Buying properties are always an important investment in Hong Kong people's life, the past two decades,the developers and government to make the process more orderly selling properties,fair and transparent,taking various measures,first-served basis from the previous queuing for sale,evolution to a computer ballot, as well as to send the property sales to agents for promotion.Developers selling properties methods can be described with the "change",but the same,still seems to be 'buyers still can't buy their own property due to the high property prices'.
"Queuing" becomes a business which have got underworld involved in it
The developers have adopted different forms of sale of flats methods over the years,in the late 1980s,the new properties on sale in form of queuing and first-come first-sale criteria in flat panel and many prospective buyers have to pay more to this end into the night queuing for sale and queuing became a business, moving forward position Zhe in yuan terms.Until the nineties,because of "queue party" rampant,was once "straw party" triad involvement, etc., in the community of criticism, sleeping in the streets for several days waiting in line in flat mode, then became the mode of come for registration first and then choose flat.
Converted to computer balloting but causing the trend of selling chips
Subsequently, he Government has repeatedly met with the developers, in the late nineties,a new way of choosing new property's flats have converted to computer balloting,can be regarded as the year's most anticipated East Point City,Tseung Kwan O and Villa Esplanada in Tsing Yi which on sale in 1997.
East Point is then obtained from the prospective buyers only developers into the ticket application form and registration must line up about three hours,the results of the subscription registration plate attracted 27,132,the total number of registered after CKH Kingswood Locwood of 30,800 people registered their total income of up to HKD $9.496 ten billion,a record of our new site subscription registration to freeze funds up to a record. As for Tsing Yi Villa Esplanada same year was recorded 30,400 votes registered.
In fact, the peak of the property market before 1997,all the people speculation of the new properties,some of the new properties number from the previous subscription ticket (commonly known as "chips"), more traditional fried chips at up to several tens of thousands of ten million and even pass the news of Luxury Homes in nearly one million individual fried chips price.
The property sales will be delivered to the agencies in order to speed up the sales during the dull market condition
However,with the Asian financial crisis and the government launched the "eighty-five thousand" policy, Hong Kong's property market has experienced nearly a decade of continuous dull condition, the developer's way of selling properties, increased from the computer pick lottery floor,simplifying the agent sent to developers When the goods and then by various units respectively, with correspondent Wish for matching buyers of real estate units, such as the SHKP Park Island Ma Wan and Cheung Tai Wai city just opened the sales,the sales methods was delivered the property sales to the agencies in order to speed up the sales .
And in order to attract media coverage,the developers will manufacture celebrity, that is to arrange social celebrities,celebrities and well-known speculators flat inspection, sale, and whether these give discounts unknown.Had the media uncovered a developer to buy the unit after a certain artist,then a price of one yuan price of parking millions of dollars transferred to the artist.The speculators into the market can create a "real water level can be fried." Impression.
The property sales rather sell in form of "squirt toothpaste." after the implementation of new legislation
Before the implementation of first-hand residential property legislation,some developers still use the way to the valley through the night selling properties, offered for sale in Tseung Kwan O 2008 CKH capital on a late sell more than 2,000 units. In April last year after the implementation of the new first-hand residential property legislation, developers selling properties misleading if involved,should be held criminally liable, and also announced three days earlier price lists, sales time is slower than in the past, a night scene partners to sell more than 2,000 have been difficult reproduce. However, the market has emerged known as "squirt toothpaste" style "starvation" mode selling properties that developers push only a few units each, creating a stock market phenomenon, coupled with inflated ticket manufactured easily exaggerated "oversubscribed" multiple .
Bureau spokesman sales supervisor "squirt toothpaste" type property sales inquiry, said that strengthening the transparency and fairness of the Ordinance hand sales, as well as flexibility to allow the seller to make business decisions and legally dispose of its property assets,between the two,strike a reasonable balance. Regulations require the seller to provide at least the information required by the law of property prices in each price list within,let the buyer as much as possible to grasp the situation.As to when the seller put up for sale and the number of its own to push the sale of residential, commercial decisions,not Bill ambit,so "squirt toothpaste" type selling properties is not illegal.
