Employees ask for house selection leave; Father provides HKD 2 million to help son buying public house .
(By Su Hongqiang)
Large project in Tsueng Kwan is launched in the end of May. Holding ten thousand registrations, Cheung Kong's The Beaumount II in Tsueng Kwan put on sale the first batch 401 units yesterday, and all sold out until last night before press time. Yesterday, there were many customers who are ready for marriage and investors on the sale office. Many employees ask for house selection leave yesterday, and they believed it doesn't matter, also there were kind fathers helping their son on housing.
The Beaumount II put on sale 401 units among the total 872 units yesterday by three stages, and customers focus to Hemera in earlier have the privileged subscription in first stage. 150 units for first stage were immediately sold out in less than one hour, and developer believed the sales speed was much the same to of Hemera in last month, so they were satisfied, the Executive Director of Cheung Kong Zhao Guoxiong expressed yesterday. Developer posted stock list and updated by each 15 minutes this time which helping potential buyers seeing house selection situation. Zhao Guoxiong pointed the Sales of First-hand Residential Properties Authority (SRPA) sent observer and they preliminarily consider the whole sale arrangement was proper.
It is said two rooms units will be launched soon.
There were all three rooms units, and Zhao Guoxiong pointed they will put on sale two rooms units soon. Yesterday, Hang Seng index sharply dowm more than 600 points. Zhao Guoxiong believed stock market may appear temporarily rising or falling because insiders may adjust fund distribution after earning profit, but the up or down will not affect property market much, and there is real house changing demand which warming up the market.
Many among the buyers are father who helping their son on housing. Mr Li who currently lives in public house in Tsueng Kwan bought one unit in value of about HKD 6.7 million, and he paid the down payment at about HKD 2 million, while his son will together with him to pay the monthly installment payment. Mr Li failed after three registrations for Hemera, so he submitted 14 registrations this time and success.
There were also customers of India and Pakistan origin in first stage. Shipping Coordinator Vagheir spent about HKD 6.5 million to buy and even took a half day off for house selection on sale office. Vagheir currently lives in Wan Chai, who believed the transportation and supporting of this project is ideal and the price is reasonable. In addition, Mrs Punjabi who now lives in Kowloon bought one unit by nearly HKD 7 million for investing because this project near MTR station.
Second hand property transactions in same district slightly decreased.
The attendance on first stage was about 70%, with up to 80% among are users, which was ideal, the Residential Department Chief Executive Officer of Midland Bu Shaoming expressed. By districts, about 60% customers are from Kowloon and Tsueng Kwan. He continued, since publishing price on last week until now which nearly one week, the second hand private house transactions in Tsueng Kwan are about 43 cases, much the same to about 50cases of average weekly transactions in May, which reflects there is still demand in second hand property market. The whole second hand private property sales registrations in this month will be about 3,500-3,600 cases, up about 20% comparing with nearly 3,000 cases in April, he predicted. As the market is steadily going better, the second hand private property sales registrations in June will predicted to be about 3,700-4,000 cases.
Although 401 units of this project were all sold, but the first hand property transactions in this month were only little more than 1,000 cases, sharply down by 60% than more than 2,500 cases of last month, the Asian Pacific Region Residential Department President of Centaline Property Chen Yongjie pointed. About the trend in next month, many owners will still keep the houses seeing property price is rising, plus with USA interest rising step is still unclear, so property price will be forced to rise in short term, Chief Executive Officer of Hong Kong Property Li Zhicheng expressed.
