Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok,Chan Choi Sin) The first property sale of SHKP in 2014 is the Century Gateway Phase 2 which located in Tuen Mun,the forth round of 195 units on sale yesterday and all the units have sold out in a day,recorded the best sale of New Year's Day in ten years.Although Century Gateway have opened all the sales in new year,but the purchasing power of the market almost fully centralized on the first-hand properties,so the second-hand transactions have been cooled down,both of the first-hand and second-hand transactions have in stark contrast,and there are agency estimated that the property price in the first season of this year will decline about 3% to 5%.
The first group of buyers of Century Gateway have arrived the sales office at 9:00 am yesterday morning for the second round of balloting in order to choose the flats,at the scene can see that there are a busy crowd,and in the peak period,people have filled up three -story elevators,and the developers are required to set up the heavy cavalry crowd control,it is estimated that there are over hundreds of people queued in line. Sources said the entire property sales program ends at 17:00,the full sale of 195 units have sold out in only eight hours.Due to the hot sale of Century Gateway,so yesterday have recorded the hottest sales of the most popular New Year's Day in the past 10 years.
Century Gateway sold 195 units in one day
Search of the records over the past years of New Year'day,the new property sales in New Year's day have recorded quite quiet as usual,but there are still a number of developers have chosen the opposite direction,and launched out the sales on New Year's Day,whenever necessary,and the results are quite good, such as The Coronation of Sino Land which launched out on sale in 2012 have also recorded hot sale.However,due to the fact that there are 3-days holiday in the New year's Holiday in 2012,so the developers are not hurry about selling the properties within one day,then separate the sales for a few days,so even they have sold over 350 units in 3-days New Year's Holiday,as calculated by the sale of New Year's Day alone,but only sold 50 units per day,so it is a far cry from yesterday's sales performance.
Insiders said the new property sales in New Year's Day are still selling well,mainly because the asking price was close to the market
price,and also there are a number of discount prices,so when compared to second-hand property,it seemed more attractive;coupled with yesterday's sale of Century Gateway mainly sell the units of two-bedrooms interval,also with smaller amount of price,so it can absorbed the investors and home-users,covering a wide range of purchasing power.In addition,except for the sale of Century Gateway,another new property sales have recorded just a few transactions,only Centrepoint have recorded one transaction which have sold out a unit,so as calculated by a single-day of sale yesterday,have sold out about 196 units in total.
According to the information,of which 195 units which are on sale yesterday,mainly are two-bedrooms interval,there are also 1 bedroom units,most priced from HKD $4.0 million to more than HKD $5.0 million dollars,as calculated according to the price list,with an average price of HKD $ 10,922 per sq ft.Midland Realty director and chief operating officer Pu Siu Ming said that of which the buyers are mostly for home-use,but the investors also accounted for 30 to 35%,there are six groups for buyers have bought two units continuously,each group of buyers have spent about HKD $1.0 ten million,and there are two groups of investors,and the remaining four groups of buyers are for home-use.In addition,buyers from Yuen Long and Tuen Mun districts also accounted for 70%.
SHKP have increased the price of the remaining unsold units
In view of the satisfactory sales,the developers instantly raise the price of the remaining unsold units last night,the third price list which have been published before have increased the price of approximately 0.5 to 1%,and arrange the sale will be opened at January 5,and the process will remain the same like before,there are two rounds of balloting,and January 4 will start the first round of balloting.
Although the first property sale in 2014 have reported a success,but does not mean the property market was hot sale,it is just a situation of"first-hand properties hot sale and the transactions of second-hand properties have fell." Centaline Asia Pacific president,Mr Chan Wing Kit said that the transactions volume of first-hand and second-hand properties in 2013 have recorded a new low in recent years,it is expected under the influence of the government does not withdraw the spicy trick and the U.S. delisting,as the owners do not have any bargaining space,also the buyers are reluctant to buy the unit in high price,so the transactions of second-hand property will bleak continuously in the first season of this year.
He also said that there are a number of new property sales will be launched out on the market in the first season of this year,and it is expected it will avoid the traditional slack season of Lunar New Year,and all the property sales will focus on sale in the middle of this month,and it mat further drag down the second-hand property tradings volume,the second-hand property transactions in the first season of this year is expected to maintain 2000-3000 cases monthly.Although the transactions may have a rebound after the Lunar New Year Holiday,but the performance of the property market in the first season of this year is still not optimistic,and it is expected that the property price will fall 3% to 5%.
