The new properties sold 656 units during the Dragon Boat Festival holiday which have hit a 13 -years high record.
Hong Kong's Wen Wei Po (Reporter Chan Choi Sin) Cheung Kong's new large-scale property City Point in Tsuen Wan have put up for sale with the price 28-50% lower than the second-hand property prices,it have sold a total of first batch of 591 units,pushing up the market sentiment,during the Dragon Boat Festival three days holidays,so that the new property transacted with a total of 656 units,which have hit over 13 years new high record of newspaper statistics of Dragon Boat Festival,while the new property transactions volume hit a new high,it have stimulated the second-hand property transactions buoyant warmer , coupled with the government deregulation spicy trick double stamp duty (DSD) for flat period,just this past weekend and on Sunday,second-hand transaction also surged,the property market have a rare rebound in recent years.
City point sold a first batch of 591 units
Cheung Kong 's City Point in Tsuen Wan hot sale,the developers sale with big discounts are working.The developer launched out the first batch of 350 units on sale with the price 28-50% less than the second-hand property prices,of which it have launched out 241 extra units with the original price,namely the first sale of 591 units,as the developers provide a variety of benefits, such as selecting a payment method that is available together with send tax discount up to 15.75%,with the average real price of HKD $10,228 per sq.feet,making two rooms ( 483 feet ) discounted entrance fee of about HKD $4.51 million,28% lower than the admission fee of neighboring Vision City 2 room unit; 3 bed-rooms ( 694 square ft ) discounted admission about HKD $5.30 million and 4 room ( 902 feet ) entrance fee of about HKD $9.0 million,representing 38% and 50% respectively lower than the prices of 3-bedrooms units of Vision and Imperial Kay;4-bedrooms units are lower by about 31% and 40%.Therefore these units ultimately received more than 14,300 votes, the results on Saturday sold out 591 units within 9 hours ,cashed in over HKD $4 billion.
Cheung Kong Real Estate Investment Director Lai kai Man yesterday said that the group have launched the extra 354 units on sale on Saturday night,in order to calculate the price is expected to have about HKD $3 billion cash,coupled with a further announcement today or will launch an extra sales arrangements.He refers to discuss with MTR,Nan Fung in order to consider once again the matters of extra sales.
It is understood that the developers launched out the third price list on that night involved with a total of 354 units,the price ranged from HKD $5.432 million to HKD $1.3262 ten million,the prices ranging from HKD $9,714 to HKD $14,642 per sq.ft,with an average price of HKD $12,700 per sq ft.These units are launched on sale with an original price.Developers to maintain the original offer, providing up prices 15.75% discount. Meter to make all concessions,the unit with the lowest admission fee was located in Flat C,7/F,Tower 7,with the price of HKD $4.576 million.There are a total of 1,717 units in City Point,was the new property with the largest scale launched the sale by Cheung Kong since the implementation of first-hand property new legislation in April 29 last year.
Park Signature sold 27 units in the weekend
As for the other new properties,New World Development ( 0017 ) yesterday , said Park Signature have sold 27 units during the Dragon Boat Festival long weekend,involving 19 three- bedroom units,representing 70% of the turnover; buyers are mainly buying the unit in order to change their original property,which have reflected that the government spicy start a favorable exchange floor tide.Project between three-day weekend total cash of over HKD $1.50 billion.Sale items sold so far accumulated 1,206 units,representing more than 95% of salable units,cash of more than HKD $5.1 billion.
Consolidated government first-hand property transactions and market news, the weekend of first-hand property transaction sold 656 units,hit a new high record of 520 units which recorded in 2009,compared to the same period last year was only two transactions.City Point more boost overall trading atmosphere to heat up, the other first-hand property have recorded a total turnover of 44,except for Park Signature sold a total of 27 units,The Rise in Tsuen Wan have recorded 7 transactions,The Reach in Yuen Long sold 6 units and
Providence Bay in Tai Po and DOUBLE COVE in Ma On Shan have sold three units and one unit respectively.
City One tradings surged 7 times
After the government launched the '3D' spicy trick,the property transaction downturn,so City point have recorded hot sale was rare,but also to stimulate the property market as a whole.Centaline,president,Asia Pacific Residential Chan Wing Kit said that because there is a large new property in New Territories,so the sales was satisfactory,pushing up the market sentiment,some of the buyers returned to the secondary market,with the latest government also contributed to fine-tune the property quickly move spicy " turn " over a long period have accelerated the release of the purchasing power to stimulate large-scale second-hand housing estate transactions continued to accelerate .Second-hand property transactions volume stabilized in recent months,rose pattern,creating a property market rebound.
Centaline recorded Ten top housing estates over the weekend have 23 transactions,surged 77%e by week , by week the second highest volume of the year,the New Territories,which was most notable undercarriage,City One Shatin week rose by 700% the highest increase for the ten top housing estates , Kingswood Villas by week rose 200% and the new capital of South Horizons rose 100 percent and even the Dragon Boat Festival holiday three days a total of ten estates recorded 28 transactions.
