The first batch of 40 units of the Italian tender
A number of new discs have appeared one after another. Hong Kong Industrial (00480)’s Lantau Discovery Bay residential project, Yidi, announced yesterday that it has launched the first batch of 40 units to be tendered on the 17th of this month. The finest unit has a usable area of 350 square feet. The developer also launched a review-free mortgage scheme with a maximum of 80% of the property price.
Exemption from reviewing mortgages
Chen Xiuzhen, Assistant General Manager of Hong Kong Industrial Sales and Marketing, said that the units that were launched by Yidi were open to 4 rooms, with a saleable area of 350 to 1844 square meters, mainly distributed in 6 and 8 blocks. The tender period was from the 17th of this month. April 30th.
She believes that the sale by tender is more flexible and convenient for buyers. It has not yet decided whether the remaining units will be sold as price lists in the future. She said that the units launched in the batch did not have an intentional price. However, based on the fact that most of the flats have sea views and the geographical location is convenient, they will refer to the price of the sea view units on Hong Kong Island and Kowloon.
The developer has introduced a number of financial arrangements. Regardless of the use of pay-as-you-go or construction-period purchasers, as long as the mortgage does not exceed the mortgage rate limit, the developer can apply to the financial institution designated for reviewing the free mortgage plan. The property price is 80%. The interest rate for the first two years is the best lending rate (P = 5.125%) minus 2.5%, followed by P; the second can be used up to 30% of the property price, the interest rate is P minus 2.2% for the first two years, followed by P . If the buyer chooses the construction period payment plan and pays it within 120 days after signing the temporary sale and purchase agreement, he can enjoy up to 3% cash rebate.
Yidi is located at No. 3, Discovery Bay, and has a total of 196 gangs with a usable area of 344 to 1844. It is expected to enter the country by the end of June 2020.