Cheung Kong sell the property, scholar afraid the market will drop down

Five property 463 units "by eighty percent" no positive response Free Stress Test

news (reporter Yan Lundu) developers recently has introduced a high number of mortgage schemes introduced into the market, and finally to the Cheung Kong for its five new properties unsold 463 property providing 80% mortgage program, called "8 to press. no pressure, "but there was no positive response from buyers Free stress test. Some scholars have pointed out recently among multiple developers to launch high number of mortgage programs in the hope to take advantage of market conditions to make the difference withdrawing purchasing power, disguised risk will be passed on to prospective buyers, to a certain extent reflect the developer of the market outlook is not optimistic and loss of confidence, while Cheung Kong as a leading real estate sector, the introduction of such promotions will have a negative impact on the market.

Cheung Kong Real Estate announced yesterday to provide "80% press. No pressure" program for its five floor Property involving 463 property, including Stars By The Harbour, Yuccie Square, La Mansion, VIVA and La Lumiere, which Stars By The Harbour more immediate update price lists, which raised the price of 16 property about 2.2%. Another fellow Yuen Long La Mansion also introduced a price list No. 2, relates to four houses, Each area 1,589 feet to 1,615 feet, the price ranged from $ 18.827 million to the single price of $19.533 million, the price of $11,658 to $12,293 Ft .

Justin Chiu: property prices are not big plums

Cheung Kong Executive Director Justin Chiu said that this time the new mortgage program, buyers pay a two percent down payment, the risk is not high, relatively "stable matrix"; and provide a higher proportion of mortgages, such as 95 per cent mortgages for buy home is too risky, hope buyers within their means.

Justin Chiu said that eighty percent mortgage program launched this time, mainly because the goods mantissa less, plus low interest rate environment continues, hoping to help people home, but also refers to the object will later be updated price lists, but will adjust the price will depend on when the project up for saleInter may be. Justin Chiu refers to the number of cases of negative equity in the first quarter jumped to over a thousand cases, mainly belonging to "press on by" excessive borrowing. Hong Kong's economic stability, property prices are relatively stable, there is no possibility of a substantial adjustment is expected next year as prices volatility.

Scholar: Risk Transfer Buyer

Senior Lecturer, Faculty of Architecture of the City University of Science and Technology Peter POON said that the recent launching of a number of development into a high number of mortgage schemes, another point of view, that is the risk to the buyer. He believes that the current situation reflects the weak buyer demand, but developers face a lot of building projects launched this year's flower market, the year is expected at least 15,000 property, big competition, so in order to try to attract the purchasing power of the market and stimulate potential buyers, such as a number of inability to deliver the first phase of the prospective buyers, they only continue to increase home ownership deals.

He also admitted that Cheung as one of the leading developers, launched into a high number of mortgage deals, the market will give a negative message, because the real estate market outlook also reflects the loss of confidence. His analysis, real estate developers in the face of new supply increase, the enhanced attract customers is better than empty units lost or reduced, the new real estate is expected next offer will overweight, into a high number of mortgage schemes will continue to be this group after the end of the purchasing power, the next step would directly reduce the price to beefing up sales, but the public must pay attention to the risk of them.

Sell ​​market outlook divergence halted Jun Bo

It is understood that this time around 8% mortgage plan Cheung offered the highest among a five percent, second mortgages up to three percent, the first two years of P-2.25%, followed by the annual interest rate in order to calculate P (P 5%), mortgage maturities of up to 25 years. It is worth mentioning that, this time promotions cover a non-local buyers, was asked whether there is stress testing, Justin Chiu no positive response, saying only that the first condition is "guests to buy property." Justin Chiu continued means abundant group of funds, it is possible to provide buyers with its own mortgage program.

In addition, Cheung cooperation with former chairman Walter Kwok of Sun Hung Kai Properties Argyle item "Jun Bo," a temporary halt on sale earlier arrangements, Justin Chiu said it is in consultation with Walter, temporarily not to deploy the latest sales, emphasized with each other no arguments, just a different view on the outlook, will be up for sale at an appropriate time.

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