Article from Flats discounted concurrently send the stamp fee promotional the banks suddenly refinancing interest rates took away a lot of second-hand flats tourists, part of the small property owners worried about the rate hike in property prices down, second-hand flats discounted cases continued now Island Place, North Point owners Clearance 90 million, a decrease of 8.6% yet undertake, North Point, the City One Shatin and Tai Koo Shing hand transaction has been nearly paralyzed, property viewing appointment plunge 50%, 20% prospective buyers canceled non-flat inspection, even if the counter-offer, to drop the deposit that day retreat miss it.
The Sunrise Century 21 Real Estate executive director Wenlong said, since the bank last Thursday suddenly added a new creation to interest rates, so the North Point the 11 indicators Estate transaction greatly reduced by 60% since March, two weeks only two transactions, many owners seeing interest rates, worried about property prices to So discounted attract buyers, but also quite prudent buyers into the market rather large amount minus 50%, 20% of prospective buyers cancel property viewing.
Tin Hau Lee Gardens low price of 5% changed hands
Island Place, North Point, a mid-level B, the salable area of 753 square feet, the owners of the original asking price of $ 10.5 million, and recently has been discounted 90 million, a decrease of 8.6%, but not to undertake. In addition, the lower Tin Hau Lee Gardens Building Room C, salable area of 325 square feet, the owners of the original asking price of 4.28 million HKD, discounted 380000-3900000 HKD changed hands, practical ft price of $ 12,000, 5% of the low price of transaction. Buyer for flat region off intended for self-occupation. The original owners purchased the property in May 2008 to 1.6 million HKD, holding goods five years book profit of 2.3 million HKD, the appreciation of 1.4 times.
Wenlong pointed out that the rate increases based buyers wait has come, prospective buyers cancel property surveys, property surveys also a counter-offer for more than 10%, so that many of the North Point agents are "bench", the floor, and no one Air . The buyer has offered 300,000 HKD, the original 9.2 million HKD to buy a D Lower Floor of City Garden, North Point, but to drop the temporary deposit that day retreat from keeping an appointment.
Shatin City One trading plunged 46% in March
The Centaline Property Li Zongwen, City One Shatin since March temporarily recorded about 7 transactions recorded in the same period last month, a decrease of approximately 46% in 13. Chen Biao, the bank also pointed out that, Taikoo Shing in March so far, only three transactions, greatly reduced 77% on a monthly basis, bank mortgage rate plus a new creation since the sudden Taikoo Shing last Thursday there was no transaction.
Rents remained high, also tenants their own homes instead. The Centaline Property Michelle Lee said, by a tenant in Tuen Mun, the free-market price of 236 million HKD to buy HOS Siu Hei Court Room 8, Block B, senior Saleable area 351 square feet, practical PPSF 6,724. Original owners in March 2011, the free-market price of 1.48 million HKD to buy the units, the earlier two lives under SSD sale period, the asking price of 2.55 million HKD put flat. As market conditions deteriorated, after bargaining Sale 190,000 HKD changed hands, carrying a profit of 880,000 HKD, 59% appreciation of the unit two years.
MIDLAND Huang Chien-material prices have peaked
Midland Group Chairman Huang Jianye frankly, mortgage rate bank early plus new creation, so that the the already depressed secondary residential market slipped further used frozen in one hand and is now discounted under, believe that property prices have also peaked. The line chief analyst Liu Jiahui expected, second-hand trading month will fall to 3,000 this year, second-hand trading affected material than primary flat large, temporary trading forecast of 58,000 throughout the year remained a year-on-year fall 17 %.
Urban transportation rose, Senior Associate Director of the Research Department of the Central Plains real estate also predict that month secondary residential registered 3,100 cases and total value of 185 billion HKD, down 34% and 27%, respectively, on a monthly basis, a three month low, digital materials reflect the Lunar New Year holiday in February effects of second-hand trading down. As for the end of February, the Government launched a double stamp duty and the tightening of mortgage against the property market coupled March bank increases interest rates, the market is waiting to see atmosphere, used turnover fell sharply, estimated that second-hand registration in April decreased. He also expected that approximately 12,210 cases and 67 billion HKD in the first quarter used to register, quarterly fell more than one percent, trading hit a five quarter low, the amount is also a low of four quarters.
