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The property market have appeared two extreme situation,first hand property market hot sale and the second-hand property market was quiet

Squarefoot Editor  2014-09-22  303 #Tips For Transaction
Hong Kong's Wen Wei Po (Reporter Chen Man Yi) The developers keep on launching out the properties for sale actively,the new property sales have an ideal situation continuously,according to newspaper statistics,the first-hand property market have sold 186 units in the past two days,of which The Wings IIIA alone sold a total of 116 units.However, second-hand turnover has dropped significantly,according to the Hong Kong Property statistics,top ten second-hand housing estates recorded only three transactions,fell 62.5% by week, reaching a new low of 33 weeks,only Amoy Gardens,City One in Shatin and Ocean Shores have recorded a transaction respectively,as the remaining seven housing estates all 'recorded no transaction' in the end. SHKP new property The Wings IIIA in Tseung Kwan O,have recently uploaded the fifth batch of 150 units price list,SHKP Deputy Managing Lui Ting yesterday at press conference to "sell more prosperous" to describe sales in the first four units of 122 units grant fully sold out,this housing estate have sold 470 units so far,cashed in of nearly HKD $6.0 ten billion.He said additional units have slight increases on the price due to the landscape,due to the sales of sustained, admits there will still have the price increase space in the future. Lui Ting said the extra 150 units which put up for sale this time covering different types of units,including 11 special units which located in the first floor with platform and four penthouses units which were introduced for the first time.But the price list this time also included the highest price and price per square foot temporary seat 33A of Tower 2B top special units,the unit with the salable area of ​​1,230 feet, plus a 541 ft and 246 ft rooftop platform,priced at about HKD $28,000 per square foot and priced at HKD $3.1666 ten million. In addition,Lui Ting pointed out there are 2 special units which put up for sale last Friday have a new high record,begin the price per square foot higher than HKD $22,000 and sold,traded at more than HKD $2.5 ten million and HKD $2.7 ten million respectively. He also said a family buyer to buy more than one unit and there are family buyers to purchase two three-bedroom units with the same contract,with about HKD $1.783 ten million turnover. The unsold units of Century Gateway phase 1 will put up for sale within short term period of time Asked the sale plan of the unsold units of Century Gateway phase 1,SHKP Acting Assistant General Manager Chan Hon Lun said the approval needed for perusal by the MTR Corporation,this week will not have a chance to be on sale,but it will happen in the short term period of time. Double Cove Starview will have offer in the early days of this week As for Double Cove Starview in Wu Kai Sha whihc developed by Henderson Land announced the latest sales deployment yesterday,Henderson Land general manager of business (a) Department Lam Dak Man yesterday told reporters after the event to see the plate three or four open this week 3 demonstration units and further determine the asking price will be early this week,this month to early October on sale, plans to launch the first batch of 220 units.Lam Dak Man said the group has been uploaded the sale broche to primary residential property sales information network recently,the sales office will be located in international financial centers. The rest of the housing estates in New Territories also have made ​​good result. Park Signature in Yuen Long sold 4 units this weekend,including a unit with four bedroom interval transacted with the price of about HKD $8.28 million,while the three units with three-bedroom interval priced between approximately HKD $6.21 to HKD $6.67 million.Display market turnover for the project three rooms, four bedroom units overwhelming response, the project, the average transaction price rose more than HKD $6 million.The sale of real estate sale have sold 1,465 units so far,more than 90 percent of all the available units,cashed in of nearly HKD $6.7 ten billion. Another market sources, there are a local buyer have spent over HKD $2.80 ten million to purchase 'Royal Mayfair' of Mayfair By The Sea Phase 2 in Pak Shek Kok ,the unit was located in Flat B,Middle Floor,Tower 5,with the utility area of 1,665 feet,the discounted sq.ft price of HKD $17,300.Another group of buyers purchase an extra unit of The Graces • Providence Bay in Pak Shek Kok,the unit was located in Flat B,Upper Floor,Tower 9,with the utility area of ​​1,450 feet,the discounted sq.ft price of HKD $12,400. Liu Wai Kung said the market was focus on the first-hand new properties Ricacorp Properties CEO Liu Wai Kung pointed out that in one hand and wave after wave of attack,most of the market purchasing power is transferred to the new porperty market is undoubtedly,the most important thing is the second-hand property owners asking price is quite "hard net",so that some of the home-buyers fought in the first-hand property market.It is believed that the property market will continue to focus on the first hand new residential projects,it is expected the indicators housing estates trading will be remained at low levels of only 10 cases in the next few weeks.
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