CCI rose a total of 13.3 percent,agent felt optimistic about it will keep on rising this year
Hong Kong's Wen Wei Po (Reporter So Hung Chung)At the beginning of 2015, property prices starting from a high level and review the results of the property market last year,the property prices rose a total of 13 percent on the whole year, significantly outperformed the stock market more than one percent annual increase only. Meanwhile, second-hand housing trading consistently break the top of the sound as a whole,the cost of which 2-bedrooms unit of Telford Gardens has to break through seven million,reflected the prices with a more positive towards the peak,more market participants expect prices in some areas this year have a chance to get 20% increase recorded.
Centaline Senior Associate Director Wong Leung Shing pointed out that the 2014 sale of the property market buoyant atmosphere,the prices continue to rally,it is estimated that until the end of 2014, reflecting the prices of Central City Index (CCI) to reach 132.00 points and 116.52 points at the end of 2013, with ratio of about 13.3% annual rise in property prices. The other side, the Hang Seng Index (HSI) movements over and over again, December 31, 2014 Hang Seng Index closed at 23,605.04 points, compared with 23,306.39 points at the end of 2013, the annual Hong Kong stocks rose by only 1.28%. Show the performance of the local property market in 2014 significantly outperformed the stock market, property prices rise more than the stock market gains.
Property prices in the first quarter of 2014 rampage, CCI from January to March period continued to hover at 115 points. But with the family's needs and strong purchasing power, pushing up the property prices, rose through the successful 2014 CCI 120 points resistance level, and record highs. CCI by 115.91 points in March, up to December forecast of 132.00 points in the second quarter to the fourth quarter of approximately 13.9% cumulative increase in property prices.
Hong Kong stock rose and fell which limited on the fetched
As for HSI last January to July period the better, in July once more to break resistance at 24,000 points,rose to 24,756.85 points, compared with the end of 2013 of 23,306.39 points, the first seven months rose 6.2 percent in total.HSI subsequently failed to advance further up the highs from July to 23,605.04 points at the end of 12 months tired and fell 4.7%, resulting in the stock market last year, edged up only 1.3%.
2-bedrooms unit of Telford Gardens have undertaken by a buyer with the price of HKD $7.0 million
Second-hand property market have hit a new high records,increased from the first to the end of the year,of when East Kowloon indicators housing estate,2-bedrooms unit of Telford Gardens,catch and break through at the end of seven million.Centaline Lee Kam Fai said that the unit located in Room 8,Upper Floor,tower N,with 588 sq ft of salable area,transacted with the price of HKD $7.1 million,with the average price per square foot of HKD $12,075,become the first transaction with the price of more than HKD $7.0 million.The original owners in 1988 was only HKD $907,000 to purchase the unite, hold stocks for 26 years to sell it,the sharp appreciation of the property during the period 6.8 times.
'Four Dragons'is expected to be rose 20%
Tsuen Wan's small size units also appear high unit price of the transaction,Midland Realty Leung CHung Wai said a practical stand about 244 square feet of tiny unit transacted with the price of about HKD $3.57 million,with the equivalent price of about HKD $14,631 per sq.ft,recorded 15% higher than the market price.The original owners in 2012 to about HKD $2.6 million to purchase this property,the resale this time with the profit of HKD$979,000,with about 37% of property appreciation.
There are a number of new properties in the West Kowloon put up for sale in 2014,which have driven the property price in the district rose together.Centaline Ouyang Chun Bon said that of which'West Kowloon Four Dragons (Banyan Garden, Liberte,The Pacifica,The Big Blue) increases ranged from 11.6 to 22.5 percent. This year,Nam Chung station project which dveleoped by SHKP and 2 projects which developed by HS will have the opportunity to put up for sale, can further stimulate second-hand property tradings,'Four Little Dragons' have the opportunity to increase prices up to an average of 20%.
