5/12/2017-8

Letter and Kwun Tong City Center large projects pre-sale

As developers continue pushing the pace, the Lands Department announced last month that four new flats were being applied for sale of flats, involving a total of 1583 flats. Among them, the redevelopment project at Kwun Tong Town Center, The new land under the Yuen Long PARK YOHO 2C period, but also into the paper to apply for pre-sale consents.

Information from the Lands Department shows that a total of 4 units were newly applied for pre-sale in the previous month, involving a total of 1,583 units. Most of them are the redevelopment projects in Kwun Tong which are most notable for the cooperative development of Sino Land and Sino Land. The first phase of the project Paper application for pre-sale, involving 1024 units, is expected to be in March 2021 occupation. The developer said earlier that the plate is expected to be put on sale in the second half of the year. The redevelopment project will be divided into two phases and four multi-storey residential units will be built, with a total of about 2,000 partners.

In addition, Xindi’s Jintian North PARK YOHO 2C of Yuen Long has also entered the paper for pre-sale consents, providing 538 sets and is expected to be completed by the end of 2018.

Last month, three approved pre-sale

Among the newly-applied pre-sale projects last month, there were also two low-density residential properties, including the Henderson Village in Henderson, which is scheduled to be completed by September 2018 and the No. 3 Feiaoshan Road project under its overseas subsidiary, with 5 Man, is expected to be completed in October next year. At present, a total of 20 new trades are for sale. This involves 9243 trades, up about 1.6% from the 9093 tragedies of the previous month.

In addition, 3 lots were approved for pre-sale consents in the past month, involving a total of 1433 units. Apart from the newly-launched Xindi Nanchangchang Huaxi II, there are also some developments in the area such as Sham Shui Po Hai Tan Street proud Kay, with 87 units, is expected to be completed in March 2019, and the developers also held a press conference today to announce the latest deployment of the project. A project for the development of Wing Tai Kau for the Kau for example, with 158 units, is expected to be completed next September.

Associate Principal Analyst Lau Ka Fai pointed out that as the approved flats rose for 2 months, the first 11 months of this year totaled 16,000. At present, it is second only to the 1.7 million units last year and the steady growth rate of 13 times. It is expected to surpass the level of last year this year and further move towards the record of 13-year high.