According to Lefung Group's founder and chairman, Chau Pei Yin, the total investment for the Elize Park project exceeds 600 million Hong Kong dollars, and the sales process is expected to commence by the end of November. Chau Pei Yin stated that the pricing for Elize Park will reference high-quality properties in the district and will be adjusted flexibly based on market demand.
Sun Wai Yu, the sales and marketing director of Lefung Group, revealed that among the 52 residential units at Elize Park, there are 15 one-bedroom units, 28 two-bedroom units, and 9 special units, with sizes ranging from 240 to 245 square feet, 325 to 345 square feet, and 220 to 440 square feet, respectively. Elize Park is expected to be completed by the end of June 2024, with an expected pre-sale period of approximately 8 months.
Chau Pei Yin believes that with the government's "cooling measures" policy and the clarification of interest rates, the property market has shown signs of a turning point, and he anticipates that the prices in the market will stabilize this year.
Meanwhile, the first phase of YOHO WEST, a property development project by Sun Hung Kai Properties at the Tin Shui Wai Light Rail Tuen Mun Station, has gained significant attention in the market. The sales preparation for the project is progressing smoothly, with plans to upload the sales brochure before the 20th of this month, along with the opening of show flats and the announcement of prices within the month.
The project features resident lifts directly connected to the Tin Tung Road Tuen Mun public transportation interchange via a pedestrian bridge.
In addition, the first phase of the Kai Tak Ching Fai Road Kai Tak Bay development, led by Kerry Properties, started its first round of sales last Saturday.
Meridian Properties is offering property incentives for the project, where, from now until the end of November, the first three clients who purchase units through Meridian Properties and refer new buyers to purchase units in the development will receive home appliance vouchers worth a total of 60,000 Hong Kong dollars.
