Hong Kong's Wen Wei Po (Reporter So Hung Chung) 'Occupy Central' actions have broke out conflict,there are real estate industry worried era unpredictable political and economic situation,the impact of the property market. In fact, since the 'Occupy Central' have continued for a week, four new properties grab for the buyers together yesterday,there are large developers "have no fear" clear inventory;second-hand property owners, investors will only earn and leave as early as possible.The new properties have recorded about 432 transactions in a single-day.Market participants believe that political instability temporary impact on users is not obvious,but the impact will gradually appear over time .
All of the industries have held wait and see atmosphere of the action of 'Occupy Central',but the large developers felt no fear.Double Cove Starview in Wu Kai Sha which developed by Henderson Land Development have put up the first batch of 220 units for sale yesterday,of which 194 units on sale in the morning ,which have received more than 3,800 votes in the earlier days,recorded 16 times oversubscribed. 10 o'clock yesterday morning at Wu Kai Sha seen sales office, registered prospective buyers at the mall on the second floor once formed long queues. Market sources, the first round of sales sold a total of 191 units.
Double Cove Starview have recorded satisfactory sales
Henderson Land General Manager of Department of Sales (a) Lam Dak Man pointed out that this property put up for sale for the first hour,have recorded more than 110 people attended the scene and registered,also have at least 101 units were agreed to subscribe,hit rate over 90%,so the group felt satisfactory of the sales.Although it will not launch the extra units for sale on the same day,but will add the price list today (the 5th) as the fastest time,the price or a slight adjustment.Lam Dak Man believes,the impact of 'Occupy Central' will obvious on the units which involved in large amount of cash in the urban area,investors deployment will be affected, but it would not affect the pace of the property sales by the group.
Another new luxury property The Pavilia Hill in Tin Hau which developed by The New World also grab for the buyers in Hong Kong Island,put up the first batch of 132 units for sale.Market sources, now sell at least 129 units,of which it have attracted cashon-line group chairman Kwan Pak Ho,help his son pay down payment,the unit value of about HKD $2.2 ten million,with the salable area of over 900 feet.The Pavilia Hill added the 3rd price list on the same night, involving 83 units,ranging from 735 feet to the salable area 1,521 feet,priced from about HKD $1.6908 ten million,the price per square foot between HKD $23,004 to HKD $40,306.Developers maintain constant concessions and accept the vote at today, tomorrow (the 6th) cut-off tickets and drew lots to determine the priority in flat and sold these flats on Wednesday (the 8th).
As for The Wings IIIA in TKO which developed by SHKP experienced several rounds of sale and Hang Lung's The Harbourside in Kowloon Station have a new round of sales yesterday,recorded a total of about 105 transactions.
Regal have spent HKD $2.9 ten million to buy 3 sea-view units
The industry believes that the strong demand for housing, the 'Occupy Central' action has little effect on home-buyers, but the more significant impact on investors. Chief Executive Officer of Midland Residential Pu Siu Ming said that although sustained political action,only first-hand buyers have less enthusiastic, lottery enthusiastically to each sales office buildings,it is expected each new property sales were seen in an ideal situation,of which there are buyers have spent about approximately HKD $8.0 ten million to buy 2 units of The Pavilia Hill for home-use.
As fror Double Cove Starview,the attendance rate of the buyers from the group is about 65% ,it is believed that there is 10% client absence due to the influence of 'Occupy Central',reflecting the impact of the political situation in the primary market relatively smaller than second-hand property market.There are also big-hand buyers have bought 2 units with 2-bedrooms interval and one unit wih 4 bedrooms interval,a total of three sea-view units involving gross proceeds of approximately HKD $2.9 ten million.By the broader impact,the second-hand tradings in Ma On Shan have fell 70 per cent over the past week,have recorded only a single digit volume.
As for Centaline New Territories director Wong Ho Chung said that although 'Occupy Central' sustained,but housing demand is still high, has little effect on the sales of property.As for Double Cove Starview,the buyers from the group with attendance rate of nearly 80%,of which about 85% or more for home-use. Influence by 'Occupy Central',coupled with the new properties grab for the buyers,the amount of second-hand flat inspection in New Territories decreased about 50%,coupled with no second-hand owners a substantial price reduction, the buyer is more wait and see,particularly in the luxury buyers to consider more time is extended.
Arezzo in the West of Mid-Level sold 20 units on Wednesday
On the other hand,Arezzo in the West of Mid-Level which have put up for sale as early as last week,developers Swire Properties have uploaded a new price list involves 18 units yesterday,priced from HKD $3.093 ten million to HKD $4.389 million,the price per square foot from HKD $26,324 to HKD $34,727,this residential project have announced the latest sales arrangements,together with the price increase of about 3% to launch out two units for sale,with a total of 20 units will be on sale on this Wednesday (the 8th).It have sold a total of 60 units so far since the sale have opened,accounting for nearly 80% of the available units,with the total turnover of more than HKD $1.54 ten billion.
