Government does not withdraw spicy recruit,the developers need to chase performance
Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum )Fed delayed the delisting time,the Government believes that having the next greater
risks and uncertainties,reiterating the property market risk management "3D" spicy tax can not withdraw. The industry believes that the new property sales in Hong Kong in the first half year decreased by 21 %,if the developers are selling properties this year to catch up with the target,and the Government agreed to expedite the approval uncompleted book but also with word ,estimated future there will have
at least ten thousand flats launched out in three months.New property's price was close to the market price,also with a large number of preferential sale,has set off a boom but the recent sales significantly slow,and there are a small amount of rescission appeared yesterday,Henderson 's new disc Xiao Shang Axed Price 7% clearance,involving up to 50 partners.The industry believes that the developers go for the sake of goods,pricing should increasingly conservative outside,does not exclude to continue to strive to break through price cuts and launch promotions.
Since the implementation of primary residential sales of new cases on April 29 nearly five months,th developers increasingly required to adapt to new regulations,coupled with the fast-track pre-sale consents,the new property accelerate the pace of sale,such as there are already four new properties in Yuen Long brewing up for sale,involving about 2,800 partners,including the sale of the New World Park Signature,fellow of Bo Luan and Hung Shui Kiu Project,as well as a new earth Seoul Luan,etc.,the region will face pressure on prices.
Indee ,faced with the recent slowdown in sales,as well as from time to time rescission cases,the developers have to face the reality Axed Price Clearance.Henderson 's Sham Shui Po Shan Xiao buildings split price 7% suddenly last night and re-launch the 50 partners,with an average price of $15,789 HKD per real feet,real feet 262 feet of a tenant admission $4.414 million HKD. Most of the units had put up for
sale in January of this year,which close to the real feet price of the same district Jin Ling unsold flats.
High Point reduced 7%,investment bank expect the price will fall 15%
CLSA yesterday,Wang Yan,head of real estate research also expect property prices in the next 18 months will fall 15 percents,rising interest rates is the biggest disadvantage .She was referring to the local bank deposits rising interest rates,rental yields no obvious advantages,investment properties are not very attractive,with a number of property " spicy move " and rising supply in the future,the next two years,the supply will increase 20-30% .
BEA's report also refers to the current high property prices,people can not afford,expected that in the next three years for property prices fell 22%, and maintain an annual household income of 3.5% increase in burden ratio will revert to a reasonable level.(New property split the price and investment bank's view B1 version)
From the developers point of view,it's no doubt that the major supplier is CKH.In fact,CKH selling properties result just recorded over $3.0 ten billion HKD,significantly behind its $ 3.0 hundred billion HKD sales target,but executive director Justin Chiu stressed target lowered unintentionally.In other words, Cheung Kong over the next three months need to sell their flats more than $2.5 hundred billion HKD in orderto the compliance, while "chase the performance" supply will come from the properties which waiting for the sales of paper Tai Fung Yuen,third period of Lohas Park in Tseung Kwan O and Tsuen Wan Universal, 3 properties have involved in 4,715 partners.
As for the other developers,New World plans to launch in the second-half of year,involving 2,000 partners.Henderson also plans to launch five new properties in the rest of the year,involving nearly 1,000 partners.Another major developers earth,the next nine months will push the sale of five new properties,at least 1,900 units.If at the same time the supply of "compete" with one hand as well as second-hand property prices inevitable adjustments.(See annex of the developers launch the properties scheme)
Midland Realty chief analyst Buggle Lau said the implementation of the first-hand sales regulations since April 29,the market need some time
to adapt,in recent months have seen,the Lands Department speed up the approval of pre-sale consents,coupled with the first half of this
year,sales of the new properties only 4,400 cases,fell 21%,the developers are also close to the asking price or lower than the second-hand price of second-hand property's price and offer various incentives to stimulate buying interest,is expected to attract buyers with purchasing power out.
Driven by home users,so they are sensitive about the price
However,he added that under the new legislation limits,such as the current market conditions hardly ever sold 1,000 to 2,000 units per month,a gradual warming trend from the winter warmer.He said,3D heavy taxes,the current market is dominated by the home users,investors have been greatly reduced,with the home users to the price sensitivity is quite high,an increase will cause them to step back,so the next period of time,the new property's asking price need to restraint in order to attract customers,even dare not to increase the price on extra launch.
