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Old January 8th, 2009, 03:00 PM   #1
hkskyline
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HONG KONG | Celestial Heights | 58 fl x 11 | T/O

$18,000 psf expected for first Celestial Heights flats
19 May 2008
Hong Kong Standard





Cheung Kong (Holdings) (0001) expects to sell Celestial Heights - a residential project in Ho Man Tin jointly developed with privately-held Nan Fung Group - at HK$18,000 per square foot for the high-floor units in the first batch.

The 50th to 57th floors of Celestial Heights will be launched first, with not less than 20 units in the batch, Cheung Kong Real Estate director Francis Wong See-chung said.

Most on offer are four-room units, with some three-room units.

Wong said the property developer would raise the price to HK$20,000 psf or above when more units are launched because they are optimistic about the luxury property market. Celestial Heights has 939 residential units.

Ricacorp Properties executive director Willy Liu Wai-keung said the price set by Cheung Kong is reasonable. "Other properties in Ho Man Tin, such as 15 Homantin Hill, are selling at about HK$15,000 psf to HK$16,000 psf. But Celestial Heights is of better quality," he said.

The property developer will announce the actual prices and the residential project will go on sale within this week.

Meanwhile, sales performance of The Palazzo, a residential project in Fo Tan developed by Sino Land (0083), remained strong, with more than 100 units sold over the weekend.

As of yesterday, more than 70 percent of the 1,375 units in total have been taken.

"We have sold more than 1,000 units so far," said Sino Land associate director for sales and marketing Derek Chung Siu-kuen.

Units sold for between HK$4 million and HK$65.8 million, or HK$6,000 psf and HK$23,500 psf.

Chung said Sino Land will raise the sales price of the project in Fo Tan by up to 5 percent starting today. New prices will be announced today.
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Old January 9th, 2009, 07:37 AM   #2
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Is this the one where each unit has an individual street address?
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Old January 10th, 2009, 06:58 AM   #3
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1/1/2008

















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Old January 10th, 2009, 07:21 AM   #4
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This one will definitely effect airflow in the surrounding area. 58 floors x 11 even through they are only building 3 or 4 conjoined towers together. Looks like your standard HK flat... except this one's clad in gold!
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Old January 10th, 2009, 04:11 PM   #5
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i like its construction method, every inch of the building is covered
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Old January 11th, 2009, 12:44 AM   #6
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found this on wiki chinese

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Old January 19th, 2009, 03:53 PM   #7
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Luxury market sentiment improves
Two high-end projects see strong demand while house on Peak fetches record price

4 June 2008
South China Morning Post

Sustained demand for newly released flats in two high-end projects in non-luxury districts, as well as an Asian price record for a house on the Peak shows that buyer concerns about the outlook for the luxury sector are over, agents say.

The project at Pollock's Path, developed by actor-comedian Stephen Chow Sing-chi and Ryoden Development, has been on the market since the end of last year. But they still await buyers willing to pay HK$60,000 per square foot.

Property agents said the sustained buying demand at Sino Land's Palazzo in Fo Tan and Celestial Heights, a Cheung Kong (Holdings) project in Ma Tau Wai, showed market sentiment had turned positive.

The South China Morning Post reported last week that 900 units were sold in the Fo Tan development since its launch on May 9, and 210 units were sold in Celestial Heights within two days of its May 22 launch.

The latest sales data showed about 80 per cent of the 1,375 flats in the Palazzo had been sold, while about 45 per cent of the 939 units in Celestial Heights had been snapped up. Both are upmarket luxury projects in previously middle-market locations.

A special unit at the Palazzo sold for HK$23,500 per square foot, posting a record high for residential prices in terms of flat prices in the district, agents said.

At Celestial Heights, a deal done at HK$28,000 per square foot also set a record for property prices in Kowloon. The average price at which units had so far been sold in the project was HK$13,500 per square foot - just 3.57 per cent lower than the average price of Kowloon Development's 31 Robinson Road luxury residential project in Mid-Levels West.

Agents said the latest data removed any lingering doubts that sentiment in the luxury market had turned positive after four months of being somewhat negative.

Kenneth Chiu Po-kit, an associate sales director at Ricacorp Properties, said demand for houses on the Peak was driven by the views on offer and prices reflected a limited availability of such properties.

"The buyers of Severn 8 are attracted by the view of Victoria Harbour," Mr Chiu said.

"Furthermore, they like the fact that all of the houses are fully furnished and the design layout is flexible."

A property agent said the project at Pollock's Path was targeting end-users, who were willing to pay aggressive prices, rather than investors.

"That's why the transactions in Severn 8 are active as there is potential for capital value growth. About 40 per cent of the buyers are investors," he said.

Louis Ng Chap-keung, a director of Ricacorp, said most of the units at Celestial Heights cost about HK$20 million. Buyers faced monthly mortgage expenses of about HK$150,000 if they applied for 70 per cent mortgage, he said.

"To afford that, total household income has to be at least HK$300,000 per month. You can't pay that much even as an undersecretary."

The monthly salary of the new government undersecretaries ranges from HK$208,680 to HK$223,585.

Mr Ng said most of the buyers were businessmen and about 80 per cent of them had businesses on the mainland. "[You could hardly tell] they are rich from their dressing. Most wear T-shirts and jeans. Many of them lived previously in the Mid-Levels, Mid-Levels East and North Point."

Property agents said more than half of the buyers at Celestial Heights were investors.

Indonesian investment fund De Monsa was prominent among the buyers, spending about HK$1.1 billion for 36 units in the project.

Lauw Siang Liong, the chairman of the fund, said the developer had offered discounts and delayed the completion date of the transaction, which was an attractive proposition to an investor.

"I am looking for at least 20 per cent growth on acquisition prices in the short term. I believe prices will continue to rise in the next few months and we will meet our sales target before the end of this year," Mr Lauw said.

Mr Ng believed the strong sales of the two projects were due to the lack of new luxury residential projects launched in the first quarter.

"Many buyers have taken profit from stock sales in the first quarter due to the uncertain outlook. They now hold a lot of cash and are looking for investment opportunities. Property is one of the good choices under an [inflationary environment]," he said.

The developers are also offering payment packages to lure investors, which include the option to pay down just 15 per cent of the total property price and the remainder after a year.

Property agents said investors could buy the flat with this package for short-term investment even if they could not afford the monthly mortgage. But they had to take high investment risks as property prices might not rise as they hoped for.

Ricky Poon, a director of residential sales at Colliers International, said transactions in traditional luxury areas in the first quarter were down 35 per cent on the previous quarter due to poor stock and property market sentiment.

Current data shows that while transactions were down 20 per cent on levels recorded in December, there had been a pick-up in deals in the last weeks of last month.

Prices, however, were up 5 per cent over the past five months and Mr Poon expected prices of luxury residential properties to rise a further 15 per cent by the end of the year.
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Old January 25th, 2009, 06:23 AM   #8
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11/30/2008

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Old January 25th, 2009, 09:42 AM   #9
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You notice that about Kowloon as you take a ride on a bus - there's loads of 'individual' free standing tall buildings that add to the skyline.
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Old January 25th, 2009, 05:56 PM   #10
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Quote:
Originally Posted by Chong View Post
i like its construction method, every inch of the building is covered
That's to prevent the debris to fall off onto the street down below and hurt or even kill people. Very important especially in a compact and dense area.
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Old January 25th, 2009, 06:05 PM   #11
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Quote:
Originally Posted by _00_deathscar View Post
You notice that about Kowloon as you take a ride on a bus - there's loads of 'individual' free standing tall buildings that add to the skyline.
Looking at the pictures above, I notice the same thing, too.
They are free standing now, but I am thinking ahead, how long will it take to fill the To Kwa Wan and Kowloon Bay areas with tons of skyscraper and what will it be like when that's done. Not just to the skylines, but also living quality and standard in the area.
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Old January 26th, 2009, 04:59 AM   #12
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They won't be too tall. Height restriction is the new it thing.
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Old January 26th, 2009, 09:11 PM   #13
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wtf? that sucks! height restriction?? WHY??? is it near the airport?
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Old January 26th, 2009, 09:31 PM   #14
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Originally Posted by SilentStrike View Post
wtf? that sucks! height restriction?? WHY??? is it near the airport?
That's to protect the view of ridge line in the back form across the harbour.
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Old January 26th, 2009, 11:38 PM   #15
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The first pic of this thread is just beautiful *.*
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Old January 28th, 2009, 05:56 AM   #16
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De Monsa:半山壹號無撻訂
19 November 2008
星島日報

受累於新一輪金融風暴,本港豪宅價格蒸發達三成,有傳印尼財團De Monsa改變以往的掃貨策略,計畫減持物業,並一度盛傳將放棄購入何文田半山壹號的三十六個單位,惟該宗交易再有新進展,該財團負責人劉常仁表示「離成交期還有一段時間,目前仍在觀望市場,不會撻訂」,對後市甚具信心。

向來大手入市的印尼財團De Monsa近日轉趨審慎,雖然減持部分商廈及住宅物業,但對後市依然甚具信心,消息指出,該財團早前斥資約十一億元購入的何文田半山壹號三十六個樓花單位,已成功延長成交期。

劉常仁:離成交期有一段時間

劉常仁對本報表示,現在對樓市持觀望態度,但香港樓市發展健康,故看好樓市長遠發展,而目前不會選擇放棄半山壹號的交易,因為「離成交期還有一段時間」;反映財團對具潛力的貴重物業傾向完成交易。

另外,對於市場指旗下南區陽明山莊及浪琴園二十五個收租物業將以低於市價放售,劉常仁則承認近日的確有買家出價洽購旗下陽明山莊等放租物業,但卻甚玄地表示「時機未到」,暫時仍不打算出售,並直言「對香港樓市有信心」。

據了解,De Monsa今年五月向於何文田半山壹號購入三十六個樓花單位,當時即日已付樓價的半成作訂金,之後於八月再付第二期的半成款項,累積訂金已達一成;而年尾則需要再付半成,至於餘下的八成半金額,需在樓花期約一年半時間內全數繳清。市場一度盛傳De Monsa將撻訂,惟消息人士透露,該財團對後市仍具信心,故積極與發展商商討交易條款,希望能延長成交期。
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Old February 17th, 2009, 05:57 PM   #17
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首都六成已上會 半山壹號約三成 長實兩樓盤銀行估足價
4 February 2009
星島日報

樓市氣氛回穩,由長實發展的新盤將軍澳首都及何文田半山壹號,均向買家提供按揭轉介服務,協助建築期買家提早上會,而首都由去年十二月至上月底,已有三百名買家提前上會,樓按息率為三厘或更低,令項目已上會買家達總數六成,至於半山壹號則約三成買家已上會;現時銀行對兩個物業的估價,均貼近其開售價及估足價,按揭成數亦可達七成,故發展商指,未有需要推出二按作協助。

長實地產投資董事黃思聰表示,旗下將軍澳日出康城一期首都、以及何文田半山壹號,由於近日銀行承造樓按態度較寬鬆,早前已向使用建築期付款的買家,提供按揭轉介服務,由去年十二月至上月為止,首都已有逾三百名使用建築期付款的買家,選擇提前上會,息率可達三厘或更低,部分更可獲現金回贈,而目前已上會的買家,佔項目總數二千多伙的六成。

毋須推二按

黃思聰指出,何文田半山壹號也有安排買家提前上會,目前約有七成的買家尚未上會,而兩個新盤均於四及五月間入伙。現時銀行對兩個物業的估價,均貼近其開售價及估足價,按揭成數亦可達七成,故此未有需要推出二按作協助。

黃氏再指,由於兩新盤已貼近市價發售,沒有刻意製造高價成交,買家中又以用家為主,投資者大手掃貨的情況並不多,相信不會出現撻訂潮,反而因銀行近日在承造按揭上,可提供較多優惠,以及息口普遍屬低水平,可望出現上會潮。

就去年底負資產個案上升,黃氏續稱,認為負資產個案佔整體按揭市場比率偏低,加上目前市場不少買家,所承造的按揭成數不會高於七成,相信負資產情況對樓市負面影響不大,而旗下新盤首都,雖然有個別二手成交的跌幅達三成,但有關成交並不能反映樓盤真正價值,目前未有出現負資產的情況。

另外,黃思聰透露,本年集團將推出三千個新單位應市,旗下新盤只要獲批售樓紙,就隨即推出發售,首個新盤為天水圍栢慧豪廷,而半山壹號二期亦會在年內推出,期望售價可與一期相若。

名門沽六頂層複式

同系渣甸山名門,長實助理營業經理何家欣表示,早前曾開放位於三座的現樓示範單位,予VIP率先參觀,而在春節假期前後十天內,就分別售出六個頂層複式單位,套現約三億四千萬元,平均呎價約二萬二千七百元,買家分別為三組本港商人及企業家,其中一名買家,更斥資約一億六千萬元,一口氣購入三個。

何家欣指出,現時物業尚餘兩個複式戶待售,均設於第五座內,為C及D室,面積分別為二千二百三十八及二千二百五十五方呎,屬山景戶,室內未有附設裝修,目標呎價約一萬八千元,名為Emerald of The Legend。
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Old March 6th, 2009, 08:13 PM   #18
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Old March 16th, 2009, 04:37 PM   #19
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Source : http://www.fotop.net/photographer/080621



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Old March 19th, 2009, 05:04 PM   #20
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半山壹號摩貨 勁蝕493萬
14 March 2009

【明報專訊】預計於今年年中入伙的長實(0001)與南豐何文田半山壹號,剛錄得市場蝕讓幅度最高的「摩貨」轉讓個案(成交前已轉售)。香港置業助理區域董事黃富傑表示,隨着入伙期漸近,半山壹號錄得市場上蝕讓幅度最高的轉售個案,二手轉售帳面虧蝕493萬元,跌幅約三成,原業主更需「抬錢」離場。

買家需「抬錢」離場

他稱,該單位位半山壹號28號中層單位,面積1636方呎,剛以1150萬元售出,呎價僅7029元;原業主於去年以1643萬元買入,當時呎價10043元。另外,土地註冊處資料剛顯示,半山壹號於本月初首錄二手蝕讓個案,該單位位於28號9樓,面積同為1636方呎,以1080萬元成交,呎價低至6601元;原業主於去年以1478.7萬元買入,帳面勁蝕398.7萬元,蝕讓幅度約27%。

另外,市場消息指,盈大(0432)剛售出薄扶林貝沙灣6期8座一個高層相連戶,面積4130方呎,成交價4751萬元,呎價11500元;該單位傳為撻訂重售貨,比原先成交價低約兩成。
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