Kina Vanka -ova Hongonjag Unit sees strong sales in the TAI project in spite of mortgage problems
Kina Vanka He sold almost three -quarters of more than 200 units on offer on his LE MONT project on the first day of sales, despite earlier reports that indicate that some Hong Kongska Bank refuses to expand their mortgages to potential customers.
Until 5 pm on Saturday, 162 of the 228-available apartments on the new residential project Tai by developed, developed by Vanka Hong Kong, fully owned by China Vanka, he sold, Sammy by Siu-Ming, Executive Director of the Midland Realty Housing Division.
The apartments-in range of 214 square meters to 873 square meters of 28 studies, 67 units with one bedroom, 93 two bedroom units, 24 three-bedroom units, nine units with four bedrooms and seven special units. They are part of a six -tower housing complex, which will be predicted to be completed by July 2026.
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Prices for units range from 2.38 million HK to 11.41 million HK (306,000 to $ 1.47 million), while the price per square meter is between 9.185 HK and 14.392 HK. This is more than 30 percent lower than the prices of comparable real estate in the neighborhood two years ago, according to ownership agents.
The Le Mont project is located in Tai PO. Photo: Polovica Alt = Le Mont project is in Tai PO. Photo: brochure>
Le Mont closed his registration of the ballots at 8pm on Thursday, attracting a total of 7,418 applications – the subscription more than 31 times.
Kina Vanka, once the biggest property for the land real estate, but now fights a crisis of liquidity, has faced renewed challenges after several banks in Hong Kong Rejected Applications for Mortgage from potential project customers.
Standard Chartred and Chong Hing Bank did not accept the project applications, agents said earlier this week. The banks assessed the risk of non -payment of Vanka and his ability to complete the project, according to a lawyer.
Since Friday, Hang Seng Bank, HSBC and Bank of East Asia have confirmed that they will provide mortgage financing to customers, joining OCBC Hong Kong and Bank of Communications, Vanke’s spokesman said.
The Bank of China (Hong Kong) and ICBC (Asia) also stated that it would expand the mortgage for the project.
Some banks in Hong Kong have rejected mortgage reports for the Le Mont project. Photo: Nora Tam Alt = Some Banks in Hong Kong have rejected mortgage reports for the Le Mont project. Photo: Nora Tam>
China Vanka is facing nearly $ 5 billion in debt of debt dollars this year and is expected to report a record net loss of 45 billion Juan (6.2 billion USD) for 2024. Once it is considered a financially stable programmer with state support, Vanka’s struggles are attracted to the property of China.
