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The seminar^A was informative and useful. Banking experts were invited to share the updates on mortgage finance, and the tips and benefits for incoming talents in mortgage financing. A professional surveyor explained the latest updates on stamp duty, and representatives from WeSpire Living Limited introduced the Development's smart technology, clubhouse facilities and diverse activities. These all enhanced members' understanding of the Development and knowledge about purchasing first-hand residential properties. There was also an education consultant sharing insights on children's education in Hong Kong to aid parents to help their children adapt to the education system of Hong Kong.  Highlights of the seminar^A have been uploaded, please click here to view it and learn about the related info.

The seminar^A covered the following:

Mortgage News in Hong Kong
(Speakers:
Mr Victor Hui, Senior Mortgage Sales Manager and
Ms Yara Kong, Mortgage Sales Manager, Bank of China (Hong Kong) Limited)

• Introduced the latest mortgage information, including the relaxation of the loan-to-value ratio for owner-occupied properties to 70%, the extension of the Mortgage Insurance Program to cover uncompleted residential properties, and the stamp duty suspension arrangement
• Briefing on the tips and advantages of mortgage for Talent Scheme and information on cross-border, e.g. how non-local income earners can purchase residential properties with less down payment after the relaxation of the "Debt Servicing Ratio" requirement

Updates on stamp duty
(Speaker: Mr Norry Lee, Senior Director, Jones Lang LaSalle Limited)

• Explained the recent changes in stamp duty measures per the "2023 Policy Address", specifically an update on stamp duty rates and calculations, such as a reduction in the Buyer Stamp Duty (BSD) and New Residential Stamp Duty (NRSD) from 15% to 7.5%. This reduction can alleviate the financial burdens faced by non-permanent HK residents and permanent HK residents who already own properties in Hong Kong when purchasing new properties
• Shared the latest updates of "Top Talent Pass Scheme" which has added 8 more institutions from Mainland and overseas to the list of eligible universities, and increased demand for property purchase and rental due to the increased quota of non-local graduate students from mainland China and overseas at Hong Kong’s public universities.  This increase is expected to have a positive impact on the rental market
• Procedures and points to note for purchasing a first-hand private residential property

NOVO LAND – Smart Living Well
(Speakers:
Ms Carmen Wong, Assistant General Manager (Corporate Communication), Kai Shing Management Services Ltd. and
Mr Ben Sun, Senior Manager, WeSpire Living Limited)

• Introduced the Development and WeSpire Management Team.  A dedicated Community and Wellness team will be there to ensure the well-being of the residents, and organises a wide range of activities tailored to their preferences
• Provided a brief introduction of the clubhouse facilities and smart technology adopted
• Presented the transportation connectivity at NOVO LAND, which benefits from a total of 10 bus routes^B serving the area, and enjoys a well-developed road network, providing convenient access to the airport, Hong Kong-Zhuhai-Macau Bridge, and various districts in Hong Kong

Children’s admission pathway in Hong Kong’s education system
(Speaker: Mr Leung Wing-lok, Admission counsellor)

• Provided an overview of education system in Hong Kong, including how local students and students newly arrived in Hong Kong can secure admission to their desired schools. During school admissions interviews, students will not only be required to introduce themselves and discuss their reasons for choosing the school, but will also be asked problem-solving, situational analysis, and current affairs topics to assess their comprehension, expression, and critical thinking abilities. There may even be creative thinking questions, such as asking students what they would invent to benefit humanity if they were scientists
• Introduced categories of schools in Hong Kong. Renowned schools can be further categorized into "traditional prestigious schools," "district renowned schools," "direct subsidy schools," and "international schools"
• STEM subjects such as science, geography, etc. are usually conducted in English at schools.  Parents can dedicate more time to help their children prepare for related English classes

"As the content of the seminar included a summary of the issues in the latest Government’s Policy Address, I deliberately took the time to attend. The speakers integrated information on Property Tax to give me and other prospective buyers a better understanding of the real estate market and purchasing property."
Member Ms Law

"The seminar helped me learn how NOVO LAND residents can handle opening mailboxes, driving in and out of the parking lot and other day-to-day matters using the estate's exclusive mobile app, which is very convenient. I especially liked the introductions regarding the clubhouse and Smart Home."
Member Mr Leung

"I live in a property developed by SHKP. By attending the seminar, I learned whether the latest Stamp Duty arrangements are helpful for non-first-time buyers to buy a second property. I am confident in SHKP's property development. If similar property seminars are held in the future, I will definitely participate."
Star Member Ms Tang

Facebook: novoland.com.hk
Instagram: novoland.com.hk

Notes:

^AThe content of the seminar reflects the personal opinions of the speakers only, which are not related to and does not represent the views of SHKP Club, the Vendor (i.e. Pacific Good Investment Limited) and Sun Hung Kai Properties Limited (SHKP). SHKP Club, the Vendor and SHKP take no responsibility. The seminar content is for reference only and does not constitute any express or implied offer, statement, undertaking, or warranty by SHKP Club, the Vendor and SHKP.

^BSource: MTR bus route no.K54【www.mtr.com.hk/ch/customer/services/searchBusRouteDetails.php?routeID=K54】; Citybus bus routes no.50【https://mobile.bravobus.com.hk/nwp3/?f=1&ds=50--Tuen_Mun_(Ching_Tin_and_Wo_Tin)】, no.50M【https://mobile.bravobus.com.hk/nwp3/?f=1&ds=50M--Wo_Tin_Estate】, no.55【https://mobile.bravobus.com.hk/nwp3/?f=1&ds=55--Tuen_Mun_(Ching_Tin_and_Wo_Tin)】, no.56【https://mobile.bravobus.com.hk/nwp3/?f=1&ds=56--Tuen_Mun_(Ching_Tin_and_Wo_Tin)】, no.56A【https://mobile.bravobus.com.hk/nwp3/?f=1&ds=56A--Queen’s_Hill_Fanling_(via:_Sheung_Shui_Station)】, no.950【https://mobile.bravobus.com.hk/nwp3/?f=1&ds=950--Tuen_Mun_(Ching_Tin_and_Wo_Tin)】 and no.955【https://mobile.bravobus.com.hk/nwp3/?f=1&ds=955--Tuen_Mun_(Ching_Tin_and_Wo_Tin)】; KMB bus route no.67A【https://search.kmb.hk/KMBWebSite/?action=routesearch&route=67A&lang=zh-hk】; Long Win bus routes no.A34【www.lwb.hk/chi/pdf/A34.pdf】and no.NA33【www.lwb.hk/chi/pdf/promo_NA33.pdf】; New Territories-GMB route no.40【(Transport Department website) https://h2-app-rr.hkemobility.gov.hk/ris_page/get_gmb_detail.php?route_id=2004956】, for reference only. The Vendor does not guarantee the accuracy or latest revision of the above URLs. Services of the bus and minibus routes mentioned above are/will be provided by third-party companies, not by the Vendor. The third-party companies have the rights to determine the fees, terms and conditions, operation hours and service period of the above-mentioned services. The provision of such services is subject to the terms in the service contract or any other relevant legal documents. Please refer to the relevant authorities for details of the services. Bus interchange services provided by MTR are subject to MTR's terms and conditions. The Vendor does not make any offer, undertaking or warranty, whether expressed or implied, regarding the said services or matters. Prospective purchasers must not rely on this or make any claims against the Vendor.

This advertisement intends to promote the sale of residential properties in Phase 1A, Phase 1B, Phase 2A and Phase 2B of the Development only.

Name of the Phase of Development: Phase 1A, Phase 1B, Phase 2A and Phase 2B of NOVO LAND ("the Development")｜District: Tuen Mun｜Name of the street and the street number of the Phase: 8 Yan Po Road｜The website address designated by the Vendor for the Phase: (Phase 1A) www.novoland.com.hk; (Phase 1B) www.novoland1b.com.hk; (Phase 2A) www.novoland2a.com.hk; (Phase 2B) www.novoland2b.com.hk｜Enquiries: (852) 3119 0008

The photographs, images, drawings or sketches shown in this advertisement/promotional material represent an artist's impression of the development concerned only. They are not drawn to scale and/or may have been edited and processed with computerized imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The Vendor also advises prospective purchasers to conduct on-site visit(s) for a better understanding of the development site, its surrounding environment and the public facilities nearby.

Vendor: Pacific Good Investment Limited｜Holding companies of the Vendor: Sun Hung Kai Properties Limited, Vast Earn Limited, Peak Harbour Development Ltd｜Authorized Person of the Phase: Chan Wan Ming｜The firm or corporation of which the Authorized Person of the Phase is a proprietor, director or employee in his or her professional capacity: P&T Architects Limited｜Building Contractor for the Phase: Sanfield Engineering Construction Limited｜The firms of solicitors acting for the owner in relation to the sale of residential properties in the Phase: Mayer Brown; Woo Kwan Lee & Lo; Sit, Fung, Kwong & Shum｜Authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Phase: The Hongkong and Shanghai Banking Corporation Limited｜Any other person who has made a loan for the construction of the Phase: Sun Hung Kai Properties Holding Investment Limited｜The estimated material date for the Phase to the best of the Vendor's knowledge: (Phase 2A) 16 May 2024; (Phase 2B) 17 May 2024 ("Material date" means the date on which the conditions of the land grant are complied with in respect of the Phase. The estimated material date is subject to any extension of time that is permitted under the Agreement for Sale and Purchase.)｜This advertisement is published by the Vendor or with the consent of the Vendor.｜Please refer to the sales brochure for details.｜Date of production: 13 December 2023