（By Liang Yueqin）
Zhang Bingqiang, the Executive Director of EMPEROR IHL looks bad of the property market in first half year because of government's strict measures, and they will not launch new project in this term. (See another article.) While Zhao Guoxiong, the Executive Director of Cheung Kong, has opposite opinion and predicted the property market after Chinese New Year will be boom, because developers will launch stamp duty privileges to cut price, helping the projects sale. At the same time, Sino launched New Year privileges for some projects in amount up to HKD 388,000.
Zhao Guoxiong, the Executive Director of Cheung Kong, expressed property purchasing is longterm investment, so he believed the property market will warm up after Chinese New Year, because the price cut and stamp duty privileges that developers launch currently will help the sales and decrease the effect from strict measures.
Cheung Kong's Lanshan in Tai Po estimated to be put on sale in March.
Zhao Guoxiong pointed, their Fung Yuen 1 "Lanshan" has received the sale approval and will be put on sale in March at the soonest because the brochure printing needs time. As for the sale of DIVA in North Point, he expressed, current construction cost is still high, and two projects in tender list in earlier are in sq ft construction cost of nearly HKD 4,000, unless the land price falls, or he do no believe the property price may down, so the group is not hurry to put on sale units in DIVA. He also believed, this year's interest will not rise, and predicted Hong Kong property market will be stable in following two years, while property price will not largely fall 30%-50% as other institutions' forecast.
New World will launch 1,000 units this year.
Chen Guanzhan, the Joint General Manager of New World, predicted they will launch 1,000 units of residence this year, including project in Austin Station D cooperated with Wheelock and New Eastern Terrace. Chen pointed, the good trend of Hong Kong economy and citizens' housing demand support the property market in stable development.
Agents visited Sun Hung Kai's Riva in Yuen Long.
Lei Ting, the Vice Managing Director of another developer Sun Hung Kai, expressed the group can launch 7 to 10 projects each year base on the annual sale amount of HKD 20 billion to HKD 30 billion, which means they will have chance to launch project in every month. As for Riva in Yuen Long which maybe the first project in New Year, they open the sample flats to real estate agent directors since yesterday.
In fact, Sino took the first step in New Year to launch privileges for buyers of The Graces Providence Bay and Park Metropolitan. Tian Zhaoyuan, the Sales Associate Director of Sino, expressed the privilege term will be one month to 28th February, with price discount and cash return at up to HKD 388,000. In addition, during the Chinese New Year, sale offices of the group's The Graces Providence Bay, Park Metropolitan, The Avenue, The Avery and One Mayfair will be still open as usual.
Besides, Sion will additional launch 28 units of The Avenue 1 in Wan Chai today, and source told more than 10 applications registered. As for The Avery in Kowloon City, it sold 1 feature unit with platform yesterday, which is room B in low floor in usable area of 316 sq ft, and its discounted sale price was HKD 5.5365 million, with average sq ft price at HKD 17,521. About other new projects, Chinese Estates Holdings Limited's One WanChai in Wan Chai sold 1 unit, and New World's Park Signature in Yuen Long sold 2 units.
China Overseas Land & Investment will launch 2 projects in this year.
Another side, You Weiguang, the Managing Director of China Overseas Land & Investment, pointed the low interest environment will support Hong Kong property market in stable development, although new rise market funds is flowing to outside. He pointed again, when government increases land supply in this year, the group will research to attend the bidding or not, while two rebuild projects in Sai Ying Pun and To Kwa Wan will be put on sale in this year.
Fan Tong, the Director of Paliburg, pointed property price will not largely down since current construction cost is high. He said, the group's land mostly in New Territories, but not enough, so he expected they can win land in each quarter of this year. He added, their new project in Yuen Long will be put on sale in the end of the year at the soonest, and luxury project in Kau To mountain will be launched in the end of next year.
