Uppland dangles attractive discounts for 17 flats

Staff reporter

The Uppland, the first phase of Gold Coast Bay in Tuen Mun, is offering discounts of up to nearly 20 percent for 17 designated units, the developer Early Light International announced.

The deal includes a maximum 12 percent discount under the payment plan, an early settlement rebate of up to 5 percent, and 2.25 percent stamp duty coverage by the developer.

The 17 units include two one-bedroom and 15 two-bedroom units, with areas ranging from 350 square feet to 439 sq ft.

The 350-sq-ft one-bedroom unit is listed at HK$4.79 million.

Under the new payment plan, with a 12 percent discount, the discounted price is HK$4.22 million, or approximately HK$12,043 per sq ft.

Buyers who settle the full payment within 90 days of signing the provisional agreement will receive a rebate of over HK$210,000.

The project is expected to be completed by the end of November this year, less than nine months from now.

Meanwhile, Vanke Hong Kong will launch sales of 138 flats at Le Mont phase 2 in Tai Po over the weekend. The developer will roll out 128 units for sale this Saturday through the price list, with a discounted average price of HK$11,863 per sq ft, and will also launch 10 flats for tender on Sunday.

The flats in the price list include 12 studio, 47 one-bedroom, 51 two-bedroom, 14 three-bedroom and four special units, ranging in size from 246 sq ft to 723 sq ft. The discounted prices range from HK$2.67 million to HK$9.91 million, or HK$9,907 to HK$14,830 per sq ft.

Vanke has received about 8,200 applications for the 128 units.