Hong Kong's Wen Wei Po (Reporter So Hung Cheung,Leung Wai Chung)New property transactions was quiet,the purchasing power of second-hand properties even more sluggish, according to Midland Realty statistics, s of 17:00 yesterday, top-ten blue-chip housing estates recorded approximately six transactions in two days of public holidays, six of the top-ten housing estates have no transactions recorded.There are agents pointed out that,'Occupy Central' have impact on traffic, the owners and buyers are watching the market outlook, so the tradings and thus deadlock.
The market outlook remains uncertain,so the buyers suspended to buy the properties
Midland Realty Chief Executive Officer of Residential Department Bu Siu Ming said,'Occupy Central'entered the fifth day,the political outlook remains bleak, retail bear the brunt of plunge,the tourists fell,the traditional peak season "Golden Week" greatly diminished,the business environment much blow. Meanwhile, the property market is also flooded see atmosphere, the buyer decided to suspend to buy the properties,coupled with every first-hand new properties have joined the battle of grabbing buyers,weakening the volume of buyers of the top-ten housing estates,reduced 20% when compared with an average reduction in the past holiday weekend,the next multi-attack and some of the second-hand property owners began to widen the bargaining space in order to retain buyers.
Pu Siu Ming pointed out that three districts in Hong Kong, Kowloon and the New Territories, to the urban areas which affected by 'Occupy Central' the most seriously,the amount of second-hand flat inspection fell about 20% in two holidays,some individual housing estates such as Metro City Plaza and other fell more than about 3 percent ; New Territories flat inspection volume fell about 1 percent to 2 percent and while two holidays, New Territories only Kingswood recorded a turnover of approximately 3.
Ricacorp president Liu Wai Kung also said,the impact of 'Occupy Central' have affected the second-hand property transactions,buyers and sellers have to wait and see and thus the volume fell.He pointed out that 'Occupy Central' have no significant impact on the second-hand property prices.He believes that the future depends on the government's handling, handled well,can be resolved in a few days; but once handled properly,it will evolve growing protests,the property market will be affected.
Traffic jam and the atmosphere of flat inspection dips
Centaline TKO Metro Town Central branch manager Ho Yung said that the incident of 'Occupy Central',the local flat inspection atmosphere dips, buyers and sellers are on the market outlook-see attitude,so the trading deadlocked. Centaline Deputy Regional Sales Director Central West Kowloon Ou Yang Chung Bon said 'Occupy Central'event to make a substantial reduction in the area flat inspection, multi-zone serious traffic congestion,lack of flat inspection to make buyers desire,affect the pace of tradings of the housing estates.The latest transaction was Banyan Garden,the unit located in Flat E,Middle Floor,Tower 3,with the utility area of 492 square feet, two bedrooms and two living space, sold HKD $6.38 million,with the equivalent practical price per square foot of HKD $12,967. Original owners bought the unit with the price of HKD $4.708 million in July 2012,hold stocks over two years for SSD relaxation goods.
However, the demand for home ownership remained strong,expensive buildings have 'to buy it first'.Midland Realty Ng Siu Fai said,a unit located in Flat G,Upper Floor,Tower 37,Phase 3,Laguna City, Kwun Tong,with 2-bedrooms interval,with the utility area of about 517 feet,the buyers spent about HKD $5.95 million,a new high record of the similar units,the discounted sq.ft price of about HKD $11,509.On the other side,'heaven for the first-time buyers'Kingswood Villas in Tin Shui Wai have stabilized at $ 7,000 per sq.ft.Wells Properties Siu Ka Wai said a unit located in Flat F,Middle Floor,Tower 9,Locwood Court,with the utility area of about 449 feet, transacted with the price of HKD $3.21 million yesterday,the price per square foot of HKD $7,149.
