Hong Kong's Wen Wei Po (Reporter Ngan Lun Lok) United States FOMC meeting this week,the market will focus on early rate hike.Faced with 'interest Devils' have a chance to come back,may be affected the property market,the local developers have to prepare for the new properties bulk war imminent. Newspaper statistics to the end,at least 13 new residential projects are ready for sale, involving as many as 7,912 units in total.There are five of them belong to a large-scale new residential project which involved in over a thousand units,the number of units involved up to 6,146 units,accounting for 78% of total new units,become the main force of the new residential projects in the fourth season.
Newspaper statistics,since the end of insufficient within four months, there will be 13 new residential projects which involved in up to 7,912 units supply to the property market,of which there will have 3 residential projects on sale in September,included 8-LaSalle in Ho Man Tin which developed by Kerry Properties (56 units),Mont Vert Phase II by CKH (279 units), Julia Avenue in Ho Man Tin by Phoenix Property Investors(67 units).As for Pak O Hill which developed by the New World and HSH (358 units), the message refers to the sale broche will be uploaded next week as the fastest time,the demonstration units at Cosco Tower are also being deadlines,with the city expected Double Cove Starview and Hemera will be on sale in October and caused a collision on sale date,but the source of buyers and region are different,so it is expected that the affect of Pak O Hill suffered the finest.
Three new residential projects involved in large number of unit supply
Among of the developers,SHKP's residential projects involved the largest number of unit supply,its three residential projects involving 2,466 units ready to go to be put up for sale before the end of the year. Cheung Kong is also not to be outdone, he first project of its weight caused by opportunistic outgoing blue sky, involving up to 1,648 units.In addition,Dragons-Range by Kerry Properties (973 units),Double Cove Starview by Henderson Land and New World(1,092 units),The Parkside in TKO by Wheelock (591 units),both will launch the market before the end of this year,it is expected the first-hand property market will be staged field of 'battle of grabbing buyers' before the end of this year.
Hemera have the largest-scale
Hemera was the largest-scale residential project which will be on sale before the end of this year,the interval includes 3 bedrooms and 4 bedrooms, due to project is the most immediate neighborhood LOHAS Park station periods,so there are footbridge connecting the future also shopping malls,most of the units have sea-view,the position has surpassed all periods of LOHAS Park.After the real estate announced the deployment in early September,originally expected to open to sell in Mid-Autumn Festival,but then gave way and with the Department of Mont Vert Phase 2 by CKH,the latest forecast will be put on the market around October.
Midland Realty Chief Executive Officer of Residential Department Pu Siu Ming think that although a lot of the new properties are expected to be launched out for sale before the end of the year,but some of the large-scale new residential projects will not launched out for sale fully,so eventually supply nearly 8,000 units would 'compromise'.
It is expected the offer will close to the market price and provided a number of concessions
As for the pricing of the new properties,he expected would be more restrained, but in order to attract prospective buyers,home buyers believe that developers will launch various concessions.In particular,a large-scale new residential project, due to the developers for quantity,it is estimated to be affixed to the market price and even lower 10% of the second-hand price of the new properties in the same district (the new units which sold in recent years) in the New Territories; contrast, a number of small units in urban areas,due to the less supply,the price will still be 10% higher than the second-hand price of the new housing estates in the same district.
The first hand property registrations have recorded 11,020 in the first eight months,higher than last year 5,171 cases in the same period of time of last year and 9,986 annual cases,hit a 10-years high record.Pu Siu Ming think that although this year the market has digested a lot of the new properties,can not ignore the purchasing power of last year's hot recruit furrowed,significantly reduced the number of new first-hand properties drive the new embodiment of new first-hand property legislation launched last year,resulting in the accumulation of a large number of the purchasing power of the market,have released this year,so it is believed the market there is still some demand for the new units before the end of this year.
Remember SHKP lead the head and sell the unsold units of The Cullinan in from of 'free of taxes in order tio avoid spicy tricks'last October,ignite new property price war,SHKP split the price again in earlier this year and re-launch Riva in Yuen Long,some individual units fresh cut 45% of the prices,but recently significantly reduced new porperty discounts.Pu Siu Ming said, should not use the discount level to compare the price of the new properties,because there are many new properties with the asking price which have been lower than the prices in the same district,so the buyers should compare different new proeprties 'Light pork price' (ie, excluding the price after concessions),considers the new property price stability over the past year.
