Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum) 'Occupy Central' continuing operations more than a month,the impact on all walks of life continue to emerge. Sun Hung Kai Properties (0016) Chairman and Managing Director Thomas Kwok admitted yesterday after attending the shareholders' meeting,'Occupy Central' affected retail, transportation,hotel industry and hotel business,reservations and wedding feast also significantly reduced in September to since October Ritz-Carlton Hong Kong Kowloon Station-than-expected business volume fell 10%, the turnover of the Four Seasons Hotel Central also affected 1-2%,the other hotels also have 4-5% affect,the next two months Hotel reservations situation are also worse than the same period recorded in last year.
Thomas Kwok also stressed that unless there is a sudden event,SHKP still optimistic about Hong Kong's future,does not slow down the pace of investment in Hong Kong and the Mainland. He believes that the impact of 'Occupy Central' will be reflected on the economic performance in the fourth quarter,which cause he Government need to amend our economic growth forecast to 2.2 percent,the market is expected the US will raise interest rates next year,Thomas Kwok estimates that the local property market next year is good health and with good stability.
Short-term factors do not affect the investment
As for the residential property market,he expects the average annual supply of private residential units in the next four years about 16,000 units,from the recent demand for new units displayed,there are much own home-use buyers and long-term investors,the small and medium sized residential units sales in relatively active,significantly reducing the speculators,so it is estimated that the property market will be stable and healthy development,unless there is a sudden event,SHKP investment in mainland China and Hong Kong will not be slowed the pace of investment down because of in short-term factors,as each investment period is 5 years to 7 years. In the long run,SHKP felt optimistic about Hong Kong's future.
As for the recent price of the new properties in Tseung Kwan O sold more cheaper and cheaper,SHKP Deputy Managing Director Lui Ting pointed out that to sell The Wings IIIA, IIIB with the ideal results in the past two months,of which The Wings IIIA have been sold 97%,most of the launch units of The Wings IIIB have been almost sold out,but there are also many buyers who wanted to change their unit in Tseung Kwan O,so that the 2-bedrooms unit were popular in the earlier days,as for 3-bedrooms units of The Wings IIIB which launched out for sale this time also welcomed by many buyers who wanted to change their unit,reflect the actual needs of the market for flat,so he is confident on the sales of The Wings.
Lui Ting also said that the recent first-hand properties recorded hot sale continuously,the other developers also actively absorb the land bank,land price was reasonable,Pak Shek Kok residential land which have failed the bid once with the reasonable transaction price,SHKP have a number of new residential projects to sell every month,at the same time,will also be bid for the lands flexible and actively.
Lui Ting said the group will follow regulations and sell the properties
For Consumer Council recently blasted the primary residential property sales Authority supervision,can not stop include 'squeezing toothpaste' sale of flats and other damage formula marketing practices and consumer rights issues,Lui Ting responded yesterday also means that the Group has been selling properties to follow the relevant laws and regulations there is clear to customers,including prices and other information to customers.
Group also refers to the earlier new property sale such as some units of The put up for sale, because of the venue,the last prospective buyer should pick picked up late at night,so it decided to sell the partial segment.The group recently put up Deauville in Ting Kau and The Wings IIIA and IIIB in TKO for sale,once published price lists,the gorup will all put up for sale.
The maintenance period was far exceeds than the recommendations by The Council
As for the Council recommends building maintenance period from six months to one year,Lui Ting pointed out that HSKP have extended the maintenance period of the new properties from two years to three years,as the industry's longest maintenance period,the property sales in the future will keep the information for future clear and increase transparency.
