Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum) Ram approaching, general manager of Henderson Land Sales (a) Lam Dak Man expected yesterday, about 15% of the volatility of prices during the year, the property prices of mansion are expected to chase behin, while Henderson property agency business (an ) Ministry will launch six new residential projects this year, involving more than 1,100 units,it is expected sales of about HKD $1.6 hundred billion,last year, sales of business (a) part of more than HKD $2.18 hundred billion,sold about 2,640 units,compared to the beginning of the year is expected to have HKD $1.6 hundred billion is high, mainly because of last year to sell the residential projects which involved in small amount of price for the first-time buyers mainly,especially Double Cove Phase 1-3 which involved in over HKD $1.2 hundred billion,accounting for about 55% of overall sales.
Lam Dak Man pointed out that Henderson Land property agency business (a) of the Year of the Goat head shot newresidential project may be NO.200 Ma Tau Wai Road or High-Park-Grand in Boundary Street and the second half is planning to launch Shing On Street in Sai Wan Ho, Double Cove Phase 4 and 5 and the Mid-Robinson Road. He is expected, due to the sale of flats to look at pre-approval and construction progress, do not rule out this year will be better than expected final sales.
Increased the first phase payment will be affected the home-use buyers to buy the properties
He also said that SHKP business (a) of its real estate in the New Year period XII (New Year's Day to the beginning of four) will be business as usual, including ‘Double Cove Starview’, " Double Cove ", "The Reach" "Green Code", "High One", "High One Grand", High Park", "High West", "Metro6", " 39 Conduit Road " and ”Centre Point”.As for the units which involved in small amount of prices keep on raising,afraid the government will make moves, he said that the current buyers downpayment already at quite a high level that the users in the market-driven situation, an increase in the proportion of small initial space, or the impact with the home market, not the government would like to see to believe, he did not predict whether the Government will re-introduce measures spicy trick. For it was reported that there are three or four of the gradual increase in the number of press, or will cause the bubble burst Penny House Crisis, he responded refers to the company's situation, buyers are mainly to do for a press Up only do second mortgages, and not three or four mortgages according to the situation.
Salary hike up to offset the impact of interest increase
He is expected, based on the supply of land continued to increase, rising construction costs, US interest rates are also expected to have a negative impact on the market, it will increase the cost of holding the goods, but in view of the United States to raise interest rates because of the economic upturn, it is expected to increase only in within 1-2% of, and most buyers will be able to offset the impact of hike in the case of artificial rising,it is believed that this year will be stable development of the property market, about 15% volatility. He also believes that buyers will decide whether to enter the market according to their abilities, and will not affect the short-term supply of the subject, so Penny floor next to the posted price will also be on sale.
Lam Dak Man also said that the day before in order to expose the underlying Beacon Hill mansion land price of about HKD $21,000 yuan per square foot awarded, the price was ‘very expensive’, but does not mean ‘not worth’,thinking that it is only an isolated incident and believe that developers need to achieve balance of payments, the future price to more than HKD $30,000 per square foot. He expected to be in the past due to the accumulation of luxury purchasing power, it is expected that this year will chase behind the luxury market, luxury price increases chasing behind. He believes that the government should put up the lands for sale accoording to the market needs, such as urban and fine pieces of land would be more popular.
