Hong Kong's Wen Wei Po News ( Reporter Fong Cho Yan )There are no new property sales launched out in the past weekend and the secondary market finally break the ice,the tradings of the blue chip properties recovered.Midland Realty recorded 14 transactions of top ten blue chip housing estates last weekend,rose 55.6% weekly,first recorded double digit turnovers in 5 weeks.Ricacorp top ten indicator housing estates recorded 11 transactions,rose 57% weekly,as for the first-hand property market,as of 8:00pm,integrated the market news and the digital of first-hand network,recorded a total of 18 transactions on Sunday,reduced 90% when compared to 200 transactions which recorded last weekend.
Midland chief analyst Lau Ka fai said the end of the year is approaching,the developers keep on launching properties,new property sales asking rice mostly close to the market price,but there are no new properties launched out on the market last week,so the purchasing power finally back to the secondary market,some of the blue chi properties hot sale,for example Mei Foo Sun Chuen have active performance,coupled with the secondary owners widened the bargain space in order to attract buyers,so added warm on the secondary property market.
Owners adjusted the asking price and urged the transactions
Ricacorp CEO Liu Wai Kung also said that as the new property sales'winds sweep the leaves',there are no new focus have released out on the market in recent,so the purchasing power back to the secondary market,coupled with the developers asking price become more restraint,so it force the secondary owners adjust the asking price and improved the attractiveness of secondary property market,speed up the tradings.
Centaline top ten housing estates recorded an increase in two consecutive weekends,recorded 9 transactions last week,rose 80% weekly,but there are a half of the estates haven't recorded any transactions.Centaline residential Asia-Pacific president Chan Wing Kit said there are two new properties opened the demonstration units last week,but due to the fact that these new properties involved in a large amount of cash,so it cause some buyers who have got a limited budget need to look for the properties in the second-hand market,there are a number of properties which involved in below $3.0 million HKD for buyers to choose in New Territories,coupled with the owners are willing to discount,so the properties which involved in small amount of price recorded transactions most.
According to the Midland Realty top ten housing statistics,three indicator estates in Hong Kong Island have recorded 2 transactions last week,increased 1 times by week.Indicator estates in Kowloon recorded 6 transactions,rose 1 times weekly,as for the indicator estates in New Territories have recorded 6 transactions,rose 20% by week,of which the Kingswood Villas have the best performance,recorded five transactions.
The previous secondary market atmosphere sink to the bottom,some of the owners are willing to discount the price,of which Ocean Shores in Tseung Kwan O have first recorded a transaction which involved below $4.0 million HKD,according to Midland Realty chief senior sales manager Wun Sin pointed out that the transaction unit located in Flat B,Middle Floor,Tower 15 one-bedroom unit,priced at $3.95 million HKD,salable area of 405 feet,$9,753 HKD per sq.ft.Original owners in February 2010 to $2.65 million HKD to acquire the unit,hold stocks until now has been appreciated 49%.
New Haven in Tsuen Wan have recorded a discounted transaction,Midland Realty Joint Regional Manager Si Wai Sam pointed out that Flat E,Upper Floor,Tower 1,2-bedrooms unit,the owner have discounted a total of $320,000 HKD,finally in $5.38 million HKD undertaken by the buyer.The unit of saleable area 543 feet,equivalent to $9,908 per sq.ft.Original owners in March 2011 to $4.23 million HKD acquisition of property,property appreciation of 27%.
18 transactions recorded in the first-hand properties on Sunday
As for the first-hand properties,as of 8:00pm,integrated the market news and the digital of first-hand network,recorded a total of 18 transactions on the property market yesterday,compared with 200 transactions which recorded last weekend,reduced 90%.Of which,the YOO RESIDENCE in Causeway Bay recorded a transaction;The Rise in Tsuen Wan recorded three transactions;Lions Rise in Wong Tai Sin recorded a transaction; Tai Kok Tsui Long Beach also recorded five transactions;Park-Metropolitan recorded two transactions,tired sold over 115 units,cashed in over $8.5 billion HKD;Tai Po The Graces•Providence Bay recorded one transaction,tired sold over 75 units,cashed in over $1.7 ten billion HKD;The Reach in Yuen Long have recorded two transactions.
In addition,Park Signature sold 6 units in last weekend,of which 3 units transacted on Sunday,the project have tired sold over 830 units since the sale opened until now,accounted 90% of the 924 units which available for sale,cashed in over $3.3 ten billion HKD;and the new batch of 66 units will close the registrations tomorrow,will open the sale after balloting on Tuesday,the market pointed out that the developers have recorded over 30 registrations so far.
