The first set of the disk is ruthless
450 units of the “Hong Kong People First Home" pilot project (hereinafter referred to as the First Place) project of the Hong Kong Ma Tau Wai Road / Chun Tin Street, the Urban Renewal Authority (“URA") will soon be on display. It is understood that The URA is inclined to set a price of 60% off the market price. It is expected to announce the details of the selling price and sales arrangements on the 31st of this month. It will accept applications in January next year and pick up the building before the middle of next year.
450 people will debut every 13,000
At the junction of Ma Tau Wai Road and He Yuen Street, the URA will provide 493 flats. The URA will use 450 of them for the first time. It will become the first first flat in Hong Kong. The area is about 260 to 507 square feet.
According to the news, the URA is inclined to set a price of 60% off the market price. The discounted price of each party is expected to be about 13,000 to 14,000 yuan. It is expected to announce details such as price list, application qualification and sales arrangement on the 31st of this month. The URA will also arrange demonstration units for applicants to visit. Based on this calculation, the unit price of the project is about 3.38 million to 7.1 million yuan. However, sources stressed that pricing and other items are still subject to approval by the Transportation and Housing Bureau, so the actual amount may vary.
The URA has already passed the application for the first placement in July this year. Applicants must have lived in Hong Kong for 7 years and have never owned a residential property in Hong Kong. The income limit for two or more families is $57,001 to $74,100. The asset limit is $2.55 million. One-person applicants must have a monthly income of $28,501 to $37050 and an asset ceiling of $1.28 million.
A spokesman for the URA said that details of the pricing and discount rates of the “Hong Kong First Time Home" pilot project at Ma Tau Wai Road and Chun Tin Street should be submitted to the Government for approval. No information is available at this stage.