Friday, July 10, 2020
Martin Hennecke

Slowdown in presale consents
Developers had presale consents for only 895 units in September - down by 60 percent month-on-month - data from the Lands Department showed yesterday. And just two developers were represented in that consent figure. CK Asset (1113) was responsible for 876 unit consents from Seaside Sonata in Sham Shui Po while Sun Hung Kai Properties (0016) weighed in with 19 for Central Peak (Phase 2) in Mid-Levels. CK Asset will release the first price list covering about 180 flats at Seaside Sonata today. In the secondary market, a 185-square-foot flat at The Zutten in To Kwa Wan changed hands for HK$4 million, or HK$21,622 per sq ft, after HK$500,000 was cut from the first asking price. The vendor, who purchased the unit for HK$3.65 million three years ago, will see a loss of about HK$200,000 after stamp duties. And a 534-sq-ft flat in Yuen Long's Yuccie Square went for HK$7.6 million, or HK$14,232 per sq ft, after HK$1.9 million was chopped from the original asking price. Also yesterday, the one-month Hong Kong Interbank Offered Rate, which is linked to the mortgage rate, climbed to 1.8757 percent.
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