Hong Kong's Wen Wei Po (Reporter Chui Yuk Ben,Leung Yuk Cum)First-hand property market keep on reducing the prices in order to speed up the sale,the owners of second-hand property has continued softening the attitude,reducing the asking price and the bargaining space keep on widening.There are owner of Laguna Verde in Hung Hom split the price of HKD $1.8 million(decrease of 9%),to approximately HKD $1.8 ten million and changed hands.
Midland Realty Yan Lak Lun said that a unit located in Flat C,Middle Floor,Tower 15,Laguna Verde,Hung Hom,with an utility area of about 1,104 feet,three bedrooms with en suites suites and workers room interval,is located in the unilateral sea households.The original owners to take advantage of lease expires of the unit,discounted HKD $1.8 million after bargaining,to sell in HKD $1.8 ten million,with a decrease of 9%,this transaction price was 0.5% lower than the market prices,with the price of about HKD $16,304 per sq.ft.The buyer was a home-use owner who are living in the same district.
Amoy Gardens reduced 6.5% of the prices and change hands
A unit located in Room 3101,Tower P,Amoy Gardens,Kowloon Bay,with 356 feet of salable area,the owners put the unit put for sale with the asking price of HKD $4.3 million in May,subsequently reduced to HKD $4.1 million,then discounted to the price of HKD $4.02 million yesterday,further to the prospective buyers visit and transacted in the same time,reduced the total price of HKD $2.8 million,with a decrease of 6.5%.
Castello in Shatin have also recorded a discounted transaction.Centaline Lai Chung Man said that the unit was located in Flat E,Middle Floor,Tower 2,with an utility area of 547 square feet.Owners offer HKD $5.7 million,after negotiation and willing to discount HKD $270,000 to HKD $5.43 million and changed hands,with an average sq.ft price of HKD $9,927,which recorded a decrease of 4.7%.
The property tradings in TKO rose for 2 months
Under the stimulation of the properties keep on discounting the prices,the second-hand property tradings volume continued to rise.Hong Kong Property senior executive director Ng Chong Yip said that according to the Land Registry data show that it have recorded a total of 3,904 registered cases of second-hand properties in April, compared to 2,717 cases which recorded in March rose by 43.7%.This figure rose for two months and hit 9-months high,showing that the recent rebound in second-hand property tradings.
Of which the TKO district which was welcomed by the home-use buyers have a good second-hand tradings performance which was better than the other district.According to statistics,there are 185 second-hand property registered cases have recorded between 19 private housing estates in the district in April,compared to 111 cases which recorded in March,rose sharply to about 67%.This number is more than 100 cases per consecutive two months,it have also hit a new high record since February last year,which have reflected that there are an upturn in the second-hand property tradings in Tseung Kwan O.Of which the registration cases which involved in HKD $5.0 million or below have accounted for the largest part of the registration cases,recorded a total of 107,representing accounted 58% of 19 private housing estates in TKO,registration cases which involved in HKD $5.0 million to HKD $1.0 ten million,recorded 77 cases which accounted for 42%,there are only one registered case in region which involved in more than HKD $1.0 ten million have recorded in April.
Centaline Lee Yuk Cheung refers to there are more than a hundred transactions in TKO have recorded in the first 10 days of May,surged doubled monthly.The second-hand real sq.ft price of about HKD $10,200 to HKD $10,600,rebounded by 5%.The first two months of this year mainly due to the influence of the Chinese New Year holidays,the tradings have reduced greatly to approximately 100 cases per month,the purchasing power have flow into the property market since the beginning of Marc,so the trading have picked up so far.Of which the transactions volume in March and April have rebounded to more than 160 cases per month,there are a larger number of 2-bedroom units with the price of HKD $4.0 million to HKD $5 million,so the property prices have rebounded by 5%.He estimated that based on the property market have a number of new property sales will be launched out in the late of May,it is expected that the new properties will put up for sale with a low prices and it will make regional tradings softened.
