Tuen Mun which located in New Territories Northwest,there are many people grabbed for the small units in recent months,which cause the HOS price per square foot in the region rose to HKD $9,000 level.Market participants expect the region "admission fee" just three years rose rose 50% from HKD $2.0 million to HKD $3.0 million, the current rally, the potential to rose up to HKD $4 million mark in the short term period of time,it means the area as a the heaven of property for the first-time buyers increasingly eclipsed, homebuyers to buy the property only hope to be able to catch and revenue increase in property prices, or find a heaven of property for the first-time buyers.
■ reporter SO Hung Chung
With the tide to grab the property,the units which involved in HKD $3.0 million or below in Tuen Mun gradually digested by the buyers,under the strong demand have left many owners ambition shill,so it cause the units which involved in small amount of price endangered. Wells Properties latest statistics show that as of January 26 Tuen Mun HKD $3 million or below units (including private buildings and even the premium flats, SCHS, PRH) the remaining 189,compared with 931 units,significantly reduced 742 which recorded in the beginning of the year, a reduction of 80%; aspects of private units have fell 120,decrease 516 when compared with the beginning of the year,also with the decrease of 81%.
Reached HDK $4.0 million and with the shortage of the property source
The president of manywells Won Tun King means rising prices is the trend of the territory, although the current entry price of Tuen Mun level of about HKD $3 millio, compared with three years ago, about HKD $2.0 million and rose about 50, but compared to the HKD $ 5.0 million urban admission price still seems low level,’Tuen floor flat price will lower than the urban unit price forever",so it still attract the buyers with limited budge.
The property prices in every districts soared,except for various infrastructure coming on stream, the local supply shortages aslo cause supported prices,Wong Tun King means that there are a lot if elderly owners, has been completed the installment payment in recent years, but does not intend to change the unit while and funded generation of home buyers,not the general shift in the exchange floor, in increasing demand, the result of structural problems and gradually narrowed the units source. "HKD $4 million or below unit source increasingly tense moment,HKD $3 millionor below to buy the property is not too late’.
Single-building become the focus supply
Senior sales manager Lam Wai Kong of the group also pointed out that the number of units which involved in HKD $3.0 million or below in Tuen Mun has fallen to the lowest level since records began.Only calculate the private units,which serves mainly which only recorded 82 units which put up for sale,accounted for 68% of the total unit source and housing estate form Cade garden supply more units,but only 10 units can be choose,so it is believed that these units which involved in small amount of price will soon be extinct.
Just three months past, whether it is a private residence or private buildings, Tuen Mun keep on having new high record transcations (see left table). As of January 23, reflect the purchasing power,Manywells Tuen Mun property price per square foot of salable area to calculate the leading index,rose 395.3 points, 2.68% weekly rise; and to calculate the area of the building is to break 400 points,rose 403.42 points, by the week rose 1.97%. Coincidentally, reflecting the trend of prices Centa-City Leading Index (CCL) among the 28 housing estates in the New Territories West ingredient practical price higher than HKD $6,000 per sq ft across the board. One of the most flat estates to the number of Kingswood Villas in Tin Shui Wai and Tuen Mun Pierhead gardens, so far has risen to HKD $6,594 per solid feet and HKD $7,073 respectively.
