Hong Kong's Wen Wei Po (Reporter So Hung Chung) Government response to small and medium sized property prices soaring, the HKMA earlier re-introduce three new spicy trick to raise the threshold to enter the market, so as to cool down the property market. However, strong demand for home market, coupled with the major developers to provide countermeasures for homebuyers home, so that they can get on with limited funds, so that within two days, Saturday and Sunday up to 11 new residential projects which involved in more than 500 units which attracted more customers. After the launch of the first new spicy trick, a large new residential project La Lumiere in Hung Hom yesterday sold out 108 units within 1.5 hours,along with otherunits in the sale, at least one-day market to absorb more than 298 units.The developer said the recent increasing social conflicts sigh with emotion, Message, "The more people have their homes, society will more stable."
HKMA have moves again to tighten purchasers LTV heavier burden on second mortgages, but the first Saturday after the implementation of moves,the new properties recorded hot sale,of which La Lumiere in Hung Hom as the first new project after the implementation of spicy moves for the Year of the Ram and the first gun. The first day of 108 units is eligible to undertaken by the buyers,recorded hot sale,an estimated market value of about HKD $8.60 billion.Market sources, the residential project on Friday intercepted a thousand votes, more than 10 times oversubscribed.
Intends to have extra sale with price increase within days
The single-block project development by CKH, Group Executive Director Justin Chiu said that the HKMA to tighten the second mortgage, no impact on the Group's deployment of the property sales, but also considers the measures aimed at maintaining the financial stability of Hong Kong is very important, so absolutely support . He Message "The more people have their homes, society will more stable," and hope to help more people upstairs. And refers to the day of sale of the new residential project, buyers generally more powerful, it is estimated there are not many people choose the structure of the mortgage. As for Hemera in Tseung Kwan O market caused thousands of units,which was the residential project of the group which ready to put up for sale. Registration deadline pleasing in the morning, 11:00 ballot, market news that the residential project La Lumiere on sale within 1.5 hours will be fully eligible to subscribe for 108 units The developer said the proposed increase pushed the short term, they believe there is upside existing price list, more news will be announced within a few days.
The residential project corresponding "add spicy" partnering finance company launched the "90% mortgages " program, but the scene yesterday at the sales office of the plan adopted Write to find buyers.Of which buyers Mrs.Wong said directed by tightening second mortgages had no effect on hew own: "! Full pay are no problems," there are still buyer have chosen 60% mortgages as well.
Second-hand property tradings have frozen which is difficult to reverse within the short-term period of time
Midland Realty Chief Executive Officer of Residential Department Pu Siu Ming said,yesterday the new property market involves the type of units from the mansion to supply all kinds of small and medium sized, suitable for all types of customers. Hung Hom new residential projects,its customer attendance rate of about 75%, which occupied half and half and investors to Kowloon customer satisfaction. By the impact of the new residential property sales and spicy trick,to freeze the second-hand property market conditions in the region, only last for about one week in the region recorded a turnover of approximately one, compared with the normal general recorded 5-10 marked down,it is believed that it is difficult to reverse within the short-term period of time.
Centaline Asia Pacific president, Mr Chan refers to the attendance rates from the group about two-thirds of its customers,as the 2-bedrooms units with the admission fee in Kowloon is higher than similar properties in the New Territories,so it is estimated to the buyer’s budget was much higher and there are not much buyers will be chosen second mortgages.
5 new residential projects launched out a total of 39 units today
In addition, after a number of residential projects have put up for sale yesterday, and the volume of the new residential property sales have fell todaty, single-day total of 39 new residential units to sell. Cheung Kong's Mont Vert in Tai Po accounted for 18 units,includes HKF development partners Fanling The Morrison which involved in 6 units, High One Grand in Cheung Sha Wan by Henderson land which involved in six units,luxury residential project The Harbourside in the West Kowloon which involved in five units,as well as 339 TAI HANG ROAD which developed by Lai Sun Group involved in 4 units.
