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Happy Valley Homes Hit New Low: Jardine's Lookout Sees Steep Price Drop to $4.15M Per Sq. Ft - News Directory 3

Happy Valley Homes Hit New Low: Jardine’s Lookout Sees Steep Price Drop to $4.15M Per Sq. Ft

September 20, 2024 Catherine Williams News
News Context
At a glance
  • The supply of new projects in Happy Valley has been limited in recent years, with a relatively small scale.
  • The average price of the first batch of new projects in the area is less than NT$20,000.
  • The first batch of 50 units in the project includes 18 one-bedroom units, 11 two-bedroom units, and 21 three-bedroom units, with a usable area of 231 to 559...
Original source: news.mingpao.com

ONE JARDINE’S LOOKOUT: A New Project in Happy Valley with Competitive Pricing

Overview of the Project

The supply of new projects in Happy Valley has been limited in recent years, with a relatively small scale. ONE JARDINE’S LOOKOUT is a new project that has been launched for sale in the area, offering a range of units with competitive pricing.

Comparison with THE ASTER

The average price of the first batch of new projects in the area is less than NT$20,000. In comparison, THE ASTER, which was launched in the same area, had an average price of about NT$28,000 per square foot. ONE JARDINE’S LOOKOUT offers a significant discount, with an average price of about 36% lower than THE ASTER.

Project Details

The first batch of 50 units in the project includes 18 one-bedroom units, 11 two-bedroom units, and 21 three-bedroom units, with a usable area of 231 to 559 square feet. There are 3 payment methods available, including an “increase” price payment plan, and the closing period is 110 days. Buyers can enjoy a maximum discount of 10%, with a discounted price of approximately 4.15 million to approximately 10.72 million yuan, and a discounted price of 15,888 yuan to 20,650 yuan per square foot.

Unit Details

The admission unit is Room E on the 2nd floor, with a usable area of 231 square feet and one bedroom. The discounted price is NT$4.15 million and the discounted price per square foot is NT$18,000. However, it should be noted that the view of the unit is to the east and towards Pushan Street. The main view is the building.

Key Dates and Project Features

The key date for ONE JARDINE’S LOOKOUT is expected to be the end of December this year. The pre-construction period is only about 3 months. It was approved for pre-sale in May this year. The project provides 123 units, ranging from open to 4-bedroom units. A small number of special units are also provided. Three-bedroom households are the main focus, accounting for 36 units or nearly 30% of the total.

Unit Layout and Design

According to the building brochure, the units are mainly facing Pushan Street to the east and Dehong Street to the west. The units have a usable area of 147 to 1175 square feet. The smallest unit is Room A on the 1st floor, which is an open-plan apartment with a usable area of 147 square feet, connected to a 147-square-foot terrace. The terraces attached to multiple special units on the same floor are in the shape of a trapezoid or a triangle to accommodate the triangular site design of the project.

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