The direct market is quiet, and some new properties in urban areas are adopting low price strategies to attract buyers. Yau Tong Long Yu, jointly developed by Poly Real Estate (119) and Shangjia Holdings, released its first price list, consisting of 128 units. Based on the 180-day cash payment plan with a maximum discount of 15%, the reduced average price per square foot is 17,938 yuan, the highest in Kowloon in the past two years The flattest new property in the urban area. The discounted price per unit ranges from 4,139,500 to 13,386,800 yuan, and the discounted price per square foot ranges from 15,860 to 19,484 yuan. Some agents even described it as “Kowloon New Territories fare”.
Zhu Meiyi, Director of Sales and Marketing Department of Poly Real Estate (Hong Kong), said that the first batch of units from Langyu has been launched at a “cooling-level World Cup entry price”, hoping to make it easy for buyers settle. in. The salable area of the first batch of units ranges from 261 to 730 square feet, ranging from open plan to three bedroom units. The unit with the lowest price per square foot and selling price is Suite B on 6th floor of Block 1, with a salable area of 261 square feet and open plan. The display unit of this project has been opened to the public for viewing and ticket collection, and many potential buyers visited the sales office in the last two days.
Compared to the opening of new projects in the same area, it was more than 10% lower
According to the data, the new project with the lowest discounted price per square foot in Kowloon is the Blue East Coast in the same area The first batch of 138 units was launched in November 2020, with an average discounted price per square foot of 17,688 yuan; and the new project with the lowest price per square foot, which belongs to The Campton in Cheung Sha Wan The first batch of 94 units will be released in mid-May 2020, with discounted prices starting at HK$14,288 per square feet.
Zhu Meiyi said that the pricing of the first batch of Langyu has already referred to the price of new projects in Kowloon East. Refer to the recent new projects launched in this area, including the first launch of 100 units in Kowloon Bay Bright Sun in December last year, with a reduced average price per square foot of 21,548 yuan. Lantian KOKO HILLS launched 83 units for the first time in July 2020, with a reduced average price per square meter.
Expected to attract “second white” buyers
Chen Yongjie, Vice Chairman of Centaline Property Asia Pacific and President of the Residential Department, said that the attractive price offered by the developer is believed to have been adjusted in response to recent market conditions There is about a 15% discount compared to second-hand properties in the same area, which can be described as “Kowloon New Territories prices”. Considering the transport costs, the sale price is similar to the price of new projects in the New Territories. He went on to say that “Ail Tŷ Gwyn” buyers have been looking for properties recently, which has led to small and medium sized properties being discussed, and the number of property inspections in different areas has rebounded.
The original article was published on AM730 https://www.am730.com.hk/Real Estate/The first batch of Langyu price starts from 10,000 per square foot-Agent-Kowloon New Tirritories Price/349949?utm_source=yahorss&utm_medium= referral
