Hong Kong's Wen Wei Po News ( Reporter Leung Yuk Cum ) Cheung Kong Group which have said the sale target of $3.0 ten billion in the earlier of this year,until yesterday so far only cashed in $3.7 ten billion HKD,which means only reached 12% of the target.Asked that whether the group can meet the sale target or not,Cheung Kong Group executive director Chiu Kwok Hung said,never worry about can't sell any properties,just Invictus,look for a job in a day,when the government have approved a batch of sales paper,all the project will be launched out on sale,among of all,Wei Man in North Point which opened the price recently,this redevelopment project have the opportunity to put on sale in short term period,also hoping that the third period of Lohas Park in Tseung Kwan O 's sale paper will be approved as soon as possible,smile and said'hoping that you still can see me next year'.
As for the new properties will have tax concessions or not,he said,every developers have different sales tactics,actually discounts are reflect on the land price,when having the project which bought in the higher land price,there won't have such a discounts.
High land prices,preferential space is limited
Chiu Kwok Hung said there are developers provided several discounts recently,it is believed that it is related to the land price,the projects which are on sale are all with a low land price,so it provided spaces for the developers to provide discounts,also still still have a reasonable level of profit,but with the land price rise recently,if the sale need to maintain a reasonable profit,they should narrowed the discounts,or even put this discount cost reflected on the unit price.
He pointed out that although new property sales recently have cashed in over a hundred billion HKD,but compared to the previous month which have cashed in over $2.0to $3.0 hundred billion,this is only a small number,and the market still have sufficient capital.
'The third period of Lohas Park in Tseung Kwan O'ready to launch on sale
Chiu Kwok Hung said the group 's two railway projects are applying by MTR pre-sale consents approvals,according to the current schedule estimates,Tseung Kwan O Line LOHAS Park Station " The third period of Lohas Park ",compared to Tsuen Wan West Station seven zones ( also known as Universal ) have received the pre-sale consents earlier,the Group is ready for the sales jobs,after the pre-sale consents have been approved,it will put on sale.He also said that,Henderson Land Wei Man in North Point have just announced the price list,so they will pay attention on this project's sale,also will have the opportunity to launch out the sale of the redevelopment project of Electric Road in North Point.Tsuen Wan The Rise have sold 80% of the units.
As for some analysis refers to the Hong Kong property prices will fall 30 percent,he think that the recent Hong Kong economic performance remains positive,also with the low interest rate environment still remain unchanged,so it won't appeared the collapse of property prices in short term period.
Chiu Kwok Hung who is also the ARA Asset Management (ARA Asset Management) Chairman said CKH sale ARA Asset 14.07% stake to Singapore consortium Straits Trading Company (STC) in the earlier days,is mainly expected to have a strength partnership,which can cause ARA Asset Management more powerful in the future development,and it is still waiting for the Singapore Exchanges and Clearing Limited's approval.
Chiu Kwok Hung who is also the chairman of the Fortune REIT (0778)asked that buying the properties from the major shareholders Cheung Kong(Holdings) Limited,he pointed out that the Fortune REIT has no obligation to buy the properties of Cheung Kong (Holdings) Limited,also the Cheung Kong (Holdings) Limited have no responsibility to sell the properties to the Fortune REIT (0778).
The Austin slight increase the price of 1.25%
As for the other new property sales,Western Imoerial Kennedy of Sino Land have ended the votes last night,the news said that it received a total of 130 votes,with 20 units which will launch out on sale tomorrow,5.5 times over-registrations,the market passed that the biggest hand one who have entered 12 tickets.As for the The Austin in Austin Station take the advantages,revised the price list of 100 big units which announced in the earlier days last night,increased the price of 1.25%,with an average price of $29,101 per real ft,only received registrations yesterday,private capacity can only buy two units at most,with the company name can only buy one unit,will start the balloting tomorrow,Saturday 10 am will launch out on sale,among of 100 units,3-bedrooms unit accounted for 64,4-bedrooms unit accounted for 36.In addition,Chinachem Group Billionnaire Royale in Sha Po Road,Kowloon have uploaded the sale brochures,Causeway Bay yoo Residence yesterday recorded Flat C and E,30/F got parking subscription rights,the property have sold one unit yesterday.Wei Man in North Point announced they will launch out the first batch of 30 units on Sunday morning.
