Downtown buyer purchasing power increases. Property price indexes have continuedly rose for two weeks.

The two strict measures have been launched for two months. The market starts to digest the related effect. Property price is stable day by day and rebound. The latest Centa-City Leading Index (CCL) is 114.97 which has accumulatively rose 0.52% and rose 0.35% by week. It dropped for three weeks and then rebound for two weeks. It's worth mentioning that, about the property price indexes of large housing projects in four districts, the indexes in Hong Kong Island and Kowloon are separately rise 1.77% and 0.7% by week which are separately 124.04 and 114.42. But indexes in New Territories East and New Territories West are separately fall 0.29% and 2.24% which are separately 112.83 and 94.07. The data reflects downtown buyer purchasing power start to released. The condition of properties at medium and high price gets better. Centaline Property Price Indexes in Hong Kong Island and Kowloon are both rise. Huang Liang-Sheng, the senior associate director of Centaline Property Agency Limited research department pointed out, CCL first fell for three weeks after BSD and SSD2 made effect . Then it rose in the following two weeks according to the record. It is estimated that CCL will maintain around 115. CCL Mass rose two weeks after the fell for two weeks. The latest data is 113.5. It has accumulatively rose 0.87% for two weeks and rose 0.27% by week. In fact, CCL has accumulatively fell 1.58% and CCL Mass has accumulatively fell 0.61% for five weeks since BSD and SSD2 made effect. Huang Liang-sheng added, the effect from US's QE3.5 announced on 13th December to local property market will reflect on CCL published in January next year. The first project of My Home Purchase Scheme which is Greenview Villa opened sample units yesterday. The effect of it also wait until next January when the CCL published. As for downtown buyers' house buying intention getting stronger, Lu Jing-hao from Centaline Property added, most buyers of South Horizons give up waiting and seeing this month. They start to visit the houses which makes the trading of this district speed up. The project has 12 cases of trading in record until now and the average sq ft price slightly rise 1.1% to HKD 9,200. As for Kowloon district, Gao Jun-wen from 18-property expressed, Olympic Station in Kowloon sales good this month. There are 20 cases of trading in record until now which rise nearly 50% comparing with the same period last month. Thereinto, Island Harbourview has 6 cases of trading. The latest trading in record was garden view unit in high floor which sold at HKD 6.38 million. The unit is located in room G, high floor of building 8. It is in cover area of 609 sq ft and the layout is 2 rooms. The sale price was HKD 6.38 million and the sq ft price was HKD 10,476. The original owner bought this unit at HKD 3.33 million in 2007 and earned HKD 3.05 million or 92% from this reselling. Three rooms unit in The Latitude sold at price which lower 13% than market price. Chen Zhen-wen from Century 21 Property Focus expressed, a three rooms unit of The Latitude in Po Kong sold at HKD 7.35 million. It is a unit located in room D, low floor of building 7. The cover area is 823 sq ft and the usable area is 627 sq ft. It is in 3 rooms layout. Mr. Chen said, the original owner bought this unit for own use at HKD 5.5 million in 2010 and sold at HKD 7.35 million after holding for two years. The cover area sq ft price was HKD 8,931 which was 13% lower than the market price. The original owner earned book profit HKD 1.85 million or 34%.

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