Hong Kong's Wen Wei Po News (Reporter Leung Yuk Cum)Property spicy recruit buyers to enter the market more cautious,some investors do not wantto be on the divestment of commercial property,they are willing to eclipse let sale,and even eclipse to leave the market.The King Palace Plaza in Kwun Tong early recorded a lower floor eclipse let sale case,and recorded an eclipse let sale case again recently.The unit located in middle floor,have been changed 5 hands before,finally changed hand in 9.48 million HKD recently,this investors held stocks for three months,so book eclipse about $320,000 HKD.
Centraline (Comm.) Business Assistant Sales Director Cheung Wai Kung said that the unit located in Royal Plaza,Kwun Tong,Room C,Middle Floor,building area 972 feet,the original owners is an investor,bought in 9.8 million HKD in March this year,then put on the market,but under the influence of new spicy move,the atmosphere in a stalemate,seeing the turnover of units is approaching,so he do not want to carrying on,then decided to cut the asking price by nearly 20% of units sold,which attracted the new buyers to $9.48 million HKD to undertake,held three months carrying eclipse $320,000 HKD,fall by 3.27 percent.Units changed hands in vacant possession,with an average price of $9,753 HKD feet,is the reasonable market level,the new buyer belongs to the food companies,commercial properties in the Jordan district held for own use,because carry hope on the future prospects of East Kowloon,so the company decided to move its corporate headquarters in Kwun Tong District.
Earn up to $1.0 million HKD,loss $320,000 HKD
Cheung Wai Kung indicates that this unit changed 5 hands before within 10 months,have earned and a loss.Statistics show that this unit in September last year bought by the investor to $8.262 million HKD,sold in $49.04 million HKD within three months,profit $778,000 HKD.However,the investors took over in February this year just two months to work out $8.8 million HKD to another investor,pitting
let $240,000 HKD.This investor changed hands again in 9.8 million HKD in March this year,profit $1,000,000 HKD.This time the fifth time changed hands,this investors hold stocks for three months,so book eclipse about $320,000 HKD.
He pointed out that occasion,King Palace Plaza in Kwun Tong recorded two eclipse let sale cases in this month,one of the eclipse let sale cases located in Room H,Lower chamber,its floor area of 968 feet to about $8.13 million HKD in early work out,foot price of about $8,400 HKD,the owners before hold stock for six months,book eclipse about $370,000 HKD.
Ricacorp Properties head of research Chou Moon Kit said that despite the industrial and commercial property trading silence recently,except Tsuen Wan industrial buildings uncompleted flats "DAN6"entered into the market,attracting external capital inflows industrial property
market,coupled with investment market waiting to see atmosphere of relaxation,property trading rhythm slightly see accelerate,it was expected that the tradings of industrial and commercial can be rose 30% to about 600 cases which recorded in June from the"bottom" of the 464 cases.
Registrations of commercial flats increased 29% in July
According Ricacorp (Comm.) real estate information obtained,in July the first 23 days that a total of 421 recorded in the industrial and
commercial property transactions registered (number primarily reflects 2-4 weeks prior to the actual market situation),compared with the same period in June 326 cases,increased 29% ;view of the large property transactions sparse,then it let the same period total value of property transactions only up to the level of $3.817 billion HKD,fall 46% on a monthly basis,appeared the divergence between the amount of movements and the registrations.
Chou Moon Kit pointed out that since the industrial and commercial property transactions were out of the legislation of additional stamp duty (SSD) and buyers stamp duty (BSD),so the investors and users of market considerations and concerns are always less than the residential market participants,so Comm.adapt the spicy legislation period is always shorter;in addition,the global stock markets slight improved recently,capital flows significantly earlier loosening,home buyers are expected to cap stocks will have more financial support,so it was believed thatin the next one or two months,the industrial and commercial trading registrations will keep on raising,expected the registrations will reach 600-700 cases monthly.
