The property market haven’t picked up yet after the holiday,most of the "Top-ten housing estates"have no transactions recorded
Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok) HKMA have moves to tighten mortgage,the first and second-hand property trading almost frozen in the first Saturday and Sunday. Taking all data between correspondent, ten housing estates in the past two days, recorded only 2-6 second-hand transactions, up to seven housing estates recorded "zero turnover." Only primary real estate recorded 14 transactions (see draft). Agents means buyers and sellers now having different mentality, some asking prices of owners have softened slightly, but difficult to change the unit,yet sharply reduce the price situation, and prospective buyers are looking forward to the units on the property market, so that the sale of trading in the doldrums. At the same time, many real estate such as Wan Li Fang, Nam Fung Sun Chuen, Quarry Bay, but after another "break the top" of the transaction, market conditions presented "the price rise and the amount fell" situation.
Nam Fung Sun Chuen, Quarry Bay, breaking the top record of the transaction, the message refers to theunit located in Flat F,Middle Floor,Tower 5,with the utility area of 391 square feet, the owners had the asking price of six million,is now reduced to HKD $5.95 million traded,with the price of HKD $ 15,217 per sq.ft, price In addition to creating a new kind of high record, its price per square foot estate more climbing on high. The original owners in 1993 to HKD $1.65 million to purchase, profit of HKD $4.3 millio, earned about 2.6 times the width. Transaction price per square foot is the more times before catching the last train created by the old record of HKD $15,089,also recorded HKD $128 higher.
Bought the unit of H cube with new high price before the commencement of spicy trick
In addition,Midland Realty Mok Tsz Kim said there were buyers to take advantage of pre-enrollment spicy effect to buy the property with new high price overnight.The unit was located in Room 1,Upper Floor,H Cube,Tsuen Wan,with the utility area of about 244 feet to about HKD $4.15 million turnover, the price per square foot of salable area of about HKD $17,008,is the high price of new housing estates feet, so the housing estate over the past week to break the top of the second degree . Original owners in March 2013 to HKD $3.58 million to purchase such property, not the tax book resale items earned about HKD $570,000, about 16% of the appreciation of the property and changed hands.
HKMA moves, showing secondary trading "the price rise and the amount fell". Cheung Kong executive director Justin Chiu said that Hong Kong is quite good economic fundamentals, strong rigid demand, the burden to the public would want to have a home ownership, I believe the situation going to be stable after a sharp increase in supply.
Midland Realty Kowloon indicators housing estate have no transactions recorded
According to the Midland Realty branch statistics, in the past two days the big blue-chip housing estates recorded only six Transactions,an increase of 5 transactions when compared to the previous weekend of Spring Festival,but still fell about 33% over the Lunar New Year weekend of 9 cases, Up to seven housing estates have no transactions recorded,including City One Shatin, New Territories, Kowloon four indicators estate deal more unheard.
Midland Realty Chief Executive Officer of Residential Departmetn Pu Siu MIng said, after adding spicy, some owners asking prices have softened slightly, but difficult to change the unit, temporary no hurry to put on sale or circumstances of a substantial price reduction, and many prospective buyers are a Owners wait aspects reaction, expect flat source appearance, on the other hand, some are also affected by the tightening of mortgage, need to re-examine the financial strength for further intend to enter the market, so that the secondary is in the doldrums. Instead, the new properties to provide mortgage incentives to attract a lot of buyers,it is believed that adding spicy will further catalyze the first-hand property deal.
Centlaine Top Ten housing estates was more quiet, the group efers to the past two days only recorded three transactions, seven housing estates have no trnsactions recorded. Ricacorp Properties president Liu Wai Kung said the group in the past two days, top ten housing estates only recorded 5 turnovers, compared with during the Chinese New Year weekend, more than 25% only.
He said that the the market needs time to digest the new measures of HKMA,it is believed that there will be buyers on the sidelines this time taken until the message is digested, the market will respond on track to accelerate the pace of the market in order to meet actual needs. As for Hong Kong home, the top ten housing estates in the past two days, recorded only two transactions.
