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12 Oct 2016: Property News Roundup: Alto Residences' Unit Price Tops in Tseung Kwan O, Tin Shui Wai's Parking Space Surged Over HK$1M

Hong Kong Property | October 12, 2016

Alto Residences’ Unit Price Tops in Tseung Kwan O
Empire Group Holdings and Lai Sun Development launched the first batch of 131 units of their joint venture projects Alto Residences in Tseung Kwan O. The average discounted price is HK$12,894 per square feet, making it the highest among recent new projects in the district.


Tin Shui Wai’s Parking Space Surged Over HK$1M
Tin Shui Wai’s Vianni Cove recorded a transaction of parking space in HK$1.08 million, breaking the record of parking lot in Kingswood Villas in the district. Monthly rent of Vianni Cove’s parking space is over HK$3,000, thus the rental yield is about 3.3%.


Standard Chartered May Join The Mortgage War
Rumours said Standard Chartered Bank (HK) is lowering its mortgage rate to H+1.38%, yet the bank has not responded to it. On the other hand, mReferral announced the number of mortgage for completed houses in September is 5,988, in which HSBC ranked the top with 23.8% of market share. Bank of China (HK), Hang Seng Bank and Standard Chartered followed with 18.4%, 14.5% and 9% respectively. Mortgage for unfinished houses recorded a 85% surge to 535 last month.


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