Hong Kong's Wen Wei Po News ( Reporter Fong Choi Yan) First-hand new property battle keep moving on,launching new property sales with
preferential prices and with a number of discounts in order to attract buyers,so that the purchasing power have been robbed from the secondary market,cause the tradings continued quiet.This past Saturday and Sunday two days holiday,Ricacorp ten indicators estate recorded only eight transactions,fell by 11% weekly; AP ten-top housing estates recorded four transactions only,fell 55.6% by week.Although the Centraline Ten-Top housing estates turnovers rose 50 percent to 12 transactions,but mostly discounted deal.The tradings of the market continues to see-saw,while the lease cases of secondary market increased.
Ricacorp president Liu Wai Kung pointed out that the volume of transactions " stop rising and start falling " mainly because of the developers to restrain pricing launch out the sales,snatched the purchasing power,so that secondary trading atrophy,coupled with the government said that they do not withdraw " spicy moves ",so that buyers wait and see property prices mentality strengthened,and some owners do not want to discount the price,so that both parties were stalemate caused the volume of transactions on secondary market dropped in a serious stalemate.
Buyers have the mentality of the property prices will fall soon
According Ricadata show,the HK Island still have satisfactory results,Taikoo Shing,Kornhill other estates increased the turnovers,but the volume of turnover hovering 1-2 cases level ;Kowloon relatively pale,turnover fell 50% by week,Laguna City and Metro City Plaza only record a transaction respectively,the New Territories Kingswood Villas recorded two transactions.The Whampoa Garden,Mei Foo Sun Chuen,Shatin and Caribbean Coast four estates have " no transaction " recorded.AP regard,Hong Kong Island,ten estates in full zero turnover,Kowloon minus 50% by week only Whampoa Garden and Metro City recorded a turnover respectively, Shatin City One propped up the New Territories recorded two transactions,but still fall 50% by week.
First-hand properties fierce fighting,the government does not consider of withdraw the spicy legislation,unabated spicy and under the haze of the Federal Reserve meeting on interest rates this week,secondary market then into a tasteless,some owners began to cast aside sale.Central branch manager Lee Chi Ho means the market recently contributed to Gloucester Flat A,Upper Floor transaction,salable area of 672 square feet,two atrial septum, the original owners have been put the unit on sale for some time,but there are so much similar units,and the owners anxious to cash,and finally agreed to offer $2.38 ten million HKD,greatly reduced $2.8 million HKD to $2.1 ten million HKD,a reduction of 12%,equivalent to $31,250 HKD practical ft,slightly lower than market price.Original owners in April 2011 to $1,941.5 ten
million HKD into the market,changed hand and the book profit of $1,585,000 HKD,net ofadministrative expenses is expected to leave only a tie.
Westlands Gardens three bedrooms units discounted $1.1 million and sold
Centraline,deputy regional sales manager Yeung Man Kit refers,Westlands Gardens Flat 1,Lower/F,Block E traded recently,salable area of 848 sq ft,three-bedroom suites interval does not include parking spaces,the original owners asking price of $9.5 million,willing to let sale,so discounted $1.10 million HKD for $8.4 million HKD and sold,equivalent practical ft $9,906 HKD.
The secondary market have a poor market condition,so the rental cases increases,but need to expand the proposed sites to attract customers,there are leasing transaction which located in Parc Oasis Flat E,Upper Floor,Tower 26,Saleable area of 560 square feet,three bedrooms interval.Owners in July to $26,000 HKD for leasing,rent reduction prior to $4000 HKD to $22,000 HKD rental units proposed increase of 15.4% saleable Ft Rent $39.3 HKD.Owners in December 1998 to $3.828 million HKD acquisition of property,rental yield of 6.9% per annum.
With WF triggered off boom receded HOS,HOS should also discounted.AP recently contributed to the HOS in Sha Tin Yu Chui Court Room 3,Middle Floor,Block H,about $4.1 million HKD of foreign passengers to undertake in the free market and need to pay about $815,000 HKD doubled-spicy taxs.Saleable area of approximately 517 sq ft, ft salable area of approximately $7,930 HKD.The buyer see the owner is willing discount $400,000 HKD,and also love the Sha Tin District,so he is willing to undertake it for his own use even if he need to pay DSD and BSD.
