Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum)Facing the impact of 'spicy trick'which launched by the government continuously,Emperor International executive director Cheung Ben Kung said yesterday that the group bearish the performance of the property prices in the first half of this year,of which the second-hand property market due to the heavy taxes leading the chain of changing property market stalled,also the tradings of first-hand property market also shrank continuously,unless the developers increase the discounts,but also refers to the Emperor Group won't have any new properties launched out on sale in the first half of this year.
As for the government have noted that building a lot of public housings in order to help the basic level of the citizen,Cheung Ben Kung agreed it,mainly due to the current high property prices in Hong Kong have resulted in unaffordability touch of the public.
Cheung Ben Keung said affordability disjointed
He pointed out that the Emperor Group will not put any new properties on sale in the first half of this year,but will consider of launching the remaining 28 units on sale,which mainly from the East of Hong Kong 18,The Prince Place,JAVA and Habour One.As for the residential project which located in 180 Connaught Road West,floor area of about 185,000 feet,it is expected to launch out the sale in the second half of this year,this property with a total of 125 units and it is expected to occupation in 2015.
He also said that The Pulse mall project which located in Repulse Bay will start testing industry from the end of second season to the third season of this year,the project involved in more than 150,000 square feet of floor area,it is expected that monthly ft rent of HKD $35 to HKD $200.The whole building of retail property projects by the group which located in No.22 to No.24 Russell Street,Causeway Bay have completed the demolition,the reconstruction is being carried out,the whole building of retail properties was expected to be completed in the first season of next year,involved in four-storey,with a total construction area of about 8,000 feet,also in the progress of international leasing,it is expected that four-storey can be rented with an international brand with a monthly rent of HKD $1.1 ten million.
May buy the shop which located in No.8 of Russell Street
As for the Soundwill Plaza being divested a 10-story shop which located in No. 8 Russell Stree,bid from HKD $30,000 per sq ft,Cheung ben Keung said,the Emperor International held the shop which located in underground of No. 8 Russell Street underground,so the group will make an appropriate response to the price of holdings.
He poiinted out that based on the provisions of leasing of its retail properties rent increases every year and the current bunks of first-line which located in Mong Kok District have no rents pressure recorded,but the second and third line area will see the significant declines.
Cheung Ben Keung said that due to limited supply of residential properties in Hong Kong Island,so the group will focus to fight for the lands in Hong Kong Island mainly this year,and the group have bidded two mansion lands which located in Tuen Mun last year,which because of the group have found a major advantage of the future center of the Pearl River Delta.
As hotel project of the group which located in Portland Portland Street,Kowloon will be completed in the first season of 2015,which provide 199 rooms. He also revealed that the group have also bought a hotel which located in the Taipa of Macau,which provide 262 rooms originally and in present have increased 23 rooms to 285 rooms and the group also has a construction project in Beijing.
