First 10 months total 6845 converting decline in property prices
Article from Although the Government has also been actively pushed to the ground, but the construction time required. The latest data of the Buildings Department, in October the completion of the 717 partners of private residential greatly reduced 75% on a monthly basis, the first 10 months of total completed units only 6,845 partners, with the government's original forecast of 11,888 partners a difference of $ 5,043 partners, is expected to be completed this year amount difficult standards, only about 8,800 to 9,000 partners completed, Wan partners, the same as last year. The property market is hot, but the supply is seriously lagging behind the fear still tend to rise in property prices rather than going down.
Buildings Department announced yesterday, there are only three private residential projects in October, a total of 717 gang units completed, the number dropped 75 percent compared with the 2,851 partners in September. And integrated in the first 10 months of figures, the cumulative amount of private homes completed only 6,845 partners, a slight increase of 0.2% compared to the same period last year 6,833 partners, and only 58% of the Government anticipated. Ricacorp Properties head of research at week full Jie said that figure is a serious deviation from should progress almost certainly private home completions this year, only about 8,800 partners.
Industry estimates all year 9,000 partners completed
It is understood that, on completion of three projects, including Hung Hom liter Imperial Gate (334 partners), King Yee, Sham Shui Po, peak (208 partners) and Yuk Yat Street, (175 partners).
Although left two months of this year, during completions may change, but look back to the commencement of work for the period 2008-2010, and have the opportunity to formally completed during the year, large-scale projects only Xindi shelters Long, Tuen Mun door Zhou pointed full Jie ( 1,075 gang), plus on a number of small and medium-sized projects, estimates completions this year, only about 8,800 partners and 9,000 partners and 11,888 partners representing the value of the Government's preliminary budget reduced by 25%.
Midland Realty chief analyst Liu Jiahui also expected, the completions low this year, is showing the early years of land supply is not the case, I believe that ultimately difficult standards. The other hand, October 6 project started, but are considered small-scale projects, providing a total of only 300 partners, 73% less on a monthly basis. However, the first 10 months of this year, a total of over 13,696 units. Even after Tsing Yi MHPP project 988 partners, the number of units in private flats still amounted to 12,708 partners and the highest it has been five years a new high.
Reflect the consequences of lack of supply of land
In addition, the Department is October granted 17 plan, which SHKP Tai Wai Heung Fan Liu land grant significant amendment plan, site in September last year approved plans can be built on four 26-30 storey (with Flat 2 basement), but After revision, the latest build five residential instead, also 2 basement, the construction of 16-27 layers residential floor by the past 521,000 square feet, an increase of approximately more than 40,000 square feet to 561,397 square feet.
Henderson's Main Street, Ap Lei Chau, No. 62-72, will be merged reconstruction, quasi-build a 28-storey commercial and residential buildings, residential floor of about 45,831 square feet, about 3,663 square feet of non-residential. The National Electronics 45 Tai Tam Road quasi seven-storey residential construction in the basement, about 29,269 square feet of residential floor. Yuexiu Property's the Tuen Mun Campbell Court approved the construction of a four-storey residential, residential floor 15,469 square feet.
Soundwill's Mosque Street 14 to the 18th, the quasi in 1 layer on the ground to build a 27-storey commercial and residential buildings, residential floor 44,040 square feet, 5,562 square feet of non-residential. Fellow Jianhua Street 57 and the security barrier Street No. 66, be allowed to build a 28-storey stratified residential and a 1-storey commercial property, residential floor 31,171 square feet, 1,800 square feet of non-residential.
