Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok) The second-hand property tradings failed to undertake the tradings which recorded in the earlier days during Easter,the trading result was fell in the past two days.Centaline and Midland Realty two statistics,Top ten housing estates have recorded 16 and 18 transactions respectively in the past two days,fell 23.8% to 25% by week.Under the uncertainty situation in the property market,the attitude of owners continued to soften,Manhattan Hill in Lai Chi Kok Chuan have recorded a split transaction price of HKd $1.7 million,Amoy Gardens owners pay an additional stamp duty (SSD) and sold the unit with a loss,One Wanchai in Wanchai also recorded a transaction with a loss.The industry is still expected the second-hand property tradings in May will at a low rampant.
News that a units of Flat B,Middle Floor,Tower 1,Manhattan Hill,with an utility area of ??1,361 feet,in February this year of HKD $2.5 ten million asking price and changed hands with a price of HKD $2.33 ten million recently,split the price of HKD $1.7 million, a decrease of approximately 6.8 %,with the average real ft of HKD $17,120.Net of HKD $1.8 million per a parking space and then compared with the market price,have recorded 5% lower than the market price.The original owners bought the unit with HKD $1.416 ten million in 2007,hold stocks for seven years with a book profit of about HKD $9.14 million,earning 64.55% .
The market passed through the news of a unit in Middle Floor of Manhattan Hill have split HKD $1.7 million of the price
In addition,following the Amoy Gardens recently recorded a significant split price of 15% of transactions,the latest recorded a transaction that the owners prefer to pay the spicy SSD taxes,eventually carrying a loss and sold the unit.Hong Kong Property Chan Wai Chung expressed that the unit was in Room 7,Middle Floor,Tower F,with 375 feet of salable area,the owners see the uncertain outlook of the property market,preferring to sell the unit early and willing to pay 5% stamp duty,a first-time buyer eventually see the unit with an area with high efficiency and the owners are willing to discount of about HKD $ 100,000,so decided to buy this unit with HKD $3.8 million,with a sq ft price of HKD $10,133.
Chan Wai Chung refers to the original owners bought the unit with about HKD $3.48 million in October 2012,after deducting 5% of SSD,stamp duty of about 2.25%,the trading commissions and other required fees,with a loss of about HKD $20,000 and it is still not calculated with an attorney fees and an additional expenses.
A transaction unit of One WanChai sold with a loss of HKD $300,000
As for the One WanChai which started the sale in 2012 also recorded a transaction with a loss.The original owners bought the unit in Flat F,Lower Floor,Middle Floor with the price of HKD $6.07 million in April 2012,with 320 feet of salable area,hold stocks more than two years and sold in HKD $6.1 million,the sq.ft price is HKD$19,06,the real sq.ft price of HKD $14,699.Although the book profit of HKD $30,000,but with the total loss of stamp duty of 3.75% and trading commissions and other units,the owner with a loss of nearly HKD $300,000.
Chan Wing Kit said the property market was lack of good news
Centaline Asia Pacific president Mr.Chan Wing Kit said that the first-hand residential property market is still the focus of the market,the prices and incentives were attractive,snatched a large number of buyers,while the rapid decline in the number of second-hand properties with high quality,so it cause the buyers have reduced the choices,leading to a slowdown on the tradings in the past week,of which City One in Sha Tine have recorded the most significant decline,from 10 transactions during the Easter holidays fell to just one transaction recorded recently.There are no good news in the porperty market,so it is expected that the second-hand property trading volume will be still continued to remain at a low level.
As for the Midland Realty Estate Statistics for the past ten days recorded approximately 16 transactions,which have recorded a new high after 10 months of last year 28 -weeks, only after 21 transactions which recorded during the Easter period.Chief Executive Officer of Midland Realty Residential Pu Siu Ming said that the vision of the buyers was increased bargaining spaces by the owners,actively go flat inspection,identifying the favorite units,a decrease of some large or high-quality 'good units'was quickly digested by the market.On the other hand,the owners affected by the new property sales offer aggressive,the attitude gradually softened,helped catalyze second-hand property trading activity is becoming more active.If the situation continues,the second-hand transactions is expected to rise further.
Ricacorp is expected that the trend of transactions with discounted prices will be continued
Ricacorp Properties president Liu Wai Kung noted that the recent trading have been recovered,it is believed that with the release of the purchasing power of the backlog for a long time and the owners continue to sell their flats connected biggest discount.Hong Kong Property senior executive director Ng Chong Yip said that the tradings have picked up,coupled with some of buyers who come from the first-hand property market have come back to the second-hand property market,as well as discounts to attract buyers to buy the properties,it is expected that the second-hand property owners will keep on discount the prices in order to sell their units.
