After the “Budget” announced the reduction of the ad valorem stamp duty band, the first brand-new project to go on sale is Lantian KOKO ROSSO developed by Wheelock Properties. Today (24th) the first round of sale is 148 units. The discounted price starts from 5.545 million yuan . The project opened at a low price last week. The first batch of 88 units has a discounted average price of 17,973 yuan per square foot, which is about 10% lower than the discounted average price of the first phase of KOKO HILLS of 19,995 yuan two and a half years ago. Yesterday, 6,594 votes were received, and the oversubscription was more than 43.5 times. That is, about 45 people competed for one group.
Once purchased the same unit of Wheelock and Fung, he is optimistic about the prospects of the property market
Ms. Yu, a retiree currently living in Lantau Island, decided to spend 6 million yuan to buy a flat because she intends to move out of the urban area.
Regarding the government’s relaxation of tax bands this time, she believes that tax cuts will help speed up the decision to enter the market, and she is also optimistic about the prospects of the property market. She also bought a unit of the same series from Wheelock earlier, and felt that the quality of the property in Wheelock was “well done”.
↓KOKO ROSSO’s first round of sales scene↓
5.54 million discounted admissions for one room
Among the 148 units on sale in the first round today, including 38 one-bedroom units (open kitchen), 67 two-bedroom (open kitchen), and 43 two-bedroom (stem kitchen) units, the usable area ranges from 268 to 497 square feet, with the highest deduction 12% discount, the discounted price is 5.545 million to 9.215 million yuan, and the discounted price per square foot is 17,158 to 22,209 yuan.
The entry unit is Room J on the 3rd floor of Block 6, with a usable area of 300 square feet, one room with an open kitchen partition. In terms of discounted price, 35 units (24%) are below NT$6 million, 94 units (64%) are below NT$8 million, and the discounted price of all units is below NT$10 million.
Are there any adjustments to the property market measures in the Budget?
How many residential sites will be launched in the 2023/24 Land Sale Program?
The new fiscal year will be launched12 residential sitesHong Kong Island and Kowloon each have 2 plots of land, while the New Territories occupy 8 plots.
In the 2023/24 Land Sale Program, which piece of land is the most valuable and has the highest valuation?