Secondary market remain quiet,first-hand property grab for launch,peripheral haze
Hong Kong's Wen Wei Po News ( reporter Ngan Lun Lok,Leung Yuk Cum)Secondary market thinly traded,3D spicy tax hopeless short-term
cancellations,while new groups out of property space,to usurp the market purchasing power,coupled with the mainland economy and the U.S.delisting uncertainties,mainland owner have decided to split the price " abandoned brick."Involving units of Period 2 of Valais in Sheung ShuiGeneva Road East House,the property was originally bid $5.3 ten million HKD,the latter because market conditions softened successive reduction to $4.8 ten million HKD,and finally undertaken by a mainland businessmen,before and after the split price of up to $5.0 million,or 9.43%.
Assistant Associate Director of the Midland Realty Poon Ko Man said the deal were Valais in Sheung Shui house,unit salable area 2,792 feet,three bedrooms three rooms with garden and car parking spaces,sold in $4.8 teb million HKD,equivalent to $17,192 HKD per ft salable area.Original owners in October 2010 to $4,667 ten million HKD acquisition of property,goods held for resale three years,carrying only earn about $1.33 million,profit increase 2.85% ,significantly behind the market's growth.So far this month,Valais temporarily recorded two turnovers approximately,while the first eight months of this year recorded a turnover of approximately 7,the current price per sq ft salable area of $17,566 HKD.
Harbour Heights discount $920,000 within two two months
Owners of secondary market who want to let sale,discount become the only effective way out,there is a owner of North Point Harbour Heights
cut price of $920,000 in just two months ,and ultimately to $1.08 ten million changed hands,Tseung Kwan O,Ocean Shores also have owners cut price of $650,000 within a month,and ultimately to $5.7 million HKD changed hands.
Centaline said Flat B,Middle Floor,Nan Fung Court Harbour Heights in North Point,2 months ago to $1.1 ten million of asking price,felt weak
property market,coupled estates undergoing major renovation,it is willing to expand to 8.3% price reductions,the final cut price of $920,000 HKD,slightly lower than the market level prices to $1.08 ten million units sold,practical ft $12,679 Hkd,representing 3% of market price.Tseung Kwan O OCEAN SHORES,Flat H,Upper Flor,Tower 9,the original owners in July when the asking price $6.35 million HKD,buyers and sellers bargaining,the final regressive $650,000 HKD changed hands,more than 10% of the proposed increase to $5.7 million HKD turnover,practical ft $11,446 HKD.
Property transactions decreased by 7% last month
On the other hand,Ricacorp Properties head of research Chou Moon Kit pointed out that the United States "close the water" and the diffusion rate hike worries,the dull atmosphere of the property market during the summer,not only for flat circulation slowed significantly,"
White Form of HOS" craze has also cooled,resulting in August conveyancing registration fell.According to the Land Registry data obtained,August recorded only 5,100 cases in the territory of conveyancing registration (reflecting the July market conditions),compared with 5,489 cases in July decreased by 7%. However,given the August appeared more than $1.0 billion a hotel property for sale,so that total turnover inverted rose 9% to $3.0164 ten billion HKD,appeared "the volume fall and the value rise."
Chou Moon Kit pointed out that the United States announced the "delisting" buyers reluctant to enter the market,and owners were unwilling to cut prices attract customers,the price is becoming increasingly atrophy secondary trading under the see-saw;With the development of large-scale projects to accelerate sale should the city,residential sales was expected to bounce up from the current low multiples.Therefore,first-hand and second-hand housing market appeared"divergence",it is expected the conveyancing number of registration can be maintained at 5,000 cases in September.
