Hong Kong's Wen Wei Po (Reporter Chui Yuk Ben,Leung Yuk Cum)The government to fine-tune the double stamp duty (DSD) for flat period,coupled with the developers to provide discounts,the property prices was much below the second-hand property price in the same area,which have induced the purchasing power,City Point in Tsuen Wan and MacPherson Residence in Mong Kok MacPherson have recorded a number of people lining up for visiting the demonstration and enter the tickets.Sources,City Point in Tsuen Wan and MacPherson Residence in Mong Kok have received more than 4,800 votes and tired about 200 votes first two days of sale,over 12.7 times and 2.3 times registered,with HKD $150,000 per vote,the former freezed the capital of HKD $7.20 billion,the latter also freeze funds of about HKD $3.0 ten million, involving a total capital of about HKD $7.5 billion.
City Point in Tsuen Wan which launched out the first batch 350 units with the price 10% lower than the second-hand prices in the same district have opened the demonstration units and started receiving the votes yesterday,attracting a large number of buyers for site visit,the makret is passing the news of there are a group of buyers haver entered 50 votes.Justin Chiu, executive director of Cheung Kong Group,said the situation is quite satisfactory,the company is very satisfied with the overall situation.He said the demonstration unit opened at 11 am yesterday,9:45 already been lined up.From the registration information,the site visit has visitors from the territory,but the buyers from Tsuen Wan and Kwai Chung district accounted the most,have not yet noticed the mainland buyers.
City Point will launch out the extra units on sale and will announce the arrangements within this week
He said that the site have a good response,whether two-bedrooms,three-bedroom or four-bedrooms units,are equally popular and visible asking price is quite successful.The buyers also feel the property price was fair,' quite worth to buy' and therefore ideally entering the vote,better than expected.As to whether it will implement additional units and increase the property prices,he said after talking with partners Nan Fung and then will decide on the next practice,the arrangements will be announced this week.
When asked about other developers also launching the new property sales,will bring competitive pressures,Justin Chiu said,a little more real estate to launch out on the market,the higher market transparency,'each property sales with its own doing',hoping that that the peer also selling well.
As for the government to fine-tune 'spicy trick',Justin Chiu means that no one has been speculation today,but the market remains rigid demand for flat fine-tuning can help people to change their flat ,'I think it is a good policy,(fine-tuning) welcomed by the public.' He was referring to the past,because 'double spicy trick',some buyers have some hesitation,especially people who want to change their flat,thinking that six months is too short,there is the ample time to fine-tune the exchange floor.
In order to attract the buyers who wanted to change their flat,the developer Cheung Kong and Nan Fung partnership with Meridian offers up to 30% second-mortgage of the property prices,the buyer is eligible for a discount even construction of payments up to 14.75%,that is even a discount for payment amounted to 15.75% .
MacPherson will announce the sale arrangements within this week
As for the Macpherson which launched out the sale closed to the market price,the real estate also has a large number of buyers lining up for site visit yesterday outside the demonstration units scenes.Kowloon Development Marketing and Sales General Manager Yeung Chung Wing yesterday estimated that there are about 5,000 people come and visited .He said the property as of 8:00 last night,the first two -day cumulative ticket about 200,compared with the first price list of 60 units,recorded more than 2 times oversubscribed,admits the market reaction is expected to win,the sale arrangements will be announced within this week and it is expected that it will put up for sale within this month.He also said that the real estate was welcomed by investors,accounting 30% of the buyers.
The first-hand property tradings have recorded 11 transactions yesterday
As for the other first-hand new property transactions,it have sold a total of 11 units yesterday,including The Visionary,Long Beach,Chatham Gate,Harmony Place,Park Signature,High Place, South Crest,The Graces Providence Bay and Harbour Pinnacle have sold 1 unit respectively,as for The Summa have sold two units.
