Justin Chiu: No intention to sell hotels
Article from The government introduces new tactics to greatly reduce transactions, part of the developers need to cut the annual sales target, Cheung Kong government moves to take care of the people's demand for home ownership is understandable Group remain optimistic about the prospects. Cheung Kong executive director Justin Chiu said yesterday, the Mainland and Hong Kong sales target this year together a total of 350 billion to 400 billion Hong Kong accounted for 30 billion HKD sales target, the same as last year's goals, available-for-sale units will reach 5,238 flats, which is equivalent to Hong Kong House years for 1/4 of the target of 20,000 flats, invasive Group new high.
Justin Chiu Cheung Kong in Hong Kong this year, will launch five new disc, including the plan in the first quarter put up for sale in Tsuen Wan Kwok Shui Road l Mount Faber, three of the sale in the first half of Lohas Park in Tseung Kwan O, the third quarter of this year launch of the Tsuen Wan West Station 7, Fung Yuen, Tai Po Arashiyama, launched by the end of the second quarter or the third quarter and the first half of the sale at any time at Electric Road, North Point residential project. He pointed out that the five real estate market value of more than 30 billion HKD, the project successfully approved Consent books will be postponed sale, not hoarding, the future will be in accordance with the usual practice, the first batch of flats will discount to the market 2-3%. For the overall property market, he expected decline in property prices this year will not exceed 10%.
Maintain Hong Kong's 30 billion sales target
He said Cheung Kong sold more than 3,500 units last year, about $ 30 billion in cash, due to the Tseung Kwan O Lohas Park three and seven districts of Tsuen Wan West Station project, originally thought to pre-sale consents approved last year, but the final is not approved, so the two projects postponed to put up for sale this year, so this year for increased sales. He continued, Group first launched the project a chance Kwok Shui Road, Tsuen Wan, the disk two to three bedroom units, trick no direct relationship with the Government launched the spicy, purely because of that the disk is the fastest approved The pre-sale consents.
For developers down this year, the sales amount of the target, the Justin Chiu would not comment on the same industry views on the property market, but the Group available this year, unit sales of more than last year, reflect on this year, the Hong Kong economy and the property market is still full of confidence.
He also pointed out, never worried about government moves that the Government has a responsibility to regulate the market, to take care of the needs of the public in buying nothing wrong, do not worry about the market push plate increased this year, will cause too much competition, anti-public more choices, favorable market atmosphere. Asked whether Hong Kong should follow the example of the implementation of a capital gains tax on the Mainland, he responded that the measures involve changes to the tax system as a whole, do not want to comment on.
The Government has just announced this year to sell the surface, he believes, the Government introduced the different types of land, to take care of the various needs of the market and appropriate practices. As for tomorrow's cut the subject of Ho Man Tin site, he said, have development experience on that lot, and the land is located in the luxury residential area, the Group's interest, but is still in the research stage.
Apex Horizon several rescission
He also said that, based on this year's Group, the sale of flats, at this stage, does not intend to be divested hotel. The Apex Horizon signed last week has been 95% buyers can the project completion period of 4 months, and have not received any cases of rescission, even several rescission is also normal.
