After Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum) After the summer in August have past,the developers keep on launching out the properties for sale in order to meet the sales target,so it cause the first-hand transactions rebound in September.Comprehensive primary residential property sales network and industry estimates,the first-hand new properties eventually sold about 1,500 units,rose 25% when compared to about 1,200 units in August. Industry estimates that there are multiple new properties will put up for sale in October, such as the Double Cove Starview,The Pavilia Hill and Mont Vert Phase 2 etc.,the first-hand property sales swill further rise to about 2,000 units.As for the second-hand properties due to the source reduction, so the trading volume shrank to about 4,000 cases in September,with a monthly reduction of about 5%, the industry expected the developers will keep on launching out a number of new large residential projects for sale with the price close to the market price for the buyers in October and the second-hand proeprty tradings will further fell.
Centaline Asia Pacific president Chan Wing Kit said yesterday there are a number of residential projects will put up for sale in Sept. ,such as The Wings IIIA in Tseung Kwan O,Arezzo in the West of Mid-Level,One South Lane in Western District,KENSINGTON HILL in Sai Ying Pun,The Huudson in Sheung Wan,the sales of both report a success.Estimated that the first hand new properties sold about 1,500 units in September,the first-hand new units source from the units involved in HKD $5.0 million in the first half of this year,becomes the units involved in HKD $2.0 ten million to HKD $3.0 ten million mansion.Centaline Hong Kong Residential Department on September with the commission income of about HKD $2.6 billion,comparable to the amount in August,the first hand properties accounting for about 70%.
Developers seeking for the amount of sales and restrain the offer
Looking the market conditions of first-hand properties in October,Chan Wing Kit refers to a number of large-scale new properties such as Double Cove Starview,The Pavilia Hill and Mont Vert Phase 2 etc will put up for sale soon,it is believed that the first-hand property sales will rise to about 2,000 unitsin October,the developers offer will remain restrained by HKD $2.0 ten million to HKD $3.0 million mansion in price to take the relay.Midland Realty Chief Executive Officer of Residential Department Pu Siu Ming yesterday, after seeking developers still seek first stage volume and price target,it is believed that offer new disc to maintain restraint October,feeding October-hand drive sales will rise to about 2,000 units.
The second-hand property source reduced and the tradings have frozen
As for the second-hand property market conditions,Pu Siu Ming pointed out the the second-hand property source keep on decreasing,the prices have hit a new high record,the second-hand property trading volume in September was expected to be fell to 4,000 cases, a monthly decrease of approximately 5%. Since there are multiple new properties put up for sale in October,so it cause the second-hand property tradings have frozen,it is believed that the second-hand property trading volume in October will fall further.
Recalling the first three quarters of this year,the performance of the first-hand property sales is also very prominent. According to Land Registry data show that as of September 25 this year, the first three quarters this year, first-hand private residential sale and purchase agreements registered 11,901 cases were recorded, turnover amounted to HKD $1.19521 thousand billion, has surpassed last year's total of 9,753 cases and HKD $9.227 hundred billion respectively, higher than the 15.5% and 23.6%. Among the third quarter of this year, turnover of over HKD $5.2 hundred billion,the highest since the third quarter of 1995 a new quarterly record high since the sale of the contract period registered 4,883 cases were recorded.
Centaline Property Research Senior Associate Director Wong Leung Shing pointed out that the developers launched out the new residential properties for sale actively this year,led an active market conditions of the first hand property market,forecast the first-hand private residential sale this year registered about 16,000 cases and HKD $1.6 thousand billion.The second-hand properties were not much better, s of September 25 this year, the first three quarters of second-hand private residential sale and purchase agreements registered 35,834 cases were recorded, worth HKD $1.7822 thousand billion,has surpassed last year's 29,162 cases and HKD $1.53436 thousand billion.Wong Leung Shing predicted that the annual sale of second-hand private residential registered this year about 40,000 cases and HKD $2.5 thousand billion.
