Rush of new projects set to entice buyers

Property | Staff reporter 27 May 2021

Sales of new properties are expected to be launched one after another from the end of this month to next month, involving a total of more than 2,600 units.

Upper South in Ap Lei Chau presented its first price list on Friday, the same day that sales brochures for the Pavilia Farm III above Tai Wai Station was published.

This was followed by The Met Azure in Tsing Yi and The Arles in Fo Tan, which will be launched soon.

Developed by Henderson Land, Upper South has prices ranging between HK$4.55 million and HK$7.15 million. After deducting a

6 percent discount, the prices range from HK$4.28 million to HK$6.72 million.

The project also opened its show flat and started subscriptions last weekend.

The company says the sale will be launched in late May or early June.

The project provides 138 units, including studio flats and one-bedroom units. There are 90 studio units, accounting for about 65 percent of the units, with the sellable areas ranging from 183 to 186 square feet.

Forty-four one-bedroom units make up about 35 percent of the total units, with areas ranging from 242 to 264 square feet.

There are also four high-rise feature units, ranging from 300 to 334 square feet.

New World Development and MTR Corp will also be announcing the first price list for their Pavilia Farm III joint development and unveiling its show flats this week.

As it is the last phase of the entire project, it is expected that the selling price will refer to the first and second phases and may even see an increase.

The project consists of two residential buildings, providing 892 one- to four-bedroom units. The entire Pavilia Farm project consists of seven residential buildings, providing a total of 3,090 units.

Developed by Wang On Properties, The Met Azure is awaiting approval to sell, with executive director Teresa Ching Tak-waon predicting that would be granted within this month.

She said the sales brochure and the show flats were ready and the project can be open for sale as soon as next month. The selling price of the first batch of units will be based on other new properties in the same district.

Ching said sales for several new properties have been launched but reiterated that Tsing Yi has lacked a supply of small units for many years. So she is confident on project sales.

Two show flats will be set up for the project. One would be a standard unit and the other would be a modified and refurbished unit.

The remaining 40 units at Maya By Nouvelle in Yau Tong are up next, with some of them priced 3 to 5 percent higher than in the previous price list.

Met Azure will be providing 320 units, with areas ranging from 181 to 257 square feet. The unit types include studio flats and one-bedroom units, with studios accounting for 79 percent of the total units.

Feature units are also provided. Twenty units were placed on one floor. In addition, the project also provided the smallest unit in Tsing Yi, with an area of 181 square feet.

Developed by Shenzhen Centralcon, The Arles in Sha Tin is also awaiting sales consent. A person familiar with the situation said the project has finished preparation. As the approval is expected next month, the project will be launched soon and the developer is liaising with property agents in the district.

The project is next to the MTR station. Because of the aging housing estates in the district, the project has received many inquiries ahead of the official launch.

It consists of four residential buildings, with 1,335 units. Types range from studio flats to four-bedroom units. Feature units will also be provided.

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