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Old July 31st, 2013, 07:50 PM   #21
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Short green scaffolding on the other side of the harbour :

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Hong Kong by OsoBerlines, on Flickr
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Old August 27th, 2013, 08:11 PM   #22
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8/27

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Old September 1st, 2013, 03:50 PM   #23
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8/28
By sing_sf from dcfever :

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Old September 15th, 2013, 07:50 PM   #24
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Old October 2nd, 2013, 04:33 PM   #25
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Site D :








Site D & site C


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Old October 18th, 2013, 10:19 AM   #26
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More firms join race with discounts to offset duties
The Standard
Friday, October 18, 2013

Wheelock (0020) and New World Development (0017) yesterday priced their new project atop the MTR Austin Station close to secondary homes in the district, with discounts of up to 20.5 percent.

The first batch of 116 flats at The Austin were priced at an average of HK$22,871 per sellable square foot. Measuring 416 to 1,002 sq ft, the asking prices range between HK$8.53 million and HK$25.72 million.

This compared with HK$32,000 per sellable sq ft at The Cullinan - Sun Hung Kai Properties' (0016) relaunched project near MTR Kowloon Station, minutes away by foot from The Austin.

In the secondary market, units at The Victoria Towers changed hands recently at an average of about HK$19,300 per sellable sq ft. Other used flats around MTR Kowloon and Olympic stations cost HK$18,900 to HK$31,700 psf.

Buyers of The Austin flats can get either a 7.5 percent or an 8.5 percent discount on purchases by next month - equal to 100 percent of the double stamp duty payable by second-home buyers and non-locals.

An extra 7 percent discount is offered to those who pay up within 180 days while others who do so within 270 to 360 days can get cuts of 3 to 5 percent.

Club members of both developers can receive an extra 3 percent discount, and purchases made by November 30 qualify for 2 percent reduction.

Factoring in all the discounts, the cheapest 417 sq ft unit would cost HK$6.87 million, or HK$16,472 psf.


Show flats will be opened to the public tomorrow.

Wheelock and New World's scheme follows SHKP's move to offer a 70 percent rebate on total stamp duties including the DSD and buyer's stamp duty paid by second-time, non-local and corporate buyers of The Cullinan units.

Wheelock executive director Ricky Wong Kwong-yiu said the project may attract mainland and overseas buyers as it is close to the Guangzhou-Shenzhen- Hong Kong Express Railway.

Other developers also offered similar discounts or rebates to attract buyers, including Wing Tai Properties (0369) which paid all double stamp duties for buyers at The Warren in Causeway Bay.

These primary market discounts prompted secondary homeowners to cut prices. For example, a 2,222 sq ft flat at Residence Bel-Air Phase 1 sold for HK$62.8 million, following a price reduction of HK$5.2 million.
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Old October 19th, 2013, 04:01 PM   #27
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18/09 :


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Old November 7th, 2013, 04:50 PM   #28
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Austin flat prices climb up again
The Standard
Thursday, October 31, 2013

Wheelock (0020) and New World Development (0017) have raised prices at their joint project The Austin for a second time following an overwhelming response.

The developers hiked prices for the third batch of 107 flats by 5 percent - equivalent to rises of between HK$213,000 and HK$760,000 - bringing the per sellable square foot average to HK$25,369.

Buyers could still enjoy discounts of up to 18.5 percent. Sales start on Sunday.

The two price hikes represent a accumulative jump of 12 percent compared with the first batch of 116 apartments priced at an average of HK$22,871 per sellable sq ft just two weeks ago.

Homes at the Tsim Sha Tsui project atop the MTR Austin station measure 581 sq ft to 1,290 sq ft, with prices now ranging from HK$13.52 million to HK$34.56 million.

The second batch of 80 units was sold out yesterday.

Agents said two corporate buyers immediately put their units on the secondary market, asking up to HK$4 million more than the original prices.

Others have also put their rights on the market for up to HK$400,000.

Since the October 26 launch, 265 units out of a total of 576 have been sold, generating HK$3.65 billion for the developers.
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Old November 11th, 2013, 01:42 PM   #29
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South China Morning Post
Would-be buyers say they were 'misled' by agent over deposits
Monday, 11 November, 2013, 6:21am

People who missed out on the chance to buy a cut-price flat at a luxury development in Kowloon said they felt "cheated" when the property agency organising the sale charged the deposit to their credit cards despite promising not to.

Buyers flocked to snap up flats at The Austin. Photo: Jonathan WongThe South China Morning Post has received complaints from two potential buyers who discovered that a combined HK$300,000 was taken out of their accounts when they joined 3,000 hopefuls in a draw organised by Ricacorp Properties for the opportunity to buy a flat at The Austin in West Kowloon. They said dozens of others were in the same situation.

Ricacorp has denied it did anything wrong.

The buyers said they were told that the agency had a "special arrangement" with the banks under which it could ensure that the buyers' credit limits would be reduced by the amount of the deposit, but that no actual transaction would take place.

While the documents they signed did state that the deposit would be withdrawn, they said the agency's staff contradicted what was written in the contracts.

"The estate agent was misleading us when she told us that Ricacorp had a 'special arrangement for this special deal'," one of the buyers said, adding that it was unreasonable to expect the potential buyers to read every detail in a stack of documents they were told to sign on the spot. "We felt cheated. It was clearly a misleading sales tactic."

Both buyers, who had the deposits refunded late last week, said their banks had agreed to waive payments. But the buyers said they could have been left with a huge interest bill had the banks taken a different stance.

"Am I supposed to pay the interest for the credit card payment if they cannot arrange a refund before the payment deadline? Will Ricacorp pay it for me?" the other buyer asked.

Buyers rushed to snap up the first 185 homes at The Austin after prices were set at an average of HK$22,871 per square foot, well below market expectations. A six-day registration period ended on October 24, and the draw took place on October 25.

But, after learning that their cards had been charged despite missing out, the buyers say they were among dozens who went to Ricacorp's sales office on October 27 to demand a refund.

The agent signed a written agreement with the would-be buyers that day assuring them the company would contact the banks to arrange a refund as soon as possible.

HSBC, Citibank and Standard Chartered, whose cards the buyers used, said there had been no "special arrangement" with Ricacorp, and that it was up to the merchant whether or not to debit a client's credit card.

Ricacorp denied breaching any regulations and said its agents would have explained to buyers that a transaction would be made if they chose to pay their deposit by credit card, and that their banks might insist on customers settling the payment before a refund could be arranged.

A Ricacorp spokeswoman said the buyers "might have misheard what the agent said". Refunds would normally take at least two weeks.

The Estate Agents Authority said it could not comment on individual cases, but said estate agents had to obtain written approval from buyers whenever a credit card was involved in the payment of a deposit.

Estate agents must abide by the authority's code of ethics, which states that agents must "provide services to clients with honesty, fidelity and integrity".

Taking shape above the Austin MTR station, The Austin is a luxury development of 576 flats by New World Development and Wheelock Properties.

Besides setting prices far lower than expectations, the developers also offered a stamp-duty subsidy to woo potential buyers.
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Old November 13th, 2013, 03:57 AM   #30
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Primary market up to strength
The Standard
Monday, November 11, 2013

Buying sentiment in the primary market remains relatively strong despite price increases by several developers as 200 new units were sold over the weekend.

This compares with 247 new flats offloaded the previous weekend.

With up to 16.5 percent discounts offered to buyers, Wheelock (0020) and New World Development (0017) sold the latest batch of 100 units at The Austin in Tsim Sha Tsui on Saturday.

The sales came despite unit prices being raised to an average of HK$29,101 per sellable square foot. One-fifth of the buyers were mainlanders.

The developers further boosted prices of the last 17 flats at the 576-unit project yesterday. Prices of two standard flats were raised by up to 6 percent. Two out of the 15 special flats also carry price tags of HK$169 million, or HK$51,191 psf.

The first batch of flats at The Austin cost an average of only HK$22,871 psf.


Wheelock's vice chairman Stewart Leung Chi-kin said the group could soon reach its HK$10 billion sales target this year as HK$8.93 billion has been generated from offloading 559 at the Wui Cheung Road project since the launch on October 26.

He added that Wheelock will apply for presale consent on the second phase of The Austin this week, offering 691 flats, expected to be put up for sale in the second quarter next year at the earliest.

Hang Lung Properties (0101) also sold out its latest batch of 60 flats at The Long Beach in Tai Kok Tsui with as much as 16 percent price discounts. Henderson Land (0012), on the other hand, yesterday sold 26 out of the first 30 units available for sale at The Hemispheres in Tin Hau, with up to 21 percent discounts.

Sun Hung Kai Properties (0016) sold one flat at its Imperial Kennedy in Sai Wan over the weekend.

In contrast, the secondary market remains lackluster with five homes changing hands at the 10 top housing estates tracked by Centaline Property Agency, up from three last weekend.

Midland Realty saw nine homes sold.
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Old November 17th, 2013, 02:35 PM   #31
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11/6

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Old December 8th, 2013, 02:15 PM   #32
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Today !!


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Old December 10th, 2013, 01:54 PM   #33
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12/8

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Kowloon Peninsulam HK by bennychun, on Flickr
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Old January 27th, 2014, 07:22 PM   #34
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1/18

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The Star Ferry (31) by J3 Tours Hong Kong, on Flickr
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Old February 19th, 2014, 09:11 AM   #35
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11/25 (bottom left)

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Old March 20th, 2014, 06:37 PM   #36
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2/19

Quote:
Originally Posted by melrocks50 View Post
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Old March 27th, 2014, 05:29 PM   #37
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2/23











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Old April 9th, 2014, 11:14 AM   #38
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Old April 11th, 2014, 08:22 PM   #39
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By dannymok2000 from dcfever :

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Old April 11th, 2014, 09:53 PM   #40
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How tall will this be?
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