Kong Wen Wei Po News (By Liang Yueqin and Choi King Jing Man)
As government continued lunching strict measures and tightened the mortgage percentage, plus with new projects grabbing market attention, also second hand property owners are strong on price, second hand residential market transaction is weak, large size property transaction among is more dull, leading no one among ten large housing projects has transactions above 100 in single month of this year. Another side, among the latest second hand private residential property transactions with seller's buying price is known, 98.9% of the transactions are profitable, rate of which up to the latest peak in three months.
According to company data research department synthesize land registry, among the ten large housing projects in the first eight months of this year (until August 17th), Kingswood Villas which has the most transactions even not sold more than 500 units, and Sha TinCity One only has transaction near to 300, while Mei Foo Sun Chuen only has 263 transaction, Midland Lead Analyst Lau Ka Fai pointed. As for Metro City, Taikoo Shing, Tsuen Wan Centre, South Horizons, Whampoa Garden, Laguna City and Kornhill Gardens each only has transactions between 127 and 178.
Ten large housing projects transaction down 8.8% by year.
During these ten large housing projects, in the first eight months in this year (until August 17th), 2,091 transactions were registered, down about 8.8% than 2,293 transactions in same period last year; Reviewing the whole second hand residential property market in same period, about 30,743 transactions were made, slightly up about 4.8% by year, so ten large housing projects transaction performance was behind the leading market. Some among the ten large housing projects even have obvious falling, like Whampoa Garden down 26.1% by year, while Sha Tin City One and Taikoo Shing respectively fell by about 18.8% and 16.2%.
Profitable transaction ratio of last month rises.
Second hand private residential property transactions in July with seller's buying price is known are 2,897 with 2,865 among are profitable, leading ratio into 98.9% which up 0.3% than data in June and it is the latest peak in three months, Centaline Property Research Department Senior Associate Director Huang Leung Sing pointed in report yesterday. Funds turned to property market because stock market volatility in July, making property price repeatedly rising, so second hand profitable private residential transaction ratio will maintain at 98% in August, he predicted.
During six profitable ranges, second hand property transaction in July with book profit above 50% takes 78.2%, up 2.6% by month. Transactions with book profit at or under 10%, 10%-20%, 30%-40% and 40%-50% respectively takes 2.1%, 3.5%, 5.2% and 5.8%, down respectively by 0.3%, 0.2%, 1.3% and 0.8%. As for transaction with book profit at 20%-30%, it takes 5.2%, same to data in June. Kingswood Villas has the most second hand profitable transactions in July, which is 64. Sha Tin City One ranks the second by 45 tansactions. The average profitable ranges in each transaction among these two projects are respectively 1.62 times and 1.45 times.
Ratio of transaction under HKD 7 million rises.
Besides, second hand residential property transactions in July are 4,516, slightly up by 0.6% than data in June, Ricacorp Properties real estate research department director Chen Hoi Chiu expressed yesterday. There into, 3,449 transactions are under HKD 7 million, taking 76.4%, which up 0.4% by month, and also the down trend in first half year stops.
User demand supports small and medium cost property transactions, plus stock market crashed since the end of June to the beginning of July, which blocks house changing customers and slows down the transaction of medium high cost property, Chen Hoi Chiu pointed. Among the transaction ratio of residence between HKD 7 million and HKD 10 million falls by 0.3% into 12.8%, and transaction ratio of residence above HKD 10 million also down by 0.1%, but it still maintains above 10%.
