39 Conduit Road have first Foreclosure

"The King of Asia House" perish ATM mainland visitors on by pressing the down payment

emerged in recent luxury market, "Choi Chai goods", "The King of Asia House" is now the first day of the Meeting finally repossessed real estate, real estate super-ho also reported the "fall" of the property market sounded a serious alarm. The middle building B room later this month through auctioneers reserve price of $98 million, compared with the end of 2013 from about $135 million to buy low price of $ 37 million or 27.4%. Units held in the name of the company, the company also holds a secondary listing with the main Foreclosure same storey room A, company directors, including mainland passport holders Yin Cong, the same year he bought the Shun Tak Centre Unit also become repossessed real estate, also last month was auctioned.

Mid-West super luxury property day exchange, due to the end of the year recorded a price per square foot of more than $10 million transactions, while "The King of Asia House" reputation, but a lapse of less than six months, the real estate will have its first repossessed real estate, the property market six months Room experience "rainbow night." Century 21 surveyors will be launched on March 28 auction 26 projects, so second-day Meeting Room B, the middle Foreclosure project the largest denomination. Property salable area of ​​2,476 sq ft, with four bedrooms and two living genera interval, together with the introduction of vacant spaces to offer terms, price per square foot $39,580.

Banks soften the attitude by web meeting

The bank director Tsai Han Sheng said that the building project is the first primary silver project, there is no precedent for reference, the reserve price is set at about two percent lower than the valuation level half. He described the recent months of our five major banks attitude has put soft trend, now part of repossessed real estate market on the agenda since last October, ranging from one percent expanded the existing three percent view to marketing repossessed goods, so in recent months, silver main auction "comes and goes fast," and that this tightening of the property and the HKMA earlier arrived by not unrelated, so repossessed or financial institutions hold stocks under pressure.

Land Registry data show that now Owners by the end of 2013 nearly $135 million to buy the unit, registered in Liansheng property development company under the name of, and after the unit arrived by borrowing up to 3 times, one of which relates to second mortgages amounting to $ 20 million, for the last time in June last year against the press Ask Jiaotongyinhang Shen press. According to the Companies Registry information, including company directors Yin Tsung, residence registration Tianjin, mainland passport holders; the other directors Chen Huirong, residence registration Tsing Yi. Market sources, the owners pay no further contributions after the first phase, and finally took the silver master.

3 cargo company Zha was 2 Property repossession

Search of market information, Yin Shi was held by a number of properties in Hong Kong, hundreds quadrillion sound. Chen Yin's and currently holds the chamber A silver this time the main floor of the same real estate, the same 2,476 feet of salable area, at the end of 2013 to more than $135 million to buy. In the same year, Yin Shi and through the "Buy Company" form, following 02 to 05 rooms middle Shun Tak Centre, involving floor 6,830 feet, when the message refers to a price of about $123 million. And after the suspect due to insolvency, the office properties become repossessed real estate, and the supremacy month price nearly $115 million changed hands, low price of Jin Yicheng. Yinshi same year bought three properties, silver has been reduced to two main cargo.

DBS: prices will be "dry"

Judging from recent months, the main real estate luxury market silver emerged, there have been many silver main initiative Clearance wherein Ap Lei Chau Shenzhen Bay 9 thousand feet a practical middle households, the property was arrived by up to 11 times, the final suspect "by explosion pot "took over the main silver, silver main beginning of this year 39 million bid, the main silver latest initiative Save $ 4 million to $ 35 million to attract buyers, a reduction of one percent. The auction will be launched next week Tai Po Beverly Hills a detached house, the asking price of $ 18 million from last month greatly reduced 14% to $ 15.5 million; in 2007, the owners of about $1,863 ten thousand to buy, if to shooting price, the book has depreciated by $3.13 million.

Luxury real estate "fall" of the property market sounded the alarm. DBS Hong Kong economist Lu Mingli said yesterday, our economy weaker, hidden job market, estimated that this year prices will fall by one percent, but that will not appear "collapse Property Type" drop only "dry", but Penny House decline rapidly.

She believes that the market has already priced in US interest rates factors, the trend of the property market will depend on the external economic situation, the next two to three years, property prices will fall or half a percent to one percent per year.

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