Into the seventh lunar month,went to the 'Halloween' month,but did not add any 'chill' to the hot property market.Anti-driven at high prices 'alternative Property' cost soared,the units which have the accident in the past had occurred discount rate up to 50%,but recent innovations compete with prices,the cost of such property discount has narrowed to only get 10%.Famous old-line investment of murder units also said 'there are only 10% of profits,who the hell would want that.'An action was better than simply continue to hold it for rental-use.
■ reporter So Hung Chung
'The units which involved in small amount of prices will keep on raising,because Hong Kong is so densely populated,the murder units are not cheap also,so that all of them wanted to buy.'Senior investor Chan Ying Kai,early investment murder units and become famous,he stated at the outset,tells the current crazy price trend.Mr.Chan also means murder units at least offer 50% discount four years ago,wait for the property appreciation,the unit also can rent out,because tenants of faith on this matter,but in recent months the alternative property discount rate gradually narrowed,'there are only 10% of profits,who the hell would want that,now if not 30% as I do not even consider.'On the other hand, the government introduced an additional stamp duty (SSD) increase transaction costs,disguise tied the owner for three years,then think action was better than the current one,simply hold the units for rental-use.
Discounted 10% to 20% also recorded a number of buyers to fight for it
In the local auctions,often difficult to find Mr.Chan figure,he recently eyeing a unit located in Ngau Tau Kok Depot garden with no deed,but the property with an asking price of HKD $2.61,only about 20% discount,as for a court order unit in Tsuen Wan center,offer HKD $1.6 million,Mr.Chan have called to HKD $2.0 million,but there was more aggressive opponents have bought it with the price of HKD $2.02 million,the same discount is also only about 20%.
Chan Ying Kai have slowed the pace of buying the properties in recent months, also very little times on buying the murder units.He have the establishment of Tai On Real estate in Sai Wan Ho for his fortune in the early years,buy the units of Sai Wan Ho Tai On Building in their "home" market in the earlier days of this year,spent about HKD $2.52 million to buy a unit of the 5th floor and HKD $12,000 leased,the rate of return of 5.7% per annum.
Retrieve information,Mr.Chan have splendid record on investment of the murder units,dating back to early 2004,spent about HKD $1.55 million to purchase a unuit located in Middle Floo,Tower L,KORNHILL,Quarry Bay,held the unit less than half of year and sold with the price of HKD $2.66 million, carrying amount of the profits over a hundred million during the period of time.
Senior speculators moved to buy the units which with broken deed
Ng Kun Lao who is also have several investment on murder units,have bought a number of murder units this year,'The murder units are not cheap in the current market situation,have only 20% discount.'In view of murder units have 'no profit',Mr.Ng moved to buy the units which with broken deed,dispersed ownership or no deed,to obtain greater discounts and returns.
Whenever there are units with broken lease, or no lease to launch auctions recently,tend to attract a lot of alternative investors which do not afraid of trouble coveted,including Ng Kun Lai.Mr.Ng have bid a half deed repossessed property in Shau Kei Wan from the auction,spent HKD $800,000,worth about HDK $3.0 million per unit for calculation,cost the equivalent of five-fold, the owners plan to another negotiation after his title,the unit is used as rental income.The same month,Ng also spend HKD $700,000,to buy up to 48 years old Mongkok one-third of a single building lease property,the units with salable area of about 652 feet,discount over 50%,also plan to use as rentals.
Property market will keep on flourishing,have properties rather for rental-use
Recent trends in the property,Mr.Ng have put a units of City One in Sha Tin which with the accident leased with the price of HKD $15,800 days before,practical sq.ft up to HKD $30,representing 10% cheaper than the market price.Look up information on the property in 2011 charcoal murder had occurred and after being purchased by Mr.Ng with the price of HKD $2.82 million,this lease return of 6.7% per annum.Although the property prices keep on climbing,but Mr.Ng did not intend to take advantage of the high prices to sell it,'it seems good of the outlook of the property market,may also occur a higher price after sell it at high prices.'
