After the “Budget” announced the reduction of the ad valorem stamp duty band, the first brand-new project to go on sale is Lantian KOKO ROSSO developed by Wheelock Properties. Today (24th) the first round of sale is 148 units. The discounted price starts from 5.545 million yuan . The project opened at a low price last week. The first batch of 88 units has a discounted average price of 17,973 yuan per square foot, which is about 10% lower than the discounted average price of the first phase of KOKO HILLS of 19,995 yuan two and a half years ago. The project received 6,594 votes, oversubscribed by more than 43.5 times, that is, about 45 people competed for one group. Today’s sale was also very busy, attracting more than 500 prospective buyers and agents.
He once bought a Wheelock unit and is optimistic about the property market prospects
Ms. Yu, a retiree currently living in Lantau Island, said that because she intends to move out of the urban area, she decided to spend 6 million yuan to buy a one-bedroom unit in KOKO ROSSO for self-occupation. . Regarding the relaxation of the ad valorem stamp duty tax band in the government’s “Financial Budget”, she believes that the tax cut will help speed up the decision to enter the market, and she is also optimistic about the prospects of the property market. She revealed that she also bought a unit from Wheelock Development earlier, and felt that the quality of Wheelock’s property was “well done”.
↓KOKO ROSSO’s first round of sales scene↓
5.54 million discounted admissions for one room
Among the 148 units on sale in the first round today, including 38 one-bedroom units (open kitchen), 67 two-bedroom (open kitchen), and 43 two-bedroom (stem kitchen) units, the usable area ranges from 268 to 497 square feet, with the highest deduction 12% discount, the discounted price is 5.545 million to 9.215 million yuan, and the discounted price per square foot is 17,158 to 22,209 yuan.
The entry unit is Room J on the 3rd floor of Block 6, with a usable area of 300 square feet, one room with an open kitchen partition. In terms of discounted price, 35 units (24%) are below NT$6 million, 94 units (64%) are below NT$8 million, and the discounted price of all units is below NT$10 million.
KOKO ROSSO expected completion date?
The key date is expected to be the end of June 2024, and the off-plan period is about 16 months.
KOKO ROSSO covers two buildings and provides 392 units. There are 3 types of standard units, including one-bedroom with open kitchen, two-bedroom with open kitchen, and two-bedroom with kitchen. The usable area ranges from 300 to 497 square feet. Due to the main Small households, so the unit silver code is relatively low.
Are there any adjustments to the property market measures in the Budget?
