Discovery Bay Full of Joy Phase 1 Tender Launches Monday with 15 Units
SingTao · 2 SOURCESabout 2 hours ago5 MIN
Summary
Hong Kong Resort Company Limited has unveiled the inaugural tender exercise for Full of Joy Phase 1 (滿·意1期) at Discovery Bay on Lantau Island, with bidding commencing on September 21 (Monday) . The first batch comprises 15 units spanning 2-bedroom and 3-bedroom with ensuite configurations, with saleable areas ranging from 597 to 1,061 square feet . Pricing for the development will reference recent transaction prices of comparable units in Mid-Levels, Western Mid-Levels, and Southern District on Hong Kong Island .
Key Points
- Chan Wing-meng (陳永盟), Assistant General Manager of Sales and Marketing at Hong Kong Resort Company International, stated that market response to the show units has been enthusiastic, prompting the developer to release 15 units immediately .
- The tender portfolio includes 5 units of 2-bedroom layout (597–599 sq ft) and 10 units of 3-bedroom with ensuite design (954–1,061 sq ft) .
- A sole 360-day cash payment plan is available, with buyers who settle early entitled to a cash rebate of up to 3% of the property price .
- For 3-bedroom ensuite units, the developer provides first mortgage financing of up to 90% loan-to-value ratio, while existing Discovery Bay residents and their relatives enjoy an additional 1% cash rebate .
- Lee Siu-man (李肇文), Director of CITIC Pacific Properties Agency, announced complimentary ferry services between Central and Discovery Bay, plus weekend shuttle buses from Olympic and Tuen Mun MTR stations .
Why It Matters
The launch of Full of Joy Phase 1 injects fresh supply into Discovery Bay's residential market, an established waterfront community with limited new development in recent years . The reference pricing based on Hong Kong Island's Mid-Levels and Southern District projects signals the developer's confidence in commanding premium valuations for Lantau properties, potentially setting a new benchmark for the broader Northwest New Territories residential market .
The launch of Full of Joy Phase 1 injects fresh supply into Discovery Bay's residential market, an established waterfront community with limited new development in recent years . The reference pricing based on Hong Kong Island's Mid-Levels and Southern District projects signals the developer's confidence in commanding premium valuations for Lantau properties, potentially setting a new benchmark for the broader Northwest New Territories residential market .