 million

According to the transaction record book, Discovery Bay Summit, a subsidiary of HKR International (00480), recently sold its house No. 12 with 2,171 square feet of saleable area, four bedrooms with family room partition, 3,298 square feet of garden and 850 square feet of rooftop for $54 million, at a price of about $24,873 per square foot. Information shows that the buyer will receive a free used golf cart assigned by the developer.

The property has sold 6 houses since 2020, with a total transaction amount of over $341 million.