Thunder: Less specialty units, price differences were narrowed PPSF
Article from The government launched spicy trick against property, Sun Hung Kai Properties (0016) has also the introduction of a new sales market buyers structural change deployment to resolve spicy strokes. The SHK Deputy Managing Director of Thunder, said yesterday that the PPSF price of the project including the margin narrowed to reduce the amount of the special units and area the average allocation unit attractive.
The Thunder point out spicy move has paid off, the market, that is, when the cooling influence of developers and property market, the measures adversely developers operating, but it made users more choices, the new government and social harmony, more social benefits, so we definitely agree that the new measures.
Said the spicy measure is effective for user-based market
Number of the property market measures introduced by the government, he said, will be made in the next Group selling properties, design changes, including the price and the selling price of the feet margin narrowed For example, if the Wings a PPSF between $ 7,000 to 3 million, two units of feet price will be $ 8,000 to $ 1.8 million; the Wings a price ranging from $ 6 million to $ 30 million, two-unit price will be narrowed to between 7,000,000 $ 8.0 million mainly, he stressed that although the price range is narrowed, but not equal to the fall in property prices.
In addition, since under the spicy strokes, the property market will use the home market and therefore on the future design of the property, the amount of special units and area reduction. He explained that in the past, such as the general area of the penthouse larger, better materials and design, under the new legislation, would tend to be attractive to the average allocation, the special unit will be designed not very attractive form of debut.
The people of Hong Kong in Hong Kong on the private property market impact of micro-
Limit ft of limited, he described as the "King Kong cover numerous restrictions on developers in terms of degrees of freedom is very low, only 10-20% of the developers design their own. The contrary, if the current unlimited, developers will also take into account market conditions, will provide more small units. As for the acquisition of old buildings, the majority of the Group's ownership has been close to 95%, so the impact is smaller, I believe the other speed and thus slow down the development of the acquisition of old buildings. The contrary, the people of Hong Kong in Hong Kong to have minimal impact on the private property market.
As for the imminent implementation of new cases of hand, he said, so that the burden on developers to increase community increase transparency and the buyer the right to know, but can make buyers into the market before fully consider the good of society as a whole, and the next day the sale Jin the Ⅱ consider part of the sale of flats details will enforce the new legislation. Group will not be selling properties, the introduction of new legislation to sell the current House, will still maintain the floor on sell "strategy, but estimated that small and medium-sized developers tend to sell the existing floor. To recruit more staff in one hand and the new disc, competitive line salespeople tend to increase in-house training manpower.
This fiscal year, the sales proceeds worse than last year
Property market trend, he expected, spicy strokes under inevitably will fall overall volume, it is estimated that the volume will decline in the first quarter of next year, the second quarter, the market began to digest and rebound in trading volume, the expected annual turnover will be slightly next year fell by 5-10%. And property prices is bullish, the increases were not as good as this year, anxious, but also a rise of 5-10%, mainly due to interest rates at historic lows, while the rent increases will beat inflation, the fastest of them by small and medium-sized property increases, the market rent to buy those more generally, although the impact by BSD Mainland buyers will be reduced, but local buyers of assets transferred the property market continued, next year will focus on the home market, property prices support.
He also said that the Group for the previous financial year, the sales revenue reached 38 billion HKD, a record high this year, by the impact of the new measures, the results will be affected, since July, the Group's sales revenue of about 100 billion over the next six months will launch a the Yuen Long RESIDENCE reputation. 88 Wings II, Tseung Kwan O, West Belcher Street project, Tuen Mun Long Gate two the Sheung Shui Severn, hope can be recovered in the first half lost ground. But I believe that even if the government has yet to publish spicy strokes, the proceeds of sale of the Group for the year will not, such as the previous fiscal year and more.
