CKA Reportedly Selling New Flats of 'Laguna Verona' at 50% Off

　　CK ASSET (01113.HK) +0.550 (+1.864%) Short selling $22.71M; Ratio 14.479% launched a big special offer on 30 flats at prices as low as about RMB13,000 sq.m. for its “Laguna Verona” project in Dongguan, National Business Daily cited market rumor. A two-bedroom unit starts at RMB900,000 with a down payment of RMB130,000; and a three-bedroom unit starts at RMB1.2 million with a down payment of RMB100,000. Some media described it as an “unprecedented landslide price cut”.

　　However, the media quoted a real estate consultant that the units priced at RMB13,000 per sq.m. were already sold out, and that they were “all gimmicks.” Now, there are only units priced at RMB14,000 per sq.m. at “Laguna Verona”. The real estate consultant said that the project is selling flats every day, with only 10 completed units left.

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　　The report quoted a senior real estate industry insider in Dongguan as saying that the rough filing price of the project is about RMB24,000-27,000 per sq.m., which is equivalent to a 50% discount.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-11 16:25.)

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