Free of taxes in order to anti-spicy,sold 700 units in two weeks
Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum ,Fong Choi Yan )Property spicy trick has been introduced for at least 1 year,with first-hand sales of new cases this year on April 29 came into force,the first-hand sales progress suffered distress,until recently the West Kowloon The Cullinan free of taxes moves attracted more than 2,000 votes;same district tHE AUSTIN more exaggerated,received more than 2,700 votes,topped the one hand and the new case after new ticket king,two properties units were all sold-out.Other developers have also imitated,have to free of taxes in order to anti-spicy,with discounted price close to hand even lower than the price of second-hand for sale,succeeded in breaking new property doldrums,so the past few 2 Monday hand building has been sold more than 706 partners,is rare in recent years,the rapid cash $1.093 hundred billion HKD.Single-handedly sell a large package also sucked Used tourists,so second-hand property market turnover continued to shrink and accelerate downward.
Government repeated moves,especially the "3D" heavy taxes ( ie SSD (SSD),buyer stamp duty (BSD) and double stamp duty (DSD)) so that developers are most headaches,mainland visitors and investors greatly reduced,with the home market sentiment cautious,the developers who held over 10,000 units must think before in order to sell all their flats,discounted in order to anti spicy become the only way,the developers are playing out the numerous offers,rebates and discounts to discounted prices,price per square foot portion of the new property used price close to the secondary price of the same area,and some even lower over second-hand price.
The Long Beach unit price cheaper than the second-hand price
In recent trigger " line storm " of Olympic Station Long Beach,for example,yesterday its updated price lists,discounted price per square foot after it had secondary level.Long Beach has earlier introduced 366 partners,with an average price of $16,487 HKD foot,the day before the first batch of 80 full partnership units sold,according to the property yesterday's price list updates is calculated in,units of Flat C,5/F,Tower 8,priced at $7.653 million HKD,Saleable area 559 sq ft,practical average Price $13,691 hkd,if by up to 16% discount,admission $6.429 million HKD,discounted to $11,500 per sq ft price.According to the Central Plains data,with estates Long Beach Tower 3 second-hand price,usable area 546 sq ft per sq ft price $11,905 HKD,while the Long Beach Tower5 is usable area 845 feet,with an average price of $18,083 HKD foot,first-hand discounted feet was cheaper than the second-hand price.
In addition,THE AUSTIN yesterday sold 107 partners,cash $1.8 ten billion HKD,the property sold 372 gang in just two weeks,cashed in 5.45 ten billion HKD,becoming the second big winner of the new property after free of tax.The developers last night before uploading a new batch of 193 gang price list,terms of which the minimum admission unit meter salable area of 356 sq ft,sold $9.489 million HKD,$26,654 HKD per sq ft by 18.5% discount,discounted unit price approximately $7.734 million HKD,practical only for $21,723 HKD per ft.In the same area of comparable Victoria Towers meter,according to the Central Plains data show that the average utility Victoria Towers Used Price asking price ranging from $16,000 to $31,000 HKD,the property source salable area of approximately 552 feet to 864 feet,THE AUSTIN price per square foot off real also considered close to the second-hand price.
The Cullinan cut the discounts,sell more expensive
SHKP which has six months not pushing the new properties,launched special cash rebate for the current unsold units of Kowloon Station The Cullinan two weeks before,provided 70% of the stamp duty rebate to reduce the tax effects of spicy strokes,the results is all sold-out,SHKP its cutting edge behind to push deals.Cullinan yesterday to sell 24 unit price of $38,678 dollars per sq ft,according to AP data show that the same estate Cullinan STAR SKY 2 bedroom lower floor,usable area 635 sq.ft,Sale $ 2.0 ten million HKD,with an average price of $31,496 HKD practical feet.Unknown whether some units have repeatedly raise prices and cut tax rebates affected,as prices rise,the first-hand price of Cullinan has been higher than the second-hand price.
New properties discounted urge the property market down
In fact,the new properties discount sale prices have been dragged down the second-hand price,the Centa-City Leading Index (CCL) which reflect the second-hand housing prices recorded a new low in nearly three month,the index last Friday at 119.5 points,down 0.48 percent by week,a record 11 weeks lows. Reflected on the early Cullinan price promotions success,sucked a lot of purchasing power,so that second-hand property prices softened.And THE AUSTIN, Long Beach,Park Metropolitan,Imperial Kennedy and other less spicy new properties one after another put on sale,expected that the second-hand property prices will have further pressure.
