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The Uppland pulls in huge crowds


Crowds of excited homebuyers flocked to see show flats for The Uppland, the first phase of Gold Coast Bay in Tuen Mun, when they were unveiled yesterday.

Developer Early Light International said over 1,500 visitors - mainly young people and families - had visited the flats as of 7pm yesterday.

The first price list for 139 flats was released earlier this week, with an average price of HK$9,988 per square foot after discounts, the lowest in eight years in the Tuen Mun district, with the cheapest flat costing HK$1.84 million after discounts.

The 139 flats comprise 72 studios, 58 one-bedroom, and 9 two-bedroom flats, with sizes ranging from 206 to 444 sq ft. After discounts of as much as 12 percent, this batch costs between HK$1.84 million and HK$4.37 million, or from HK$8,908 to HK$11,889 per sq ft.

Early Light said the company made this pricing decision mainly due to market sentiment while believing the entire project would be able to profit in the end.

The first batch of The Uppland is priced at levels last seen eight to 10 years ago in the region.

The average price of less than HK$10,000 per sq ft after discounts is close to that of the Ori in Tuen Mun launched in 2016, while the cheapest flat is only higher than that of Mont Vert's phase 2 in Tai Po unveiled in 2014.

Located on Castle Peak Road-Castle Peak Bay area, Gold Coast Bay is the first local residential project of Early Light, founded by "King of Toys" Francis Choi Chee-ming.

It offers 1,323 flats in total, of which the first phase, The Uppland, provides 692 flats in two blocks, varying from studios to three-bedroom ones. Among them, 623 are standard flats and 69 are special units.

Early Light expects construction to be completed by November next year.

(The Standard)

 

Prices for Kai Tak flats hiked

The developers of phase 1 of The Pavilia Forest at the old Kai Tak airport runway has unveiled its third price list which offer 60 flats at an average of HK$18,469 per square foot after discounts, a hike of 5 percent compared to the previous list.

The latest list includes five one-bedroom, 48 two-bedroom, and seven three-bedroom flats with prices ranging from HK$4.16 million to HK$11.22 million, or HK$16,135 to HK$20,610 per sq ft, after discounts.

The project, developed by New World Development (0017) and Far East Consortium International (0035), will see the first round of sale of 198 flats on the various price lists this Saturday, with three special units to be sold by tender the same day.

Over 3,700 checks were received as of yesterday, making the flats on offer 18 times oversubscribed.

Meanwhile, K&K Property, the developer of SkyeHi in Tuen Mun, updated the price lists for the project yesterday to offer the remaining 33 flats and slashing prices by 45 percent.

In other property news, a real estate consultant said the Hong Kong government should set up a task force to assess the risks of the property market as the number of negative equity cases may exceed 100,000 should property prices fall by 10 percent this year.

The number of residential mortgages in negative equity - in which the loan is bigger than the value of the home - increased to 32,073 in March, according to earlier data from the Hong Kong Monetary Authority.

An agent said the increase in negative equity cases has caused banks to adopt a conservative attitude towards mortgage lending, making it more difficult for first-time buyers to obtain mortgage loans.

(The Standard)

 

銅鑼灣甲廈 港島壹號中心平頂

銅鑼灣前怡東酒店正重建新甲級商廈,命名為港島壹號中心,昨日舉行平頂儀式。文華東方酒店透露,新建成商廈將由置地負責管理,並在明年第二季開業。

港島壹號中心由文華東方酒店發展,屬於一幢多用途商廈,樓高24層,包括50萬平方呎的甲級寫字樓,另設5.5萬平方呎的5層零售空間,當中包括天台酒吧和餐廳,展示廳將在8月開放參觀。

文華東方酒店集團行政總裁Laurent Kleitman指,重建計劃以可持續發展為核心,展現了集團對香港的承諾和信心。

另外,中環甲級商廈皇后大道中9號接連有單位放售,高層單位意向價1.85億元,呎價2.37萬元,業主可售後租回為期1年。

(經濟日報)

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灣仔中望商業中心意向價9400

政府重啟投資移民計劃,有望帶動寫字樓租賃,有本港代理行代理表示,灣仔謝斐道414至424號中望商業中心低層單位放租售,建築總面積約1792方呎,意向價約1684萬,折合每方呎約9400元,意向月租4萬,平均每方呎約22.3元。陳氏表示,是次單位間隔四正,可外望部分維港景及城市景,單位原由業主自用,現時放租售。

德豐工中每呎3468元放售

有外資代理行代理表示,荃灣德士古道166至176號德豐工業中心1座單位,建築面積1009方呎,業主於2018年1月該單位,現時意向價約350萬,平均呎價約3468元,市場呎租13元,該單位寫字樓裝修,樓底高11呎5吋,3相大電,內置洗手間及冷氣。

(星島日報)

更多中望商業中心寫字樓出售樓盤資訊請參閱:中望商業中心寫字樓出售

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