(By Fang Chuyin)
According to the latest data of Land Registry, second hand property register is 2,200 cases temporarily, (Until 23rd of this month; The number mostly reflects the market situation in the end of last December and the beginning of this January.), slightly up by 2% than 2,161 cases in same period of last month. Wu Chuangye, the Senior Executive Director of Hong Kong Property predicted, second hand property register in this month will less than 3,000 cases, leading second hand property register less than 3,000 cases for four months.
Zhou Manjie: Purchasing power is coming back.
Zhou Manjie, the Research Department Director of another agency of Ricacorp Properties explained, although developers actively to grab purchasing power in recent months, but good first hand property selling made the property market wait and see atmosphere release, and the accumulated purchasing power is flowing back to second hand property market by steps, driving transactions to rise.
Wu Chuangye pointed, until now from this month, second hand property register over HKD 10 million only has 123 cases, down 17% which is the highest range than 149 cases in same period of last month,worse than leading market.
Hong Kong Property predicted, second hand property register over HKD 10 million will be about 160 cases in full month, down by month and also less than 200 cases for six months. Since the monthly down range of second hand property register over HKD 10 million is larger than leading market's, so the register ratio decrease. According to the latest data, second hand property register over HKD 10 million takes 5.6% of the whole second hand property register until now this month, down 1.5% than 7.1% in last December, and its the lowest in four months.
Take 5.6% of the whole second hand property register.
Among second hand property register over HKD 10 million, until now from this month, register in Hong Kong Island is 65 cases, which is the most taking 53%, and the second is in Kowloon, which is 37 cases taking 30%, while in New Territories it is only 21 cases taking 17%. New Territories with the least register is in the largest down range by month, which is 34% by month than 32 cases in same period in last month, while Kowloon decreases by 23%, ranking the second, and Hong Kong Island only falls 6%.
Mr. Wu added, in fact, six of ten most active luxury projects until now from this month with unit price over HKD 10 million including Hong Kong Parkview, Laguna Verde, Baguio Villa, The Legend and so on are located in Hong Kong Island.
