Developers said the price should be reduced to the level of the market can undertake
Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum ) Government spicy strokes hit luxury market,SHKP Axed Price and rebate 70% spicy tax sell unsold Cullinan at Kowloon Station,attract local and mainland visitors into the market.Market sources,as of last night,only tired received about 900 votes,which is more up for sale this Saturday 60 partners over 14 times.Cullinan Axed Price trigger a chain effect,the
other new property sales also numerous promotions in order to attract customers.Some developers admitted that luxury property prices have been changing its stance,the property market is bottoming,the developers will be adjusted on the pricing strategy should be reduced to " make the price acceptable is the only price can sold the units."
The market have good response on Cullinan hack spicy tax rebate,in recent days has attracted many local and mainland visitors to the current floor model flats ,market sources,as of last night has ended tired received about 900 votes,which is more push this Saturday
sale 60 partners over 14 times.In view Cullinan successful strategy,CSI 's in Causeway Bay " yoo Residence " also on Saturday until 20th of this month,a cash rebate for Hong Kong buyers and non- local buyers pay the full and half stamp,disguised 7.5 to 11.5% discountto the stock,and launched out 15 partners in an original price,this Saturday and Cullinan confrontation.
Cullinan received 900 votes exceeding 14 times
yoo Residence announced last night by this Saturday ( the 12th ) to 20 period,the name of Hong Kong permanent residents with private purchasers,receive subsidies entire Stamp ( including general stamp duty and stamp duty double ),namely a maximum of 7.5% in prices ; non-Hong Kong permanent residents or companies buyers,receive subsidies half stamp ( including general stamp duty,stamp duty BSD buyers and double stamp DSD,namely subsidized prices up 11.5 per cent).Developers also launched extra 15 partners,this Saturday sale price of a single display,this batch unit average price of $32,317 HKD per real sq.feet,useful area from 355 to 539 feet,priced from the $1.19564 ten million to $1.806728 ten million HKD.
For its upcoming days Boundary Street,Cheung Sha Wan " High Park 'asking price of Henderson Land Sales General Manager Lam Da Msn
yesterday admitted that the Government property spicy and second strokes increased overseas buyers who purchase units cost,luxury prices will continue downward adjustment,major developers pricing strategy will be adjusted to be closer to market sales of new properties.He believes that " no matter to what concessions, split valence 10 percent,30 percent to 90 percent,ultimately reflected in the price,make the price acceptable is the only price can sold the units."
Cullinan split price in order to attract customers, such as the development of the Sino Land Tai Po The Graces • Providence Bay yesterday launched the sale odf the third period of 30 partners ,sales continued to slow down,sold only two partners,namely theFlat B,7/F,Tower 6,1,079 feet of usable area ,net 6% discount price $1.471 ten million HKD ; Flat A,6/F,Tower 10,Useful area 1,456 feet,after deducting 6% discount price $1.7452 ten million HKD. Sino Land Sales associate director Tian Siu Yuen,said The Graces • Providence Bay sold 41 units in just six days ,cashed in more than $8.60 billion HKD, with an average of over $ 2.1 ten million per partner,with an average price of $14,570 HKD per partner ft,primarily for the use of home buyers,showing that there are many users on the market high- density luxury residential needs.
Other new property sales also turn static,comprehensive information and first-hand residential sales page shows up Tsuen Wan The Rise sold two partners,Yuen Long Park Signature and Residence 88 sold a partner respectively.
Midland Realty chief analyst Buggle Lau pointed out that "3D spicy strokes" (SSD (SSD),buyer stamp duty (BSD) and double stamp duty(DSD))
after the introduction of measures to combat large silver significantly larger property code.Such as spicy trick so greatly reduced market demand,also contributed to slow down the introduction of the developers of such properties of silver codes and sale suitable for first-time buyers into the market,this situation is quite obvious in the previous season,resulting in a third season more than $2.0 ten million cases performance was eclipsed.
Residential sales involved in more than $2.0 ten million HKD plummeted
The data show that first and second-hand housing registered cases which involved in more than $ 2.0 ten million continued to decline,in the third season recorded only 224 cases,quarterly reduction of about 14.8%,since the fourth season of 2008 after the outbreak of the financial tsunami becoming the lowest record om nineteen seasons,near five-year low.Which accounted for the proportion of overall residential registrations,the third season is only 1.9%,the first time fell below 2% level since the second postseason of 2010,and it recorded a thirteen-seasons over 3 years low.
