The local social movement has cooled slightly in recent days, and developers have accelerated their deployment
Kwong Wah International (00173) developed the Kowloon East Kai Tak King Fung, which is expected to open the demonstration unit and announce the price list next week, which will be available for sale as early as the beginning of December.
Kwong Wah International Business and Market Planning Director (Hong Kong Real Estate) Wen Weiming [picture] said that the project has eight “boxes” of 2 or less rooms
The pricing will refer to the second-hand residential transactions in Kowloon East and new flats in the district. Some units are sold. The price is less than 10 million yuan.
Fastest sale in early December
Wen Weiming pointed out that the pace of pushing the market in response to traffic problems earlier, but it has recently returned to normal, the opening of the Jiafenghui demonstration unit next week, and reserved a week to collect tickets, the project is expected to start selling in early December.
He said that despite the recent social movements, living and working in peace is the primary goal of Hong Kong people. The first-hand housing has a daily turnover, which proves that Hong Kong’s property market has strong demand for rigidity and confidence in sales.
Wen Weiming believes that the government’s relaxation of the mortgage insurance property price ceiling will facilitate the injection of funds into the property market, and the project will also have a unit price of less than 10 million yuan. Some buyers are expected to benefit from the new policy.
Jiafenghui is located at No. 9 Mutai Street, providing 1006 people and a practical area of 287 to 3268 square meters. The project has 4 groups of first-class houses in the district, with a usable area of 3215 and 3268 square meters. The estimated date of occupation is November 2021. 30th.