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3/29 News Roundup: Henderson to Launch Double Cove Summit Last 28 Units, Citibank Expects Further Home Curbs

  • By
  • Asif Ghafoor
  • March 29, 2017

Henderson to Launch Double Cove Summit Last 28 Units
Henderson Property has received Certificate of Compliance for its Ma On Shan project Double Cove Summit and will upload sales brochure and price list of the last tower (Tower 15) from the project this week. Henderson’s Sales (1) Department General Manager Thomas Lam said the price will remain at HK$15,000 to HK$16,000 per square foot as the previous towers and might price up if the sales is good. The project has so far sold 3,330 units, grossing about HK$30 billion. Meanwhile, Lam said the company would launch two projects in North Point and Sai Wan from its H Collection series in the coming quarter, providing a total of 1,200 units.

Cullinan West to Roll Out 138 Extra Flats
Sun Hung Kai Properties launched an additional 138 flats at Cullinan West, its project atop Nam Cheong MTR station. Listed prices are between HK$6.78 million and HK$73.1 million. The average discounted price per saleable square foot is HK$25,009. Those flats will be going on sale among a total of 246 homes on Saturday.

Citibank Expects Further Home Curbs
A report by Citibank claims the government could roll out a new round of cooling measures to tame the overheated property market as soon as Friday. The new housing policies will target those holding multiple residential properties by charging them double or triple rates, according to Citibank. First-time property buyers will be exempted. The report points out that three major obstacles holding back the government from launching the measures have been cleared. These are the election of a new chief executive, statistics showing a rapid increase in local home prices, and mainland cities rolling out macro-policies to regulate the property market of first- and second-tier cities.

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