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sale before the new rules set off, flat clearance till mid-night

Squarefoot Editor  2013-04-29  #Tips For Transaction
Individual unsold flats split price in large range Article from "Primary residential property sales Ordinance implemented today, many developers as" final push "in the past two days, many new flat" exception "to sell to the early hours of the morning, in particular, only 1 flat to flat super cargo late "stroke." The news that, the SHK Tuen Mun Avignon unit sharply split the price of nearly two sell. Although the real estate "stroke to make, but the lukewarm market response, pays the bill count, the implementation of the new legislation before the final on Saturday and Sunday as many as 25 new flat turnover, an increase of 24% on a weekly basis, but a total of only 79 flats, no discounted the tide of looting goods. Implementation of new cases today, only two new disk as of last Friday to the first-hand sales Authority submitted a new Loushu, price lists, sales arrangements, in line with legislation for sale, new flat "today forced to "suspend the sale. In other words, the next week, the new flat sales will go into a "vacuum", the market is also closely monitored the past few days further information on the new disk was to hand sales Authority, or "vacuum" may be more a week. In order to grasp the last bulk opportunities, many developers "an exception" to extend the sale of flats time. Midland Realty director of cloth Shao-ming said that the new flat yesterday "sale of flats to the middle of the night", for example, refers to, Chinachem Tsuen Wan Yu Tao. Kai Tao, Sino Land the Tai Po talent Gulf and BALMORAL, New World Tai Wai Riverpark, made it clear early in the morning to sell to 12:00 midnight. He said: "developers means that as long as a guest want to buy a flat, early in the morning before the signing, we will send the agent in the field." Plus commission to sell, sales talent to 4.5% The property market was quiet, cloth less confessed, In addition to the discounted sale of the flats, the developer would also improve the agency commission for incentives, in order to speed Put unsold. Gulf of talent agency commission as high as 4.5%, Riverpark also increased to 3.5%. However, the of such unsold units more new disk up to improve the commission, the real price reductions, most of those only a very small amount of goods late. Comprehensive market information, the past two days the new flat to grasp the "last chance" bulk, especially more than 1 flat to 2 flat "super cargo late" more aggressive (see table), so as a result of the new legislation to be re-printed Built Broche, price lists, etc., and additional administrative and promotional expenses. Statistics two days of data, and ultimately as many as 25 new flat recorded a turnover of about 10-15 of them have been selling properties, more than one year, belong to the "super cargo End", individual new flat for the bulk hack price of up to two percent. A short time the new flat rallied together to split the price, the situation rarely seen in recent years. However, the new flat discounts to attract buyers, but full of negative news in the property market, the discount is not fully stimulate buyers enter the market sentiment, 25 new flat recorded a total turnover of 79, compared to 60 last weekend, only to increase 31%. The Tuen Mun Avignon decrease 20% Refers to sources, the highest decrease among Tuen Mun AVIGNON 2 A Middle Floor, salable area of 2,085 sq ft, was sold for $ 33.3 million yesterday, Price Range $ 15,971, after the developers intention is 4,065 HKD, so the representing a decrease of 18.08%. New World with the URA development Tsim Sha Tsui Masterpiece, the city passed high-level D units sold of $ 6,680 million, Saleable area of 1,713 sq ft, ft price of 38,996 HKD, the original intention of the developers $ 80 million, a decrease also 16.5%. Peak One in Sha Tin, also recorded a significant split price of the transaction, the agent revealed involving two C Upper Floor, practical and 1,206 feet and has approximately 907 feet of the roof, with three parking spaces, developers had been asking price of about 23,184 HKD per square foot, now Clearance per square foot of $ 20,520, representing a decrease of approximately 11.5%, prices of around $ 24.7 million.
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