Omega on the Park Launches Sales in Hong Kong; Luxury Projects in the Heart of Toronto

Apr 15, 2015 20:00 JST

Source: Concord Pacific

HONG KONG, Apr 15, 2015 - (ACN Newswire) - Concord Pacific, Canada's leading urban community developer, will launch its Toronto development Omega on the Park in Hong Kong. Located in North York, at the centre of Toronto, it enjoys convenient access to all major places in Toronto and presents a promising investment opportunity. Prices start from CAD243,800 (approx.1.5 million). With its' Hong Kong launch, buyers can enjoy 12% rental guaranteed for the first two years (6% per annum) and a 12-month maintenance fee credit. The exhibition will be held this weekend, 18th to 19th April (Sat to Sun), and buyers who attend can also receive free locker space (value equivalent to CAD3,000).

Omega on the Park, Toronto

Strategic location at the heart of Toronto

Called the "Heart" of Toronto, North York contains some of Toronto's most affluent areas, such as Bayview Village, The Bridle Path and Hogg's Hollow. Omega on the Park is the latest project of the 45-acre residential community Concord Park Place. It is just next to highway 401, 404 and Don Valley Parkway, only three minutes' walk to Bessarion subway station and 7 minutes' walk to Go Train station. An easily accessible location, it is only 15 minutes away from Downtown Toronto and 20 minutes from the airport.

Near Omega on the Park are high-end shopping malls Bayview Village and Fairview Mall, western and Chinese supermarkets, and restaurants. The Concord Shuttle bus is also available to take residents to the subway station and nearby shopping centres. Just in front of Omega on the Park is an 8-acre park, with a tree-lined Boulevard, multi-purpose green lawn, splash pad and skating rink. Omega on the Park not only provides convenient urban living, it also offers a green, natural environment.

Mega-club, 5-star luxury clubhouse

The large scale luxury Mega-club offers a variety of amenities, including a tennis court, badminton court, basketball court, volleyball court, golf putting green, bowling greens, party room, fitness center, kid's playroom and pet spa. There will also be a large swimming pool, jacuzzi, dance studio and yoga center in a future phase, which makes it comparable to a hotel resort.

Concord Pacific is committed to upholding high quality, as apartment size and layout are practical and elegant, all units are equipped with a large and bright balcony and marble finishes, together with European luxury brand kitchen and bathroom facilities, such as Liebherr refrigerators and AEG ranges.

Toronto named most livable city, best choice for investment and living

Toronto is listed as the 1st and 4th Most Livable City by Economist and Forbes, and also selected as a top-4 city for opportunity by PWC. Toronto has always been the financial centre of Canada, with major banks and companies having set their headquarters there, and with world ranking universities such as the University of Toronto, Ryerson University and York University.

The real estate market has been booming in recent years, with consistently strong housing demand and low vacancy rates. According to Canada Mortgage and Housing Association (CMHC), the Toronto 2014 overall vacancy rate is only 1.6%, with North York at 1.4%. According to a recent report from Toronto Real Estate Board in February 2015, the composite benchmark is approximately CAD$528,000 (approximately HK $ 3.3 million), representing a y-o-y increase of 7.84%.

Highlights of Omega on the Park

- Prices from CAD243,800 (approx. 1.5 million)
- First 30 buyers will receive guaranteed 12% rental yield for two years and a credit of 12 months maintenance fee. Locker (value equivalent to CAD3,000) will be offered to buyers during the exhibition weekend
- Luxury residential area in the centre of Toronto, with green space nearby
- 3 minutes to subway station and 7 minutes to Go Train station
- Toronto ranked 1st and 4th for Most Livable City by Economist and Forbes
- Large scale luxury club facilities - Mega-club
- Elegant interior design and luxury-appointed kitchen and bathroom finishes

Project summary

Project: Omega on the Park
Price: From CAD243,800 (approx. HK$1.5 million)
Floor: 35 floors, total 374 units
Unit size: from 448 to 1,118 sq. ft.
Bedroom: 1 bedroom, 2 bedrooms and 3 bedrooms
Architects: Page + Steele / IBI Group Architects
Expected completion: 2017 Summer

Omega on the Park Hong Kong Exhibition

Date: 18th - 19th April, 2015 (Sat - Sun)
Time: 11:00am - 7:00pm
Address: Concord Pacific Presentation Centre
7/F, 8 Wyndham Street, Central, Hong Kong
Phone: (852) 2334 0000
Whatsapp: (852) 9142 8000
Email: sales@concordpacific.com.hk
Website: http://www.concordpacific.com/

About Concord Pacific

Concord Pacific Developments Inc is Canada's largest community developer. It was formed in 1987 to develop Concord Pacific Place on the former Expo Lands in downtown Vancouver. In the late 90's, the group merged with the publicly listed Burcon Group, which controlled Oxford Properties who owned one of the largest office and retail portfolios in Canada. In the early 2000's, Concord Pacific became a separate public company and was subsequently privatized. Concord Pacific is now a private company active in the residential and commercial real estate investment and development business.

For more information, please contact:

Ms. Tiffany Cheung
Marketing and PR Manager,
Concord Pacific Presentation Centre
Tel: (852) 2334 0000
Mobile: (852) 9288 3940
Email: tiffany@concordpacific.com.hk

Source: Concord Pacific
Sectors: Daily Finance, Daily News