（By Liang Yueqin）
First hand property sale was dull with only 13 units sold on Buddha's Birthday yesterday since there is lack of large new project in the market, although the number is higher than 1 unit sold from Green Code in Fanling on last Buddha's Birthday, but it still is in low level.
There mostly were still stocked projects being put on sale yesterday, while only Lee Shau-kee's service style residence Harbour Pinnacle in Tsim Sha Tsui is new project, and market source told 1 unit in room F of Harbour Pinnacle was reserved. Source pointed, yesterday, there were only about more than 60 groups of visitors arrived to the ready sample flat of Harbour Pinnacle, less than visitors on first day of May Day holiday, although there were mainland customers on the site, but mostly were still Hong Kong local people.
13 units sold on single day in the whole Hong Kong area.
The project had most transactions yesterday is The Avenue 1 (building 5) in Wan Chai developed by Hopewell, Sino and URA (Urban Renewal Authority), which sold 5 units including one room units and two rooms units, and one group of family spent more than HKD 21 million to buy 2 middle floor units (in 15th and 16th floor) room H in usable area of 522 sq ft, with usable area sq ft price respectively at HKD 19,317 and HKD 19,423. Visitors were 30% more than of weekend on single day, reflecting buyers have higher purchasing intention for self occupation and investment, expressed by Tian Zhaoyuan, the Sales Associate Director of Sino.
As for New World's Park Signature in Yuen Long, it sold 1 unit yesterday, which is four rooms unit room 22A in building 6 including parking place, and the sale price was HKD 9.787 million, up to the peak of the project. Until yesterday, Park Signature had registered 12 transactions in May; This project has sold 1117 units since it opened in last August, which are more than 93% of the available units, and it had brought in more than HKD 4.6 billion. About other new projects, The Visionary in Tung Chung sold 2 units, while Double Cove in Ma On Shan, the Rise in Tsuen Wan, Chatham Gate in Hung Hom, The Summa in Midlevels West and Harmony Place in Shau Kei Wan each sold 1 unit.
Bu Shaoming: Lack of focused project.
The market is lack of focused project, so first hand property sale was dull on Buddha's Birthday, expressed by Bu Shaoming, the Residential Department Chief Executive Officer of Midland.
This group took advantage of May Day holiday to organize mainland customers visiting Hong Kong new projects, but there hasn't any mainland customer purchasing Hong Kong first hand property until yesterday. Reviewing property market in May, he expressed, it depends on if or not there will be new projects being launched, and second hand property price will be suppressed if there are large first hand projects coming out and they are put on sale at or under market price, then the second hand property transactions will decrease.
On last Buddha's Birthday, only Green Code in Fanling and DUNBAR PLACE in Ho Man Tin were available because developers needed to adapt to the Residential Properties (First-hand Sales) Ordinance which was just took effect, and only 1 unit from Green Code sold that day.
