（By Liang Yueqin）
Many new projects are put on sale at market price, and most of them grab a large number of customers by their small-medium units that suit to young new buyers bringing much effect to the small cost property market in New Territories, plus with buyers wait and see the second hand property market expecting more negotiation space from owners, so the appointed visitings of indexing projects on weekend decrease.
There will be first hand projects launched this weekend which will be the market focus and attract many potential buyers, expressed by Bu Shaoming, the Director of Midland. The quantity of appointments for 15 second hand indexing projects in Hong Kong this weekend (Sep. 7th -8th) is about 1,075 which decreased 2.9% than of the last week being the lowest since the beginning of April including 22 weekends, according to the statistics from Midland.
The price is negotiable in Sha Tin.
The appointed visitings for 4 indexing projects in New Territories on weekend decreases again with quantity of about 243 which fell 1.2% by week because many new projects supplying favorable price launched in the same district. The appointed visiting quantity of Sha Tin City One is only 75 on this weekend which decreased 6.3% comparing with 80 on last weekend, which lead to some owners making concession on price at range of 3%-5%, so it is believed customers focus to first hand property will be attracted in future, expressed by Huang Jinhan from Midland.
50 indexing projects in Hong Kong received appointments from only 1,645 groups of customers on weekend which decreased 3.8% than last weekend's; The appointed visitings for ten large indexing projects is about 535 cases falling 6% by week, according to the estimation from the Research Department of Ricacorp Properties.
Potential buyers in New Territories turn to first hand property market.
The appointed visitings for properties in Hong Kong Island, Kowloon and New Territories on weekend all decrease with New Territories among lost the most potential customers, divided by districts. In fact, more potential buyers turn to first hand market because of the hot new projects in same district. 21 indexing projects in New Territories only have 585 groups of customers make appointed visiting on weekend which fall 5.6% than last weekend's. The visiting quantity of Chelsea Court among falls 25% which ranks first, and it falls 7%-14% in Sha Tin City One, YOHO TOWN and Kingswood Villas.
Centaline ten large housing projects only has appointments from 655 groups of customers which slightly rises 1.6% by week, but the number has been around the level of 700 groups for 7 weeks, which reflects the second hand large housing market is continue dull. Many new projects are put on sale at market price, most of which grab a large number of customers by their small-medium units that suit to young new buyers bringing much effect to the small cost property market in New Territories. Plus with buyers wait and see the second hand property market expecting more negotiation space from owners, while many owners do not make concession. These suppressed the second hand property market this month causing some large housing projects such as Sha Tin City One has no trading until now since this month. It is predicted the stalemate of second hand property market like this month will continue. Above pointed by Chen Yongjie, the President of Asian Pacific Region Residential Department of Centaline Property.
Two large new projects in New Territories were put on sale with opening price close to market level. Many customers from second hand property market were attracted causing the trading of second hand property in Hong Kong Island sharply decreased. Owners of Taikoo Shing are still strong on price with negotiable range only at 2%-3%, while buyers have small intention to buy, so there are only 2 cases of trading in that district, expressed by Zhao Hongyun from Centaline Property. The house visiting quantity on this weekend maintains at 60, while the available properties are 536 units with the usable area sq ft price at HKD 13,300. In Kowloon, Mei Foo Sun Chuen has 100 groups of customers visiting, but the stalemate is estimated to be continue because owners willing not to cut price on selling, pointed by Lin Jiajie from Centaline Property.
