Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum) "Primary residential property sales Regulations "came into effect at the end of
April,the developers adapted it for more than a month,in September began competing to launch out the sales.According to the primary residential sales page,as of 8:00 last night,tired sold since September 734 partners,rose 73.5 percent compared to August,still dominant in penny floor.However,under the discounted price and more and more discounts in the primary properties,competing offers and spicy trick against another flat chain,the secondary market trading into the ice-age.Industry estimates,September secondary volume may hit a record low,only about 2,000 were traded.Looking in October,a number of large new property will push out the sales,first-hand property sales will continue to flourish,the price will stick to the market price and increased the discounts in order to attract buyers.
New property sales in low price,agents can't earn anymore
Ricacorp Properties CEO Liu Wai Kung said that in September launched a number of new properties,estimated in September can be restored for
about 800 new cases of primary property normal level of sales.He believes that sales rose mainly from Tsuen Wan The Rise and Yuen Long Park Signature,but involves silver yard at $7.0 million or less units based,this month's agent commission income still losing money;expected
October the launch of the West Kowloon and Hong Kong Island,The Austin and Happy Valley mansion involved in large silver yards,so it will assistance the commission of agents.Liu Wai Kung admitted that the third quarter Ricacorp commission income housing in Hong Kong have fallen through the fourth quarter to be a large number of new projects launched,have a chance to break even,as developers push sales t accelerate the pace,it is expected that the primary properties will continue to stick to the market price and increasing the discounts.
As for the secondary side,Liu Wai Kung said due to the spicy strokes combat,first-hand properties competing cuts price and increased benefits,coupled with the current owners of second hand property have strong presided ability,nor cruel discount,making the tradings even more bleak.He estimated that in September secondary trading volume may hit a record low,only about 2,000 were traded;Since October there are many new properties put up for sale,so the secondary tradings may be more quiet.
The first-hand property tradings rose 70%
Midland Realty chief analyst Buggle Lau also said that spicy trick against the property market,even more impact on changing property market and the mansion,coupled with the developers were also used the Penny property as an attraction,so that the third season of five million HKD or less residential property in Penny 's relatively have good performance,the proportion of cases registered quarter rose to 8 ( of two years ) high. According to Midland Realty Research Division General Land Registry data show that without including the number of
the first-hand public housings,as of September 24 until the third quarter so far second-hand housing registered cases of $5 million or below totaling 8,041 cases were recorded,the total amount of a second-hand housing market registered 10,997 cases of 73.1% .Rate since the
fourth season last year,moving up for three seasons,and compared with the same season an increase of over 8 percent growth significantly.
In fact,not difficult to find in Penny properties fared better.As of September 24 ,the third season so far five million HKD or less in Penny a secondary residential property market recorded 8,041 cases have been more than 7,758 cases which recorded in the second full season,and a premium of approximately 3.6% ;contrast,more than 5 million HKD recorded 2,956 cases were temporarily still full season with 3,043 cases in the previous season,a difference of about 2.9%.
Expected that it's difficult to break ten thousand cases in full seasons,will be the second lowest record
Buggle Lau pointed out that although penny property cases this season beyond the previous season,but it is estimated to all seasons will certainly not breaking ten thousand cases level,it will be the second lowest since records began.
Figures were being compared to 15,452 cases last year fell about 48 percent,compared to the second season of 1997,42,739 cases of high record and plunged more than 80 percent.
In terms of second-hand housing estates calculations,the registrations of 4 housing estates in the third season which involved 5 million HKD or less,Kingswood Villas silver codes such cases most,temporary record 137,Shatin City One recorded 105 followed,but were less than the previous season approximately 23.9% and 15.3%; contrast,temporarily in the third season of HOS Tin Chung Court,Tin Shui Wai,benefited from the "White Form HOS"driven by, sharply surged nearly 2.7 times to 70 by season.As for the fourth Tsuen Wan Center,slightly higher than the previous season temporarily 2 cases to 57 cases in total.
