Hong Kong's Wen Wei Po News ( Reporter Fong Choi Yan ) The government made it clear that " spicy move " won't withdrawal or even reduce,coupled with the new property hot sale,so the secondary market need to cut the price in order to attract buyers.Taikoo Shing Champion Court a unit,put on sale in the early June to recently,discounted around 1.12 million HKD in total,decreased nearly 10% within 3 months.Ricacorp Research Department refers to the first half of September in Hong Kong 50 Index trading estates recorded only 193 transactions,compared with 263 which recorded in the first half of August,27% reduction in total,it is expected that the turnovers of the forth season is still weak.
Centraline deputy of regional sales manager Chen Biao means,Taikoo Shing Champion Court Flat E,Middle Floor,Saleable Area 714 ft,three-bedroom suites Owners said the asking price of $ 1.15 ten million HKD in the early June due to sluggish market conditions,it is agreed that greatly reduced $1.12 million HKD to $1,038 ten million HKD changed hands,representing a decrease of approximately 9.7%,practical ft $14,538 HKD.Original owners in 2010 to $7.2 million HKD acquisition of property,resale profit of $3.18 million HKD.
Oceanaire $8,777 per sqft.
Also a part of the primary properties attract customers by discounted price and lower than the market price,Midland Branch Sales Manager Wong Ka Lok said that the primary properties impact of slowdown in trading in Ma On Shan,some owners have softened and cut price of the transaction.Ma On Shan Oceanaire Flat B,Lower Floor,Tower 6B,salable area of approximately 752 sq ft,three bedrooms,the owners initially
offer seven million hkd,after bargaining $400,000 hkd,finally sold in $6.6 million Hkd,ft salable area of approximately $8,777 HKD,representing lower than the market price slightly.
Centraline Regional Sales Manager Fan Wei Hong refers to Tung Chung Seaview Crescent Flat E,Upper Floor,Tower 3,516 square feet of usable area units,two bedroom units from $5.0 million to $4.828 million HKD turnover,a decrease of about 3%,the average utility ft price of $9,357
HKD.Centraline Senior Regional Sales Manager Chui Hoi Chi refers Ma On Shan Centre a units of Flat D,Upper/F,Tpwer 1,utility area 634 square feet,three bedrooms,the owners asking price $6.16 million HKD,the recent slight decrease $60,000 to $6,100,000 HKD changed hands,$9,621 HKD per practical sq ft.
Ricacorp Properties CEO Liu Wai Kung believes that September is the world of first-hand new properties,the purchasing power switch to single-handedly,coupled with the high prices of second-hand market,trading is getting worse,becoming the worst since April.First half of September in Hong Kong 50 Index trading estates recorded only 193 transactions,compared with 263 transactions which recorded in the first half of August,a decrease of 27%,the transactions of this half month becoming the third low record in this year,the performance compared to the first and second half of March only 159,and 152 transactions respectively slightly better,it is estimated that the entire forth season of the secondary tradings will remain weak.
Trading dropped for all the territory
In the meantime,the territory secondary trading across the board fell,Hong Kong Island indicators estate prices remained high,prospective buyers have weak interested in entering the property market,the secondary market trapping in have price but no market situation,HK Island 9 indicators estates recorded only 25 transactions in the first half of the month compared with the same period of August 43 transactions greatly reduced 42%,of which Taikoo Shing, Nan Fung Sun Chuen and other trading each dropped 55-83% range.
Due to the fact that there are new properties in New Territories launched out the sales continuously,project pricing restraint,stole the source of first-time buyers and change-flats buyers,the 20 indicators estates only recorded 88 transactions in the half of month,monthly reduction of 27%,except Kingswood Villas and Newport,Sha Tin City One,Tsuen Wan center only recorded number of units traded in half of the month.Kowloon District 21 indicators estate sale transaction still recorded 80 transactions,representing a decrease of 19 percents compared to the same period of the previous month.
