Hong Kong's Wen Wei Po (Reporter Wong Tsz Man)As the market have experienced a series of negative news of the U.S. have reduced buying debts,the economic slowdown in the mainland,the owners further to accept the reality,the bargaining space increases ( see separate case discounts draft ).While there are new properties keep on launching out the property sales recently,but the owners expanded the bargaining spaces under the realistic,the second-hand transaction have increased in the weekend.Midland-Realty statistics,top-ten housing estates have recorded ten transactions in the past two days,rose 25% by week,picked up the turnovers. Ricacorp president Liu Wai Kung pointed out that as long as the owners are willing to extend the bargain prices or expand the magnitude,even if the rate of about 3-5%,but also can be stimulated a group of ready buyers to buy the properties in order to stimulate the market sentiment.
Chief Executive Officer of Residential Department of Midland Realty Pu Siu Ming said,because the developers launched out the property sales with a competitive price promotions,coupled with the U.S. rate hike schedule was much cleared,the owners further accept the reality ,both excellent price with quality 'good properties 'have started to see undertaken by the buyers.The first-hand property pricing was the main reason to attract the buyers,which have released the purchasing power for the market,it will help stimulate the tradings.It is believed that the purchasing power of current market will expand with the bargaining spaces by the owners and it is believed that the second-hand property transactions will further raise.
Among of all the Midland Realty Top-10 housing estates,of which the transactions of Kowloon have rebounded,four indicators housing estates like Laguna City,Whampoa Garden,Metro City and Mei Foo Sun Chuen have recorded four transactions this weekend,rose by 33.3% when compared the record of last week,as for the HOng Kong Island have also recorded an increase on the transations,three indicators housing estates including Taikoo Shing,South Horizonsand KORNHILL have recorded three transactions this weekend ,rose two times when compared to one transaction recorded in last week,New Territories three indicators housing estates include Tsuen Wan Center,City One in Shatin and Kingswood Villas have recorded three transactions,which have reduced 25% by week when compared to 4 transactions recorded last week.
Ricacorp president Liu Wai Kung pointed out that the stable development of the property market,of which the first-hand property sales are still the focus of the market which have attracted a lot of purchasing power from the buyers,as for the tradings in the second-hand property market,depending on the attitude of the owners,as long as if they are willing to expand the bargain prices or magnitude,even if the rate of about 3% to 5%it will also attract a group of ready buyers to buy the properties which can be stimulated the market sentiment,causing the tradings of large housing estates to be increased.
Kingswood Villas have the best performance
He was referring,the transactions performance of Taikoo Shing,City One in Shatin,Kingswood Villas,etc., are quite satisfactory this month.On the other hand,the tradings are becoming flourish,there are a large number of 'good properties' have quickly digested by the market,it is believed that the tradings of many large housing estates trading will also be slightly slower.According to the Ricacorp Properties data,the top-ten housing estates have recorded a total of 17 transactions in the weekend,of which Kingswood Villas have the best performance,which have recorded four transactions in two days,topped the lists.
Centaline pointed out that the unit which located in Flat F,Middle Floor,Tower 4,Dawning Views,with an usable area of 427 feet,the asking price by the owners was HKD $3.55 million,after bargaining,the owners have discounted HKD $170,000 to HKD $3.38 million and changed hands,with an average price of HKD $7,916 per sq ft,recorded about 3% lower than the market price.
Centaline said that the new property sales have grabbed most of the source of buyers
However,there are some agency have recorded a trading volume fell,Centaline this week's top ten estate transactions recorded eight,fell 33.3% by week,of which Taikoo Shing,South Horizons, Whampoa Garden,Laguna City,City One in Shatin and Caribbean Coast have no transaction recorded.Centaline Asia-Pacific Residential Department president Chan Wing Kit said that the market have focus on the first-hand new property sales this week,which have snatched a large number of buyers,coupled with the market have digest a lot of 'good properties'in the previous month,so it cause the buyers have lack of choices of the properties,there are also some prospective buyers have come back to the new property market in order to find properties,so it cause the second-hand tradings have slowed down.
