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5/8 News Roundup: Novum West Received over 1,100 Subscriptions, Ocean Pride to Announce Sales Arrangements this Week

Hong Kong Property | May 8, 2017

Novum West Received over 1,100 Subscriptions
About 15,000 people have visited the show flats of Novum West – the new project in Sai Ying Pun by Henderson Land – over the past weekend. Thomas Lam Tak-man, general manager of the company said it has received over 1,100 subscriptions, which is 16 times over-subscribed for the first batch of 63 units. He said 75% of subscriptions are for studio units so the company might launch more studio units. He added that the company might launch about 60 additional flats soonest today with a slight price up, and hope to provide about 200 units for sale on 16 May – the first day of sale of the project.

Ocean Pride to Announce Sales Arrangements this Week
William Kwok Tsz-wai, director of Cheung Kong Property, said the company will refer to prices of projects along the West Rail Line in setting prices for Ocean Pride, with sales arrangements to be announced this week. About 8,000 people have visited the show flats in Hung Hom since last Thursday. The first phase of the Tsuen Wan West project will provide 970 flats between 370 and 1,149 saleable square feet. The project’s completion is also expected in the second half of 2018.

Second Home Transactions Cooled Down
In the secondary market, Midland Realty recorded 10 transactions over the weekend at the 10 major housing estates that it tracks. The number marked a 37.5% drop from 16 transactions the previous weekend. No transactions were recorded in six of the major estates in Taikoo Shing, Kornhill, Laguna City, Whampoa Garden, Metro City and Tsuen Wan Centre. Centaline recorded 12 deals over the weekend at major estates it tracks, down 36.8% from the previous weekend. 5 transactions were reported at Kingswood Villas in Tin Shui Wai, while no transactions were recorded in Mei Foo Sun Chuen, Whampoa Garden, or Metro City.

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