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Old November 13th, 2012, 11:45 AM   #1
hkskyline
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HONG KONG | The Reach | 24 fl x 12 | Com

Website : http://www.thereach.com.hk/en/home.html







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Old November 13th, 2012, 05:31 PM   #2
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Is this 100m+ ? Construction photos?
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Old November 14th, 2012, 01:04 AM   #3
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Based on the sales brochure available from the link provided, G/F to the top floor is about 81m, but there is also a roof structure (quite big as I suspect the water tank goes there) so the final height should be close to 100m. The sales brochure does not list how tall the roof structure is but it is several stories high from the rendering.

Construction status can be obtained from this website : http://hk.centamap.com/gc/home.aspx
Search "The Reach" and it will map it. The data is taken from the government and the development is clearly marked as "Under Construction".|
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Old November 14th, 2012, 01:55 PM   #4
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Looks like a big entrance. Well done.
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Old November 28th, 2012, 05:22 AM   #5
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The Reach, jointly developed by Henderson Land and New World, is aimed at the budget bracket. Eighty per cent of the flats range from 490 sq ft to 600 sq ft. SCMP
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Old December 18th, 2012, 05:58 PM   #6
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The Reach
By Dennis Cheung :

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Old May 4th, 2013, 08:20 AM   #7
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Sales in Reach again
The Standard
Friday, May 03, 2013

Henderson Land (0012) could resume sales at The Reach in Yuen Long in the coming week at the earliest, making it the third project available on the market, following the imposition of new rules on first-hand home sales.

General manager of sales Thomas Lam Tat-man said yesterday the new set of sales brochures and related promotional documents - adhering to the new code - for the 2,580-unit project might be ready within a week.

Around 1,064 flats remain unsold at The Reach.

Henderson's Green Code scheme in Fan Ling is the first project to become available for sale after the new ordinance came into effect on Monday. Lam stressed Henderson has been updating the sales brochures for all of its 15 previously launched projects.

Meanwhile, Henderson and the Hip Shing Hong Group have sold 11 of the 25 stories of a commercial building in Wong Chuk Hang within a week of its launch, generating more than HK$1.03 billion.
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Old July 10th, 2013, 05:59 PM   #8
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Spurt in new flats going on sale
The Standard
Wednesday, July 10, 2013

New flats offered for sale could top 700 now that Henderson Land (0012) is re-launching The Reach in Yuen Long.

There will be 516 of 1,065 unsold flats at the 2,580-unit project on Shap Pat Heung Road released at the weekend. The flats of 355-743 square feet are priced at an average HK$10,086 per sellable square foot, or HK$3.55 million-HK$8.19 million.

Sales had been halted after a law for new flat sales took effect on April 29. That compels developers to provide the sellable area of a flat in promotion materials, including sales brochures.

Also going on the market on Saturday among nine new projects offered this weekend are the first 50 flats at Woodville in Yuen Long. New World Development (0017) is asking an average of HK$9,535 per sellable sq ft.

Secretary for Development Paul Chan Mo-po is meanwhile talking about a study on developing the northern part of Tai Mo Shan. And Town Planning Board approval is being sought for 85 more Home Ownership Scheme flats additional to the 877 already set at Tsuen Wan's old Tai Wo Hau Factory site.
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Old July 21st, 2013, 07:05 AM   #9
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6/2















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Old August 1st, 2013, 04:53 AM   #10
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Home buyers in new surge
The Standard
Monday, July 15, 2013

At least 166 new flats were sold during the weekend amid the launch of two projects in Yuen Long, luring people from the secondary home market.

The volume made for the most buoyant weekend since a law covering dimensions and descriptions of new flats went into effect on April 29.

Some 115 apartments went at The Reach, a project of Henderson Land (0012) on Shap Pat Heung Road.

And 43 flats were offloaded at The Woodsville from New World Development (0017) on Hung Shun Road.

On average, flats sold for below HK$10,000 per sellable square feet.

At The Reach, 100 flats of 355-659 square feet fetched from HK$3.47 million to HK$6.13 million. They were among 516 units put up for sale.

Most have two bedrooms, and more than 60 percent of buyers were upgraders - people selling a flat and moving into a bigger place - within Yuen Long.

Thomas Lam Tat-man, general sales manager at Henderson, said more than 80 flats at the 2,580-unit Reach were sold in the first hour on Saturday.


Meanwhile, New World sold most of a first batch of 50 units at its low-rise Woodsville project from HK$4.32 million to HK$10.49 million, or HK$8,865 per sellable sq ft.

The project launches turned buyers from the secondary market, especially in the New Territories, Centaline Property Agency residential chief executive Louis Chan Wing-kit said.

Only nine homes changed hands at 10 housing estates tracked by Centaline during the weekend - a 10-week low.

Midland Realty saw 10 second-hand deals at major estates against 13 a week earlier. Most went after price cuts or below current market levels.

A 580-sq-ft flat at Tai Koo Shing went for HK$8.1 million after its price was trimmed by HK$280,000. And a 611-sq-ft unit at Mei Foo Sun Chuen sold for HK$5 million - 5 percent lower than the prevailing market price.
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Old April 15th, 2014, 05:21 PM   #11
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Sellout as buyers go with Riva flow
19 February 2014
The Standard

Sun Hung Kai Properties (0016) sold out its first batch of 64 flats in its The Riva in Yuen Long on the first day of sale yesterday at prices as much as 10 percent lower than used homes in the same area.

The developer is offering nearly 35 percent of discounts compared to its first launch in March. The new prices are at an average HK$9,268 per sq ft.

Hundreds of buyers queued up at The Riva's sales office at the property's shopping mall in Ying Ho Road yesterday before 10am to visit one of the units. They are allowed to inspect two units before signing a deal.

Some buyers at the site said they bought the units for self use so they are not worried about a potential price drop.

Some even expressed confidence that property prices still have room to go up.

``I expect home prices to drop by 20 percent, but the developer cut its prices by nearly 40 percent, which is beyond my expectation, making the investment attractive,'' said a buyer surnamed Cheng.

Midland residential chief executive Sammy Po Siu-ming said around 40 percent of the purchases are made for investment purposes and the rest for self use.

He added that the sale has resulted in a freeze in secondary-market deals in the district and expects owners will have to cut prices by at least 10 percent.

The Riva has a total of 780 units, and the prices of 156 flats were released last week. SHKP could receive as much as HK$476 million on day one by selling the first batch.

Only two houses were sold when the project was launched in March.

Other properties on sale in Yuen Long include The Reach, jointly developed by Henderson Land Development (0012) and New World Development (0017), which has its last batch of 326 flats on sale, but buyer interest lags.

Park Signature, a New World Development project in Yuen Long, which started selling last year, may also face a cool response now that it faces competition from The Riva, agents said.
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Old July 1st, 2014, 08:23 AM   #12
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Home buyers in rush as new projects hit market
12 June 2014
The Standard

The primary market is seeing a rush of home buyers amid the launch of several new projects.

They include Mayfair by the Sea I at Pak Shek Kok, Tai Po, developed by Sino Land (0083), which will release the price list of at least 110 units this month.

The project consists mainly of three to four-bedroom flats that target upgraders, said Victor Tin Siu-yuen, associate director of sales at Sino.

Upgraders are those planning to sell their existing flats for better accommodation. Showflats will be available today.

Mayfair by the Sea I and II will offer a total of 1,091 units, including 12 houses.

Meanwhile, the response was warm yesterday from students and retirees who applied to buy one of the 85 Home Ownership Scheme flats at Tai O, Lantau. The cheapest of the subsidized units is just HK$660,000.

A university student said she cannot afford to buy a flat in the city center and does not mind getting up early or the long traveling time.

Most of the applicants live on the island. A retired couple said they enjoy the environment of the old fishing village.

As for the private market, Grand Austin, a joint project of New World Development (0017) and Wheelock (0020), is to open showflats this week.

Prices of the 691-unit project may be higher than those in the first phase - The Austin - which when sold last year exceeded HK$23,000 per salable square foot.

Sun Hung Kai Properties (0016) will sell The Wings III in Tseung Kwan O in August. Twelve Peaks, its 12 luxury houses on Mount Kellett Road, will be sold next month.

Kowloon Development (0034) has offloaded 50 units of Macpherson Place in Mong Kok since the end of May, cashing in HK$4 billion. Henderson Land Development (0012) has sold 26 units at The Reach in Yuen Long worth HK$117 million.
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