Supply in the first-hand market is sufficient, with several new projects launching in September.
Parc City receiving 7,000 subscriptions for last 432 units
The most signed-up new project since 1997 – Parc City in Tsuen Wan rolled out the last batch of units yesterday. Chinachem launched the sixth price list of the project comprising 100 units, with a discounted price of HK$15,826 per square foot. The sixth price list includes 15 one-bedroom, 65 two-bedroom and 20 three-bedroom flats. The company would put the last 432 units for sale this Saturday. Sources said it has received about 7,000 subscriptions – 15 times more than the number of available units.
The Amused launched the last 68 flats
Emperor International launched the last 68 units from its Cheung Sha Wan new project The Amused. The average discounted price is HK$17,100 per square foot. Sources said the company has received about 200 subscriptions. Donald Cheung Ping-keung, executive director of Emperor International said the company would announce the sales arrangement of the project shortly, and might launch the sale soonest this weekend.
COO Residence rolling out small homes in Tuen Mun
Couture Homes Properties, a subsidiary of CSI Properties, yesterday launched its latest residential project, COO Residence in Tuen Mun, with units ranging from 217-square-foot studios to 372-square-foot two bedroom units. COO Residence will provide 204 flats in a 23-storey building. Construction is expected to be completed in September 2019. Meanwhile, Cheung Kong Property is waiting for the consent for pre-sale of its Central new project – My Central. It provides 185 units and the developer hoped to launch it soonest in September.