Local young new buyers came and The Reach sold 6 units on New Year's Day.
On New Year's Day of 2013, the holiday atmosphere was strong. Comparing with the open selling of new project The Corontion in Tai Kok Tsui in same period last year, the selling of new projects on New Year’s Day just so so and only 6 units sold which mainly from The Reach in Yuen Long.
Source pointed out, The Reach in Yuen Long developed by Henderson and New World sold 6 units yesterday. All buyers are local people and mainly are young new buyers around 20 years old. They mostly chose small units about 560 sq ft. It is believed that this situation relate to effect of the My Home Purchase Scheme.
Many new projects will be put on sale within this month and customer sources are locked.
In addition, many new projects such as High Place, The Wings 2 are planed to be put on sale in this month and many customer sources are locked. Single building High Place in Kowloon City developed by Henderson will offer price in these days at the soonest and will be put on sale at weekend. The admission fee is about HKD 3 million. Developer open the sample unit which in International Finance Centre of HK Central to Henderson Club members yesterday. Yao Wei-nan who from Hong Kong Property expressed, visitors came yesterday are major users. Since the major units of the project are open type units and 1 room unit, market news said some investors have intention to buy 2 units for renting. As for The Wings 2 in Tseung Kwan developed by Sun Hung Kai setting show room in Park Central yesterday, Li Yu-xiang from Centaline Property expressed, about more than 1,000 visitors came to the site for project data yesterday. Most of them are from same district and about 10%-20% are from other districts.
The market of second hand property is stable and 3 units sold in Tseung Kwan by record.
The second hand property trading still in low level. Bu Shao-ming, the New Territories director of Midland expressed, the second hand property trading yesterday kept in stable. Li Yu-xiang from Centaline Property pointed out, there were only 3 units sold in Tseung Kwan yesterday. Room C, high floor, building 2, East Point City of which the usable area is 460 sq ft sold at HKD 4.55 million and the sq ft price was HKD 9,891. Room H, building 6, Metro City 2 of which the usable area is 538 sq ft sold at HKD 5.38 million and the sq ft price was HKD 10,000. Room RD, middle floor, building 6, The Capitol of which the usable area is 704 sq ft sold at HKD 5.55 million and the sq ft price was HKD 7,883.
Greenview Villa drives second hand property selling in Tsing Yi hot.
Droved by Greenview Villa’s launching, the second hand property selling in Tsing Yi gets hotter. Especially, the visiting atmosphere of houses at small and medium cost is hot. Chen Hui-lin, who from Centaline Property expressed, room G, low floor, building 1, Rambler Crest of which the cover area is 680 sq ft and usable area is 485 sq ft sold at HKD 3.928 million. The cover area sq ft price was HKD 5,776 and the usable area sq ft is HKD 8,098. The buyer is user and from other district. It is known that, the original owner bought the above unit in August 2009 at HKD 2.15 million and earned book profit HKD 1.778 million from the reselling after holding it for more than three years. The unit appreciated 83%.
Unit in Tin Fu Court, Tin Shui Wai sold at HKD 1.58 million which is secondary market price.
Huang Zhao-wen from Many Wells Property expressed, room 3, middle floor, Tin Fu Court, Tin Shui Wai of which the usable area is 506 sq ft and the cover area is 665 sq ft favored by a new buyer from other district these days. This new buyer decided to buy at HKD 1.58 million ( secondary market price). The usable area sq ft of this unit was HKD 3,123 and the cover area sq ft was HKD 2,376. The deal price was slightly higher than market price. This original owner bought the unit at about HKD 686,000 ( secondary market price) in May 2001. It bought by a new buyer. The book profit of the reselling was about HKD 894,000.
Room E, high floor, building 3, Aqua Marine of which the cover area is 680 sq ft and the usable area is 510 sq ft sold at HKD 6.39 million. It has full sea view. The cover area sq ft price was about HKD 9,397 and the usable area sq ft was about HKD 12,529. Li Ri-guang from Hong Kong Property expressed, the current on selling units in same type are lack, so the buyer decided to buy the unit after visiting the house two times. It is known that, the original owner bought the above unit at HKD 3.65 million in April 2005 and earned book profit about HKD 2.74 from this reselling. The unit appreciated about 75%.
Unit in middle floor, Park Avenue in Olympic Station decreased 5% of the price and sold.
There are also some impatient owners low down the price and sold their houses. Wen Ai-ling from Hong Kong Property expressed, room A, middle floor, building 10, Park Avenue in Olympic Station is in cover area of 722 sq ft and in usable area of 578 sq ft seeing full sea view. The unit is rare and asked HKD 8.2 million at first. The price was lowed down HKD 400,000 to HKD 7.8 million with decreasing range at 4.8%. The cover area sq ft was HKD 10,803 and usable area sq ft was HKD 13,494. But Huang Qing-de from Many Wells Property expressed, room H, low floor, building 9, Sun Tuen Mun Centre in Tuen Mun of which the usable area is 597 sq ft and cover area is 750 sq ft bought by a property changing customer in same district. The original owner lowed down HKD 100,000 on the spot at decreasing range of 3%. Then the buyer decided to buy at HKD 3.08 million. The usable area sq ft price was HKD 5,159 and the cover area sq ft price was HKD 4,107. It was a deal at market price .
