Hong Kong's Wen Wei Po (Reporter Chan Choi Sin)Riva of SHKP in Yuen Long have launched out the first batch units on sale,the prices have cut nearly 40% when compared to the sale of last year,it have attracted many investors to buy the units,all the 62 units have sold out yesterday,of which the proportion of investors accounted for about 40%,significantly more than the other new property sales in the past.There are prospective buyers who can't bid the vote successfully said that they will continue to enter the vote in the next round of sales.The agents in the scene said four characteristics units were bought by the investors and home-users respectively,the transaction price ranging from more than HKD $1.2 ten million to more than HKD $1.7 ten million.
The first group of about 100 prospective buyers have arrived the sales office at 9:30am for the balloting to decide the grouping yesterday,prospective buyers started the balloting at 11:00am and at 11:30am start choosing flats.The news pointed out that the sales of the first 62 units have good response,as of 5:00pm,all the units have been sold out.Statistics show that these units are mainly with 2-bedrooms and 3-bedrooms interval,located in Tower 7 of Inna Avenue,Tower 1 and 5 of Yin Lo Los Avenue.
All of the four special units sold out with an admission fee of HKD $1.2 ten million
Chief Executive Officer of Residential Departmaent of Midland Realty Pu Siu Ming cleared that due to the first batch of 62 units sale with an attractive price,so the proportion of investors was about 40%,it recorded much more than the other new property sales in the past obviously.Four characteristics units of the first batch units have recorded transactions with a large amount,the units are bought by 4 groups of buyers who from Midland Realty respectively,the investors and home-users have accounted a half respectively.Each of the units priced from more than HKD $1.2 ten million to more than HKD $1.7 ten million.
Added pressure on the second-hand property market,properties in Tuen Mun discounted 10% of the price
Pu Siu Ming pointed out that the developers launched out the property sales at a low price,have successfully snatched the purchasing power from the market and frozen the second-hand property transactions of Yuen Long District,there are owners who are from the same district have discounted 10% of the price and sold.The manager of the branch of Centaline which located in Chi Lok Fa Yuen of Tuen Mun Lee Mui Fun said that the second-hand property market in the West of New Territories was also frustrated because of the new properties up for sale,a significant price reductions are expected to attract the buyers.Flat G,Lower Floor,Tower 11,The Sherwood,Tuen Mun,with 450 feet of salable area,the buyers have started bargaining with the original owners as early in January,when they saw the new properties in Yuen Long District have launched out the sale with discounted price,then promised from the original asking price of HKD $3.1 million,discounted 10% to HKD $2.79 million and sold,with an average price of HKD $6,200 per sq.feet,it is belong to a low-price deal.Original owners bought the unit in HKD $1.78 million in March 2011 and the unit with an appreciation of 57%.
In addition,Ku Man Bin of Wells Property also said that they have recorded a transaction with a discounted price of HKD $350,000 by the owner in Tuen Mun HOS Yuet Wu Villa.The transacted unit located in Flat J,Upper Floor,Tower 6,with an utility area 484 feet and sold in HKD $2.9 million (Liberal Market Price),with the price per square foot of HKD $5,992.
Centaline Asia Pacific president of residential department,Mr.Chan Wing Kit said that the first batch buyers of Riva have recorded a high attendance rates and Centaline have recorded over eighty percent attendance rate.The developer have provided some attractive discounts this time,and it have discounted nearly 40% of the price when compared to the sale which recorded in the past,which proved that it is an acceptable level for the market.
Chan Wing Kit pointed out that affected by the traditional dull-season of Lunar New Year and the 3D spicy trick,as of 17th in this month,the website of the Sales of First-hand Residential Properties Authority have recorded 150 first-hand property transactions,it is expected that there are less than 500 first-hand property transactions recorded in the full month,it is a third low record after the implementation of first-hand new property legislation.
The Met. Delight increased the discounts which equal to discount 7.5% of the price
On the other hand,the developer is seeking to sell the properties,continue to increase the discounts in disguise discount the price.the electronic platform of the sales of first-hand residential properties have shown that The Met. Delight of Wang On Group in Sham Shui Po have revised the price list in the day before yesterday,the buyers bought a unit of Flat B with an individual name,added an easy payment plan,if the buyer transacted earlier after signing the provisional sale and purchase agreement within 60 days will receive a rebate prices by 7.5%.
In addition,Nan Fung Group also said the sale of Winfield Building of its haven't recorded any transaction yet.
