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Old July 3rd, 2013, 05:29 AM   #1
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HONG KONG | Trinity Towers | 39 fl | 38 fl | 28 fl | Com



Location : Lai Chi Kok Road / Kweilin Street & Yee Kuk Street, Sham Shui Po
Site Area : 3,339 square meters
Affected no. of buildings : 17
Affected population : 551
Affected property interests : 161

Project Development Information
Total GFA : 29,720 square meters
No. of flats : 402
Commercial GFA : 4,940 square meters
Open Space : 580 square meters

Project commenced in March 2005
Targeted completion by 2014

Implemented under a DSP (Development Scheme Plan), the site is designated for CDA zone. The URA had obtained a MLP (Master Layout Plan) approval in February 2008, which comprised with 3 residential blocks on top of podium, providing commercial spaces and a public open space (POS) mainly along Kweilin Street. The URA is also working towards to allow flat design suiting the elderly users in one of the residential towers to benefit a wider community.

Buildings at No. 61-65 Kweilin Street within the site were once the former New Asia College (now developed as one of the Colleges in CUHK) in the 1950's. The URA recognized this historical presence and did take advantage of such as an opportunity to celebrate the history of the site via an elaborated design of the public open space. With the support of the now University, the POS is to be named as the New Asia College Memorial Garden and will entail artifacts showing the spirit of the School in the landscape design. Together with the better spatial connection with the Tin Hau Temple located adjacent to the site across Kweilin Street, the POS design will show due respect of the cultural significance the site inherited and bring about improvement on overall settings.

Source : http://ura.org.hk/en/projects/redeve...nt-scheme.aspx
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Old July 21st, 2013, 07:02 AM   #2
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3/24 in green scaffolding on the right

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Old July 25th, 2013, 05:22 AM   #3
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By cyphil from dcfever :

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Old August 6th, 2013, 10:32 AM   #4
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7/27

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Sham Shui Po by hkchris.com, on Flickr
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Old August 12th, 2013, 02:46 PM   #5
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By emeci4 from dcfever :

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Old August 23rd, 2013, 07:52 PM   #6
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8/11

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Hong Kong, Our Home by twlaa, on Flickr
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Old September 14th, 2013, 06:02 AM   #7
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By Frank630 from dcfever :

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Old November 6th, 2013, 04:41 PM   #8
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27/10 :

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http://www.flickr.com/photos/kentaxi...pool-hongkong/
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Old November 26th, 2013, 06:27 AM   #9
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By ycjack88 from dcfever :

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Old January 11th, 2014, 03:29 PM   #10
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1/6

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深水埗 - Sham Shui Po night by Perseverance Photo, on Flickr
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Old February 19th, 2014, 09:18 AM   #11
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1/31

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Old February 22nd, 2014, 10:28 AM   #12
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Flats race set for Trinity
The Standard
Friday, February 21, 2014

Cheung Kong Holdings (0001) is to release its first batch of 84 units at a redevelopment home project in Sham Shui Po by next month.

Trinity Towers, a joint-venture project with the Urban Renewal Authority, comprises a total of 402 units, mainly one-to-three-bedroom flats.

The project is located on the site of the former New Asia College, now part of the Chinese University of Hong Kong.

A college memorial garden will be developed along with the residences.

Sales brochures for the project will be released soon, said Cheung Kong's senior sales manager Cannas Ho Ka-yan.

"We aim to commence sales by this quarter," she said, adding the developer will release unit prices of at least 84 flats.

Three-room units might be marketed first, Ho said, with show flats set up in Hung Hom's Fortune Metropolis mall.

Cheung Kong will follow up this launch with three other mass-market projects, including Mont Vert in Tai Po, offering a total of 4,436 flats.

Meanwhile, Sun Hung Kai Properties (0016) saw over 3,000 registrations for the 85 standard flats available for sale tomorrow at The Riva in Yuen Long.

Some prices have been raised 2 percent, but flats there would still cost up to 10 percent less than second-hand homes in the district, given the discounts of up to 22.5 percent offered.

As such, more secondary homeowners were forced to slash prices.

A seller offloaded his 654-square-ft flat at Aegean Coast in Tuen Mun for HK$4.57 million - 8 percent below the market average - despite facing a special stamp duty of HK$228,400.

Consultancy Colliers said yesterday it expects prices for small-to-mid-size flats to plunged 15 to 20 percent and rents to fall 5 percent if the government doesn't rescind its market cooling measures in the coming 12 months.

Separately, the family of Hopson Development Holdings (0754) chairman Chu Mang-yee splashed out HK$176 million for four units at The Altitude in Happy Valley that measure around 1,500 square feet each.
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Old February 23rd, 2014, 04:59 AM   #13
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Trinity Towers 丰滙 (Yee Kuk Street 醫局街)

2010 Mar (post 561)



2011 Oct


2012 Mar


2012 Oct


2013 Jan




2013 Mar


2013 May


2013 Jul


2014 Feb




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Old February 23rd, 2014, 10:37 AM   #14
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Old February 27th, 2014, 10:52 AM   #15
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Trinity Towers 丰滙

Tower 1 & 2 (339 Lai Chi Kok Road 荔枝角道 339號 )


Tower 3 (213 Yee Kuk Street 醫局街 213號)


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Old March 19th, 2014, 05:24 PM   #16
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3/9

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Old March 27th, 2014, 05:00 PM   #17
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Trinity Towers attracts wide interest
26 March 2014
South China Morning Post

Sham Shui Po project draws end-users and investors with its low lump-sum deposits

Trinity Towers, a residential project in Sham Shui Po jointly developed by Cheung Kong and the Urban Renewal Authority, has attracted homebuyers and because of the small lump-sum payment involved.

The developers have registered more than 3,000 potential buyers since they offered the first 108 flats for sale on Thursday. The project, comprising 402 flats in three blocks and scheduled to be completed in July next year, may be launched for sale this week. After discounts, the average price of units at Trinity Towers is HK$10,400 per square foot, 13 per cent lower than prices at nearby housing estates.

“Investors are betting on upside potential after seeing the lower-than-expected launch price. We have seen interested buyers from the western Mid-Levels,” said James Au Yeung, an assistant sales director at Centaline Property Agency in West Kowloon.

Home prices in the area would benefit from a change in the district in coming years, Au Yeung said.

Sun Hung Kai Properties won the development rights for a residential and commercial site above Nam Cheong MTR station, within walking distance of Trinity Towers, for HK$11.8 billion in October 2011.

“It will spice up the commercial value in an old district like Sham Shui Po, jammed with ageing buildings,” he said.

The URA said last month it would spend HK$1.8 billion to redevelop a group of 60-year-old buildings between Castle Peak Road and Un Chau Street. The proposed project, comprising 230 flats plus 2,400 square metres of commercial space, is slated for completion in 2020. Existing owners were reportedly seeking more than HK$10,000 per sq ft in compensation from the URA.

If such acquisition prices materialised, Au Yueng said, the flats to be developed on the site would be more expensive than those of Trinity Towers.

The first batch of flats at Trinity Towers have been priced in a range from HK$3.7 million to HK$9.87 million, or HK$9,552 to HK$14,146 per square foot.

Buyers can get a 5 per cent discount if they pay cash and an extra 3 per cent discount if the transaction is done by April 30. There is a 3.75 per cent subsidy for stamp duties.

After the discounts, the minimum price for a 362 sq ft one-bedroom flat is about HK$3.26 million, or HK$9,010 per square foot. A three-bedroom flat costs at least HK$6.1 million, or HK$8,430 per square foot.

Patrick Wong, director of property research at BNP Paribas Securities (Asia), said the response to Trinity Towers showed demand remained strong when pricing was attractive.
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Old March 30th, 2014, 10:17 AM   #18
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Discounts offered for Trinity Towers
21 March 2014
South China Morning Post

Cheung Kong bids to attract homebuyers amid worry over higher interest rates

Cheung Kong is offering discounts of up to 11.75 per cent to sell its new residential project, Trinity Towers, in Sham Shui Po amid concern higher interest rates in the United States could lead to a decline in home prices.

An increase in rates in the US would force Hong Kong banks to follow suit, which will result in higher mortgage payments, deterring homebuyers.

To encourage sales, developers in turn would be forced to cut the prices of their projects.

“Flat-owners would need to cut their asking prices in order to attract buyers. Homebuyers would take a longer time to make a decision as they need to consider the risk after interest rates rise,” said Louis Chan Wing-kit, the managing director for residential sales at property agent Centaline.

Chan said a rise in US interest rates might cause Hong Kong home prices to drop up to 15 per cent in the first four or five months of this year.

Cheung Kong yesterday released the price list for the first batch of 108 flats at the 402-unit Trinity Towers.

The average price is about HK$10,400 per square foot, about 13 per cent less than prices at nearby housing estates.

The cost of the flats ranged between HK$3.7 million and HK$9.87 million, or HK$9,552 to HK$14,146 per square foot.

Buyers can get a 5 per cent discount if they pay in cash and an extra 3 per cent discount if the transaction is made by April 30. There will also be a 3.75 per cent subsidy on stamp duties.

After subtracting all the discounts, the minimum price of a one-bedroom flat with an area of 362 sq ft is about HK$3.26 million, or HK$9,010 per square foot, while a three-bedroom unit would cost at least HK$6.1 million, or HK$8,430 per square foot.

Cheung Kong executive director Justin Chiu Kwok-hung said yesterday “it is our tradition to offer a lower price for the first batch of flats”.

The developer is targeting contracted sales of HK$30 billion for this year.

“The asking prices of Trinity Towers are less than market expectations. It will attract homebuyers from the secondary market,” said Sammy Po Siu-ming, the chief executive of Midland Realty. “As the price difference of new and second-hand homes has narrowed, more homebuyers would prefer new flats.

“Sales of second-hand homes would be affected badly.”
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Old March 30th, 2014, 10:15 PM   #19
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aren't there renders?...
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Old April 9th, 2014, 07:19 AM   #20
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Developers riding wave of demand
9 April 2014
South China Morning Post

Homes sales propped up by discounts and subsidies offered by property developers

Hong Kong’s primary residential sector remains the focus of market attention, as more developers are expected to launch developments as sales gain momentum.

Sun Hung Kai Properties, Cheung Kong and New World Development are planning to release their projects soon, before buying demand dries up.

Over the weekend, 38 new flats were sold, 85 per cent fewer than the 256 sold the previous weekend, while 133 units, down 27 per cent from the previous week, were sold at the 50 largest residential estates tracked by Ricacorp Properties.

The 38 new flats were the remaining units from Ocean One in Yau Tong, Visionary in Tung Chung and Summa in Sai Ying Pun.

“There were fewer transactions because fewer new projects were put on sale over the weekend,” said Patrick Chow, head of research at Ricacorp.

Sales in the primary market the previous weekend had been dominated by the first batch of 216 flats at Cheung Kong’s Trinity Towers in Sham Shui Po.

On Friday, the second batch, of 93 flats, were sold in less than two hours.

Chow said sales of new homes have received support at current price levels because developers were offering discounts and tax subsidies to homebuyers.

Patrick Wong, director of property research at BNP Paribas Securities (Asia), expects more developers, such as SHKP and New World, to launch new projects this month.

“The key focus will remain Cheung Kong’s three large-scale launches, with the 1,717-unit City Point in Tsuen Wan likely to be next,” he said. The other two are Mont Vest in Tai Po and Lohas Park Phase 3 in Tseung Kwan O.

Alva To, managing director for Hong Kong and head of consulting for North Asia at property consultancy DTZ said prices of luxury homes could soften more than those in the mass residential market.

“In the face of the continuous offering of incentives by developers of primary projects and more recent market developments – such as the enactment of the buyer stamp duty bill, the looming rate increase in the US and a large supply of mass residential this year – landlords in the high-end sector … would have to be realistic in pricing should they need to sell their properties,” To said.

The market’s outlook has become clearer, as owners and prospective buyers have a better grasp of the market now, he said.
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