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Old June 9th, 2009, 06:33 PM   #1
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HONG KONG | Primrose Hill | 68 fl | 62 fl | 58 fl | Com

'Green' living environment will give residents peace of mind
24 October 2008
South China Morning Post

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Kerry Properties' new development in Tsuen Wan is designed to give residents a tranquil and "green" living environment.

Located at 152-160 Kwok Shui Road, the project is being built on the 78,577 sqft site formerly occupied by the Chung Nam Industrial Building.

Kerry Properties acquired the site for about HK$120 million in 2002 for redevelopment into residential use.

The project will comprise 548 flats in three towers, scheduled for completion by the end of next year. Standard units are one- to three-bedroom apartments. There are seven special larger units measuring 1,500 to 2,400 sqft.

Semy Ng, assistant general manager (marketing) with Kerry Real Estate Agency, a marketing unit of Kerry Properties, said the project was in an area of lush greenery and tranquility, yet enjoyed the convenience of good transport facilities.

"We stress the element of nature and environment. What we are striving to put forward is a kind of green living in the heart of the city," she said.

"You are not going to find large shopping malls in the area but a life of tranquility with the surrounding greenery and landscape."

Ms Ng said the group had spent a lot of time planning environmentally friendly features. For example, the clubhouse will be equipped with indoor and outdoor gym facilities for residents' enjoyment while the flats will feature innovative taps designed to control the flow of water.

The company had made the best use of the site's advantages to provide about 54,000 sqft of open and green spaces, representing nearly 70 per cent of the site's area, she said. The design of only four units on each floor also enhanced privacy and exclusivity for residents.

Ms Ng said the group would apply for certification from the Hong Kong BEAM Society over the quality and environmental performance of the project.

The project is scheduled to be launched for public sale in the first quarter of next year and she expects to see strong demand from buyers. "There is a limited supply of such quality residential properties in the area, so we are optimistic about the response. While the project has an exclusive living environment, it is just a few minutes' walking distance to and from the Tai Wo Hau MTR station," she said.

The development's podium level was elevated so that the flats were located on the eighth floor and above, ensuring they would command open views of the surrounding landscape, she said.

Apart from Kerry Properties' project, a few residential redevelopments are also being undertaken by other developers in the area.

According to Ms Ng, the area has been zoned for "Residential (E)" use under the government's development planning conditions. Accordingly, residential projects there can be developed with a maximum plot ratio of just five times - meaning that the density of development will be much lower than the plot ratio of nine times for projects in the city centre.

"The area will become a very nice residential neighbourhood with a lower development density and attractive greenery, thus providing quality living to residents," Ms Ng said.

Kerry Properties is controlled by the Kuok Group, the controlling shareholder of the SCMP Group, which publishes the South China Morning Post.
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Old June 11th, 2009, 12:54 PM   #2
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Old June 14th, 2009, 08:02 PM   #3
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Secondary prices put on Kerry flats
The Standard Excerpt
Friday, June 12, 2009

Flats at a new Tsuen Wan project - Primrose Hill - will go on sale at prices close to those in the secondary market in the same area in an attempt to lure buyers. But prices may rise later.

The average selling price of the first 24 regular homes is HK$5,062 per square foot, according to the developer, Kerry Properties (0683). The 24 apartments are between 692 and 1,062 square feet each. Buyers who pay in full will get a 5 percent discount.

"We would like to draw market attention by setting low prices first," said Chu Ip-pui, executive director at Kerry Properties.

The firm plans to raise prices to around HK$6,000 psf. Kerry will put 150 flats, worth a total of HK$1 billion, on the market in the first stage, according to Chu.

Primrose Hill consists of three blocks with a total of 548 flats.

Secondary apartments in Tsuen Wan, such as those at Vision City, are selling for between HK$5,500 and HK$5,800 psf, according to Centaline Property Agency.

Four banks are supporting the launch of Primrose Hill by offering an interest-free package with interest reductions or waivers on primary mortgage loans for the entire year.

Dennis Chow, a district sales director at Midland Realty, said secondary flat transactions in Tsuen Wan doubled from the start of the year to June, showing strong demand in the district.
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Old June 15th, 2009, 11:38 PM   #4
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Old June 22nd, 2009, 06:49 PM   #5
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Old June 24th, 2009, 10:07 AM   #6
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Primrose Hill sales bloom
15 June 2009
The Standard

Kerry Properties (0683) said it sold 230 units in Tsuen Wan residential project Primrose Hill with prices up 2 percent on average since it launched last Friday.

Executive director Chu Ip-pui said 30 percent of the homebuyers were investors. The developer intends to raise the price to HK$6,000 per square foot on average from the original average price of HK$5,062 psf, he said.

Kerry reaped over HK$1 billion from selling 170 flats as at Saturday, he said.

He said 12 prime apartments on the eighth floor were sold for HK$8,000 psf and two on the 50th floor were sold for HK$7,000 psf.

Almost all homes in Block 1 and half of those in Block 3 were sold, Chu said. Kerry yesterday launched 50 apartments in Block 2 at an average price of HK$5,500 per square foot.

"The remaining flats may be launched after construction completes and prices may rise 6 percent by then," Chu said. The project comprises three towers with a total of 548 flats.

Meanwhile, transaction volume in the secondary home market fell 8.7 percent in the past two days to 63 deals, from 69 deals a week ago, Midland Realty director Andy Ho Ming-pui said.

"Turnover in the secondary market fell because homebuyers were attracted by newly launched projects and partly due to the rainy weather," Ho said. Secondary home trade fell the most in the New Territories, by 24 percent.

Trading in residential project City One slumped 50 percent to nine deals over the weekend.
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Old June 30th, 2009, 08:54 AM   #7
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Kerry to launch Primrose Hill development
Tsuen Wan project seeks to attract homebuyers with view of Tai Mo Shan Country Park

10 June 2009
South China Morning Post

Banking on a sustained rise in buyer demand, developer Kerry Properties is planning to launch Primrose Hill this week.

Like its namesake in north London, the residential project is situated in an urban belt that lies between the central city and the outlying suburban area. Located at 168 Kwok Shui Road in Tsuen Wan, Primrose Hill is a 10 to 15-minute walk from Tai Wo Hau railway station and major bus links.

It consists of three blocks offering 548 units that range from 300 square foot studio flats to 2,400 sq ft duplex units. The asking price for standard-sized units will be about HK$6,000 per square foot, while larger duplex units are targeted to fetch more than HK$10,000 per square foot.

The developer would launch only one-third of the flats this year, and the remainder would be released when the project was ready for occupancy in the first half of next year, said Chu Ip-pui, an executive director of Kerry Real Estate Agency. Show flats will be open for public viewing and sales may kick off at the end of this week.

The asking prices are slightly cheaper than the HK$6,506 per square foot achieved by the Dynasty, a new project completed for occupancy in January. However, they are at a 15 per cent premium to the HK$5,185 per square foot recorded in the secondary market for the two-year-old Vision City, data shows.

The Dynasty and Vision City - both developed by Sino Land and the Urban Renewal Authority - are about a 15-minute walk from Tsuen Wan railway station or a 10-minute walk from Tsuen Wan West railway station.

Flats in Chelsea Court, a three-year-old residential development by Sun Hung Kai Properties, are exchanging in the secondary market at much lower prices, with an average selling price of HK$3,802 per square foot over the last six months. Agents said the units were cheaper because Chelsea Court was further away from the stations and was surrounded by industrial buildings.

To draw buyers, Primrose Hill is being billed as offering a quiet and tranquil living environment with a view of Tai Mo Shan Country Park. This was a rare feature, the developer said, since most new projects in the district were surrounded by high-rise buildings.

Agents said the project offered better views and came with luxury clubhouse facilities, including indoor and outdoor swimming pools, a gym room and banquet hall. This was likely to appeal to local residents living in older housing estates with few or no facilities who wanted to upgrade, they said.

Kerry Properties said the estate would provide a shuttle bus service for residents to Tsuen Wan town centre. The developer is part of Kerry Group, the largest shareholder in the SCMP Group, publisher of the South China Morning Post.
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Old July 2nd, 2009, 12:46 PM   #8
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Kerry sells 250 Primrose Hill flats on good pricing
17 June 2009
South China Morning Post

Home sales in Hong Kong remained active at the weekend as investors and end-users continued to shift out of low-yielding or higher-risk assets into the safer haven of property.

Kerry Properties said it had secured buyers for 250 flats at Primrose Hill since sales kicked off last Friday and selling prices for standard units ranged between HK$4,763 and about HK$7,000 per square foot.

The developer previously said it planned to launch only one-third of the total 548 units for sale this year, but decided to speed up the sale amid a good response from buyers.

Property agents attributed the quick sales to the attractive pricing as the flats are priced at a discount of some 10 per cent to the deals achieved by the Dynasty in the secondary market.

Kerry Real Estate Agency executive director Chu Ip-pui said some duplex units or units with gardens would only be launched for sale when the project was completed and ready for occupancy in the first half of next year.

At Lake Silver in Wu Kai Sha, 18 flats were sold at the weekend, while Hongkong Land Holdings' Sail at Victoria in Kennedy Town secured buyers for 15 units.

Sales in the secondary market also improved slightly and data shows that secondary transactions edged up 1.79 per cent to 456 from a revised 448 deals a week earlier.

Average home prices climbed 1.2 per cent, sustaining a seven-week rise in prices. According to the Centa-City Leading Index, which tracks deals in the secondary market, prices have now increased 14.48 per cent since the beginning of the year.

Kerry Properties is part of the Kerry Group, the largest shareholder in the SCMP Group, publisher of the South China Morning Post.
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Old July 7th, 2009, 04:03 PM   #9
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縉庭南灣用家主導 雲頂標準戶近售罄 新盤兩日穩錄逾百成交
29 June 2009
星島日報

大雨連綿下,主要新盤過去兩日交投尚算穩定,錄約一百一十八宗成交,與上周相若;嘉里荃灣縉庭山、泛海香港仔南灣御園及信和旗下三個新盤等均錄交投,買家則以用家主導;而新地沙田雲頂峰標準戶近售罄,平均呎價約七千五百元。

市場消息指,嘉里旗下荃灣縉庭山昨日錄近一百組睇樓量,周六兩日錄約十宗成交,客源以區內用家為主,當中包括三座高層C室,面積七百零五方呎,成交價三百九十六萬六千元,平均呎價約五千六百二十六元。

縉庭山沽十伙

新地代理執行董事雷霆表示,雲頂峰開售短短數天,標準戶已接近沽清,平均呎價約七千五百元,套現近六億元,待餘下的十數伙售罄後,最快於周末推出四幢洋房,意向呎價約一萬五千元至一萬七千元,售價由四千五百萬至五千萬元。

雲頂峰套現近六億

買家方面,用家佔八成,另外兩成為投資者,最大手的一組客戶約購入十伙,涉及金額逾三千萬元;該盤開售至今累積提價約百分之八,現時餘下單位以位於C座的一房戶為主。雷霆又指,該項目第三期的洋房於年尾才推售。下半年將重推九龍站天璽,涉及約二百伙,並有提價空間,現時天璽已沽出近四百伙,套現近一百億元。新地系內沙田壹號雲頂錄得特色戶成交,消息人士指出,位於六座頂層單位,以每方呎一萬一千元售出。

御凱高層788萬易手

信和旗下三個新盤,包括烏溪沙銀湖.天峰、荃灣御凱及深水埗海峯,合共錄得六宗成交,市場人士指,其中御凱一座高層C室,面積九百七十三方呎,成交價約七百八十八萬一千三百元,呎價約八千一百元。

泛海旗下香港仔南灣御園日前加推單位,該公司執行董事關堡林表示,早前加推原計畫作服務式住宅的單位應市,涉及約七十伙,現首推十個低層單位,而未來亦將視乎市場反應原價加推,待示範單位完工後,將正式推出該批單位,屆時或考慮加價百分之三至五。

美聯營業董事吳家棟表示,南灣御園昨日錄逾三十組睇樓客量,睇樓客以香港區用為主。

新世界營業及市務高級經理劉仲良表示,元朗翹翠峰於周六、日共錄十五宗成交,主要以六座兩房中低層單位為主,當中亦有個別第一及五座成交。另外集團旗下的何文田衛理苑,亦於周六、日錄得五宗成交,平均成交呎價逾一萬一千元,主要集中在中層A單位。

中原高級區域營業經理陳忠浩指,長實旗下的元朗四季名園,於昨日錄得七宗成交,包括一百七十六號,以逾八百三十萬元成交。

大屋苑成交微跌

另一方面,市場消息指,新地旗下的新蒲崗譽•港灣於周六、日共錄一宗成交,另約二十四宗預留。

而周六日各區屋苑二手交投錄約五十宗成交,較上周輕微回落。美聯董事何銘培表示,多個新盤陸續推售,令市場焦點集中一手市場,加上二手市場部分優質單位已被吸納,在盤源收窄情況下,部分業主叫價態度轉趨強硬,故本周末二手屋苑交投較上周減少。
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Old July 7th, 2009, 08:45 PM   #10
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Rendering



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Old July 14th, 2009, 03:37 PM   #11
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Old August 3rd, 2009, 08:52 PM   #12
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荃灣 縉庭山 千呎3房多選擇
11 July 2009
星島日報

嘉里荃灣國瑞路新盤縉庭山,6月中開售至今,約售出350個單位,佔整個項目6成,平均每方呎價5,500元。餘下單位當中,2房戶入場價370萬元,3房戶則約430萬元。

2房戶約370萬起

美聯物業高級營業經理保耀倬表示,縉庭山目前尚餘100多伙,當中以約1,000方呎套3房單位較多,2房戶則較集中在2座 38樓以上。最新1宗一手買賣為2座高層B室,2房702方呎,望池景,以390萬元成交,呎價5,556元。目前,2房入場價大概約370萬元,純3房 822方呎單位,入場價約430萬元。

平台戶及1房沽清

發展商上月尾曾表示,該盤累積售出約350個單位,平均呎價5,500元。現時,該盤的連平台單位及1房單位已全部沽清。另外,尚有開放式單位、複式及相連戶仍待買家洽購。

縉庭山由3座物業組成,設548個單位,距大窩口港鐵站約7至8分鐘步程,預計2010年9月入伙。現時該盤約有10個二手放盤,普遍較買入價叫高1成。

最新消息

.1房戶沽清

.3房選擇多

.餘下約100伙

地址 荃灣國瑞路168號

座數 3座

單位總數 548個

單位面積 280至1,205方呎(標準)

單位間隔 開放式、1房、2房、3房(標準)

會所設施 戶外及室內泳池、迷你影院等

預計完成日期 2010年9月30日
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Old August 6th, 2009, 01:28 PM   #13
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荃灣選擇多 2房120萬起
20 July 2009
香港經濟日報

  繼荃灣縉庭山月前開售後,同區新盤御凱近日開始收樓,成為市場另一個焦點區,吸引不少外區客慕名而來,事實上,區內物業多元化,由剛入伙新樓至逾30年舊樓,由單幢樓至大型屋苑等,呎價由不足3,000餘元至7,000元,因應上車客和換樓客所求。

  300餘至600餘呎的1房或2房為上車族熱門之選,有新有舊,包括荃灣中心、荃景花園、海濱花園、愉景新城、樂悠居、爵悅庭、及港鐵上蓋的綠楊新村等。

綠楊配套齊 造價勝新樓

  隨著樓價調升,低於200萬元的選擇集中400餘呎細單位,如荃灣中心400餘呎入場費約120萬元,荃景花園2房(400餘呎至500餘呎)樓價約160萬元;以及單幢式樂悠居600餘呎銀碼約200萬元。以荃灣市中心一帶為例,區內老牌屋苑綠楊新村,雖然樓齡高達25、26年,但其受捧程度絕不遜於新樓,平均造價還高於年輕屋苑。

  目前綠楊新村最新造價約4,100元,500餘呎入場費約220萬元,11年樓的愉景新城造價報4,000元,約600呎2房涉及銀碼約230萬元至240萬元,由於兩者位置和銀碼相近,大部分準買家通常會作比較。綠楊因交通甚為就腳和購物便捷,而愉景新城賣點是備有住客會所。

愉城備會所 2房鑽石廳

  屋則方面,綠楊新村2房分511、518、555呎,前兩者為左右兩邊廳,後者為呂字廳,愉景新城2房為593呎和610呎,屬鑽石廳,論實用性前者佔優。
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Old August 6th, 2009, 10:56 PM   #14
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'Green' living environment will give residents peace of mind
24 October 2008
South China Morning Post

Construction photos by 鄧麗欣之戀 from skyscrapers.cn :


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definitely a green environment, until the curtain falls.
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Old August 15th, 2009, 06:57 PM   #16
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nice towers, i'm wondering that i didn't notice them before... nor here on ssc nor in the city. must be the sheer mass of skyscrapers!
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Old September 15th, 2009, 09:05 PM   #17
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nice towers, i'm wondering that i didn't notice them before... nor here on ssc nor in the city. must be the sheer mass of skyscrapers!
They're tucked away from the main skyscrapered areas. But these actually should stand out in its locale due to the sheer number of low and mid rises in the vicinity.
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Old September 15th, 2009, 09:38 PM   #18
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The location is somewhat awkward for this huge complex. It is just surrounded by old villages, public housing estates, warehouses and industrial building at the edge of Kwai Chung industrial area.

But I guess the price tag does somewhat reflect its disadvantages in terms of location.

http://maps.google.com/maps?f=d&sour...27874&t=h&z=16
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Old September 16th, 2009, 08:44 AM   #19
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The location is somewhat awkward for this huge complex. It is just surrounded by old villages, public housing estates, warehouses and industrial building at the edge of Kwai Chung industrial area.

But I guess the price tag does somewhat reflect its disadvantages in terms of location.

http://maps.google.com/maps?f=d&sour...27874&t=h&z=16
True - but at least it faces the hills on one side and is still walkable to the MTR station.
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Old September 16th, 2009, 03:02 PM   #20
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True - but at least it faces the hills on one side and is still walkable to the MTR station.
Looking at the floor plans... actually all units in all three towers face Tsuen Wan only (the good side), and the Kwai Chung side (the industrial side) have no windows to it.... so you can never see Kwai Chung within the complex.
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