Hong Kong's Wen Wei Po News (Reporter Leung Yuk Cum,Chui Yuk Ban)Due to the news of exit schedule of the Federal Reserve,also Financial Secretary John Tsang Chun-wah warned that Hong Kong may lift interest rates sooner than the United States,which will add the volatility in the market,investors should take good plans to manage risks,it was damaging the transactions of secodary market of property.Major large estates in HK including Taikoo Shing, South Horizons,City One Shatin and even private housing estates in Tseung Kwan O,it caught zero turnover situation yesterday again.Individual owners face the reality and willing to give discounted,Provident Centre in North Point yesterday the owners big chop Price $ 1.0 million HKD,a decrease of 6%; Healthy Gardens are also owners of discount $380,000 HKD,a decrease of 6.4%. As for the primary disk is more sluggish sales,market sources,Fanling Morrison sold a partner only yesterday.
Central Asia (residential) president, Mr Chan said yesterday Secondary market of Penny House still have deal,the transactions were similar with last Saturday, but over a thousand million mansion continues to be a heavy cost implications spicy trick,trading fairly sparse,he pointed out, If the United States once the delisting,rising interest rates, rising costs will make the sale,and further play snapped property,so he is not optimistic about the second half of the property market, with an estimated luxury property prices would fall 20%, small and medium residential property prices will fall 5%,a Used monthly trading volume of only 4,000 cases per month to maintain a low turnover.
Ccentraline:The price of mansion bearish 20%
The sales of firts-hand market bleak, Morrison launched 95 partner in an original price yesterday,but the reporter which have seen the situation in the sales office of Miramar Centre at 11:00 yesterday morning,not much prospective buyers are there,and the market sources pointed out that,Fanling Morrison sold only one partner yesterday.
Reduction cases emerged in North Point
Century 21 Sunrise Wong Man Lung said,by the affect of U.S. delisting comments,large estates property surveys recorded 10% reduction by week obviously in North Point,lower the sentiment of the prospective buyers enter into the market,some are not counter-offer immediately,some owners bearish outlook, ess impatient prices goes,Admiralty Centre,7 and B Lower Floor, salable area of 1,335 feet, the original asking price $1,650 HKD,greatly reduced one million HKD decided to put the sale of $ 1.55 ten million HKD,a decrease of 6%. Healthy Gardens same district level, Block G, Room 01, 448 feet of usable area,the owners of the original asking price 5.88 million HKD,$380,000 yuan yesterday also decided to discount, to $ 5.5 million up for sale,a decrease of 6.4%.
City Garden in North Point have recorded a discounted transaction,the unit located in Flat B,8/F, middle floor , usable area 958 feet to the southeast, hope landscape, the owners originally bid $ 11.4 million,subject to Buyer We moved discounted 600,000 to 10.8 million turnover, a decrease of 5.3%, ft salable area of $11,273 HKD,lower than the market price by 5%. Buyer for local passenger units purchased for own use. Original owners in July 2007 acquired the site,then price $5.838 million HKD, holding goods since 6 years,now selling the property,the book profit $4,962,000 HKD,nearly 85% of the appreciation of the property during the period.
The leasing cases in Tai Koo Shing recorded more than last month
Centraline Taikoo Shing Chiu Wing Hung pointed out that by external market conditions,no transaction have recored in Taikoo Shing yesterday,there were a deal recorded last Saturday,but the cases of leasing becomes active,at least 66 leasings have been recorded since this month,more than the 60 cases of trading which recorded last month,CHE SING KHOR in Taikoo Shing C Middle Floor, sable area 582 feet,just at a monthly rent of $20,000 HKD leased yesterday,real ft Rent $ 34,owners got $7.8 million HKD to buy in in April this year,still leased in $21,000 HKD this month,now leased to $20,000 HKD, monthly rate of return of 3% per annum.
Festival City in Tai Wai eclipse $5.1 ten thousand let sale
Century 21 Goodwin Li Shiming said Tai Wai Festival City G Flat D,Middle Floor,Tower 1 North Wing,salable area of 679 feet,3 bedrooms (1 suite) interval, get the view of Lion King mountain, price per sq ft salable area of $11,561 HKD,just to $7.85 million HKD changed hands, ft salable area of $11,561 HKD,is a market transaction.Off area for flatbuyers are considering flat for self-occupation or rental purposes. Original owners bought the property in November 2010,intended for self-occupation when price $7.901 million HKD,hold stocks for two years of eclipse of approximately $5.1 ten thousand HKD.
