Civilian's 'plan of buying property' haven't blocked by the spicy tricks which launched out by the government.Hong Kong people who wanted to buy their own property,except need to choose smaller flats,also need to choose a flat much far away to the urban area,moving to the new town is the trend.Although Hong Kong people need to choose a flat much far away to the urban area,but still need to choose a unit which with price and market.The property price in New Territories was much lower than the other district,so Tuen Mun and Yuen Long which located in The West of New Territories have the most property supply in recent years,becoming the first choice for first-time buyers to choose their property.However,investment in the region,the appreciation potential could rival the urban area or not?if there are oversupply,the property won't raise anymore?How about the transportation costs?Following two weeks ago after the newspaper analyzed the prices in Kowloon East,and this time have found some various experts in order to dismantling the property market prospects in Tuen Mun and Yuen Long.
■ Hong Kong Wenhui newspaper reporter Wong Ka Ming
Near the end of the year,spict trick of property market have accompanied Hong Kong people through a summer and winter," the amount of decline in value does not fall " has become synonymous with spicy trick, the property prices callback wasn't like people expected .Meanwhile,according to the Central Plains prices index,Central City district of New Territories West leading index from the 2003 low of less than 30 points rose to a record high of existing over hundred point level,in percentage terms,the increase is even higher than in Kowloon.Notably,New Territories West index rose in February by over hundred points,has been steady at that level,but Hong Kong Island and Kowloon restrain their historical high record ( about 130 points and 120 points ),reflecting the property prices in New Territories West enterprise policy market was stable.
Second-hand properties have high appreciation potential
Some second-hand transactions of indicators housing estates,for example,Flat C,Middle Floor,Tower 1,Tai Hing Garden Phase 2,utility area of 447 feet,two atrial septal recently to sell HKD $2.87 million,HKD $6,421 per practical feet.Original owners in November 2011 to HKD $1.99 million bought the unit,the appreciation of 44% in just two years,profit HKD $880,000.BENEVILLE which in the same district,Flat H,Lower Floor,Tower 2,usable area 428 feet to HKD $3.1 million changed hands recently,feet practical price of HKD $ 7,243.Original owners in May 2007 to HKD $1.28 million bought the unit,hold the unit for more than 6 years,got profit of HKD $1.82 million,recorded 1.4 times appreciation.The appreciation potential less than some small and medium units of the urban area,the prices set off first base is also an affordable price for the first-time buyers.
In addition,the new indicators housing estates YOHO Town in Yuen Long,a unit which located in flat H,Lower Floor,Tower 2,usable area 516 feet,sold in HKD $5.0 million,price of HKD $ 9,690 per practical sq.ft.Original owners in May 2011 bought the unit in HKD $3.429 million,with a profit of about HKD $1.571 million, about 46% of the appreciation in two and a half years,the increase haven't fall behind the market.
The new property sale have demand,the price was progressive
As for the new proerty market,none other than the hot sale of the new property of SHKP Century Gateway Phase 2 which launched out on sale recently.SHKP known as " selling properties every month ",Century Gateway Phase 2 provides 911 units,belong to one of the key property sale from the Group for the year.The developer launched out the first batch of 203 units with the price equivalent to over 11 % discount off,the average price of HKD $9,524 per real sq.feet,recorded 20% lower than the second-hand property transaction price of Century Gateway Phase 1. However,if the comparison of the two units in Phase 1 and Phase 2 respectively of the same type of first-hand price,Phase 2 generally more expensive than Phase 2, which reflects the small units offer still ahead,the developer remain optimistic on the local purchasing power.
Yuen Long District is also no shortage of new properties up for sale,Park Signature in Yuen Long have sold more than 950 units since the sale have opened till now,accounting for over 90% of salable units.Fellow The-Woodsville sold nearly 200 units,has sold more than eighty percent of the salable units.Coupled with The reach which in cooperation with the New World and Henderson Land have sold out more than 1,300 units this year,sold approximately 1,970 units in total,just calculated with these three new properties in Yuen Long alone,have recorded sold out more than 3,000 units,it have reflected the small units still have price and demand,which have shown the purchasing power is amazing.
Looking forward to the new property sales next year,industry estimated that there are 4,354 units in Yuen Long can be supplied to the property market,of which the 15th district have the largest scale,provided a total of 2,508 units,no lack of supply,but the purchasing power whether the continuation of the previous strong,will depend on the overall property market sentiment have been improved or not next year.
