Hong Kong's Wen Wei Po News (reporter Ngan Lun Lok) Some of the new properties bearing on "straitjacket",as the legislation carried out together with "first-hand residential property sales Regulation",one said that the first-hand property market appears a scarce supply,and the another one said that the market appears a strange phenomenon of some of the properties are refused to release.Newspaper statistics, the new legislation carried out more than a month,there are only three sale of new properties have released on the market,a total turnover of 73 partners.And some worse cases like the latest pending sales of paper up to 14,975 units of partnership,there was in the fourth consecutive rising month,it recorded a new high in recent ten years,reflecting there are a huge backlog of new properties are still waiting to release,can be described as "wait until the flowers have wilted."The industry believes that the new legislation to be put up for sale under the new properties,"vacuum" is bound to continue in this month,the prices was hardly expected to have the adjustment of downwards due to less turnover.
As the new government introduced a number of spicy strokes,such as buyers stamp duty,doubled-stamp duty,with the HKMA to tighten mortgage,bank mortgage rate changes and other factors,tradings on regardless the primary property or second-hand property showed a situation of 'only fell,not rising'in recent months.Especially among the new property market,after the implementation of the rehabilitation case sales,it sank afford more,as more than a month in the past,is still only three launch of sales of the new properties released successfully,included DUNBAR PLACE,THE AVERY,Morrison,but sales altogether were unsatisfactory,sold a total of only 73 partners.
Sale-Broche of unsold flats haven't been updated yet,so it's the reason why it still not release on the market
Even with the deployment of multiple new properties on sale recently,but most of all did not meet the requirements of the new legislation because of different reasons,so it delayed the release ultimately.The industry refers to as the current new properties are in a"transitional period" of adapting to the new legislation,so it lead all the sales of the unsold flats and new properties can't released as expected.What is more worrying is that the number of the unmarketable of new properties are keep on rising,while the government announced pending pre-sale consents plate number was as high as 14,975 new partners yesterday,it hit a new high record,which means the backlog of more and more on the market for sale of the new properties,it was forecast to have a "explosion of property market"in the next season.
According to information on the Lands Department,only grant one uncompleted residential property sales in May,for the World's Yuen Long The Woodsville,involved 236 units,over the same period for pre-file of the site is also only one though,but it belongs to a large project under Cheung Kong's Upa Tsuen Wan,providing 1,717 partners,expected December 31, 2014 was completed.One plus one minus,the pending sale of 14,975 units have recorded last month,rose 11% on a monthly basis for the post-October 2002 Decade and a half high.
Approval of the gush supply of the new properties encountered bottlenecks
Insiders allege that as a new case with one hand and pre-sale consents issued an updated version was completed at the end of last month,therefore the Pre-sale consents are significantly slower pace in these recent months.Coupled with the government in 2010 began to increase land supply this year,also entered the "harvest period",it was not difficult to find out that while the new applications for uncompleted flats are rising in the first five months of this year,the number of approval of the units reduced,two trend of the opposite. According to statistics,there are about 4,377 new applications of the new uncompleted flats have recorded in the first five months of this year,compared to the same period last year 3,161 partners surged 38.5% ;also the number of units which were approved earlier this year had only 1,521 partners,compare with 2,584 flats which recorded last year,it fall 41.1%.Due to the fact that the launch of sales of new properties should comply with new regulations,which means the sale-broche of the property should release before 7 days of the sales,release the price list before three days of the sales,also the content of the sale-broche must comply with the new legislation,so it was estimated that some new properties still can't be put up for sale in this month.Buyers who wants to buy new property should wait until July.
The industry expected the supply of new properties will rise significantly in the second half year
Midland Realty chief analyst Lau KaFai said the government should speed up the pace of approval of uncompleted flats,in order to avoid the situation of "vacuum" in the supply of the first-hand market,also can used to make up for the inadequacy of the supply of second-hand market,it'll stabilize the property market.If the approval to accelerate the pace of uncompleted flats,the partner of nearly five projects will have been approved too,so it was expected the supply of new properties in the second half will rise significantly.In addition,government documents released,the cooperation between New World and Wheelock 's development projects Austin MTR Station Site C, will be named "The Austin."
