Hong Kong's Wen Wei Po News (Reporter Wong Tsz Man) Although the United States has kept its highly accommodative monetary policies to eliminate the market for U.S. delisting concerns,but the United States withdraw from the market of the Fed statement in the first week,purchasers and individual owners of the interest rate trend worries,individual owners as soon as possible in order to more actively discount off the goods,accelerated down the property market.Fed delisting remarks reflect the situation this week,the first week of Centa-City Leading Index (CCL),fall 1.79 percent by week,the biggest decline in four and a half years,the latest reported 119.69 points, 6-week low.4 District property three areas fell on Hong Kong Island the week down 5.5 percent,the declinw is also the biggest in four and a half years.
Centaline Senior Research Associate Director Wong Leung Shing said that Centraline-City Leading Index CCL by week down 1.79 percent,the Central Plains City Leading Index CCL Mass large estates by week down 2.04 percent,both Nov. 16, 2008,after more than four points by week and a half years since the largest decline. CCL latest at 119.69 points,hit a 6-week low.CCL Mass latest reported 119.11 points, hit a 3-week low.These conditions indicate the June 20 Fed stance delisting the week,the market atmosphere enveloped hike, causing local buyers worried,but dare not rush into the market,the individual owners to take the sale of the property market turnover situation.
Turnover is still in a low level,expected that the adjustment haven't ended yet
Wong Leung Shing also said that the United States withdraw from the market for the property market in addition to the haze,since the implementation of doubled stamp duty launched two weeks,property prices have started to decrease from the top,the most recent 16 weeks
calculation, CCL and CCL Mass were fell 3.21% and 3.14%.And the current property market turnover remained low and did not return to normal levels, expect the further price adjustment period will lasts.
4 large housing prices indices District,HK Island,New Territories East and Kowloon index recorded a decrease.Hong Kong fell 5.46 percent by week,the largest decline recorded in more than four and a half years (246 weeks).HK Island at 124.54 points, a record 25 weeks low. NTE weekly decline 1.83%,the biggest decline in 11 weeks.NTE at 117.43 points, a five-week low.Kowloon is at 120.94 points,fall 0.47 percent by week.The New Territories West at 104.63 points, hit a 15-week high, up 0.39 percent by week.
'The exit of US'effect remains to be seen
Yesterday published index is based on 1 to 7 July signed a formal agreement of the Centraline Group turnover calculation,which is 90% of transactions in June 17 to 23 provisional sale and purchase agreement signed, that on June 20 the Federal Reserve Council position delisting week market conditions.
In addition, by TKO land transaction price less expected under the influence of psychological stress for local owners add,for the sake of
individual goods at split prices goes off like a TKO Metro Town Tower 1,Flat B,Upper Floor, 3 Bed 1 Living atrial septum,construction area of about 943 square feet of salable area of approximately 678 square feet,the original asking price of about $7.6 million HKD owners,see the recent softening in market conditions,the defendant's intention to price by $2.7 hundred thousand to about $7.33 million HKD for the region to undertake customer.In terms of price calculation,construction area of about $7,773 yuan per sq ft,salable area of about $10,811 HKD per sq ft price.
Ma On shan Villa Athena Flat D,Middle Floor,Tower10 at low prices by 5% or $6.5 million HKD traded hands. Gross area of 901 feet,727 feet of usable area,construction area of $7,214 ft price of $8,941 per ft salable area.The asking price of $6.8 million HKD original owners,and finally attract buyers minus $300,000 HKD,a decrease of approximately 4.4%.
