Second hand property prices reduced 60 percent by year,the price still rose 30%
Throughout the territory property,the housing estates e in Tuen Mun still belong to "low-lying" zone, there were still a lot of units involved in about HKD $3.0 million put up for sale,but a year ago the situation completely, "Heaven and Earth." Reporters went to Tuen Mun flat inspection earlier this year, when there are many choices of the private units with HKD $2.5 million and Tsui Hing garden garden there are many choices, the situation is ‘people to choose the property’ But a year later, the reporter then asked the price in Tuen Mun last asking price of similar units have surged to HKD $3.4 million or more,with an increase of up to 30 percent.
Owners ‘test price’,added 10% of the price in sudden
The most severe cases still appear ’property choose people’ bad situation.Wells Properties Lung Chiu Kwun said that the present Tai Hing Garden only 50 units put up for sale,the asking price has been reached HKD $3.4 million or above. Newspaper reports first quarter last checked, Wells Porperties pointed out that the units of Tai Hing Gardens which put up for SALE just have 150, but just a short time,the property source is keep on reducing instead of increased, has plummeted 60%. It is understood that mostof the units which put up for sale wasn’t with the exact price,many owners will increase the price in a sudden,ready to increase 5-10% of the price, or even just "test price."
Lung Chiu Kwun added that property prices in the region last year, has risen a lot, but the units which put up for sale still lagging behind the market demand, flat inspection do not mind to buy the property, so that the region maintain active flat inspection activities. Top with the remaining area of real estate, such as Greenwood Gardens, Kant Gardens also rose to HKD $3.3 million or above.
The property source can’t atch up the home ownership demand
It is understood that units which involved in small amount of price with the highest increases in the city, Centa-City Leading Index (CCL) which reflecting the latest trends in property prices reported 136.64 points, hit a new high record.Of which, CCL (SME units) rose to 135 points through the level rose more than 16% annual cumulative, compared with the index for large units by year increase of about 9%,units involved in small amount of price rally seen.
Driven by the home-use buyers,units which involed in small amount of price tradings also significantly "dominate",which cause the market property source speed consumption. Hong Kong Property senior executive directo Ng Choi Yip said Hong Kong Property Information Research Department noted that in January the number of secondary cases registered HKD $5.0 million or less registered accounts registered more than 60% of the overall second-hand (ie 62%), the number of recorded 3,192 cases.
Units in North District without flat inspection
Wells Real Estate senior sales manager Lam Wai Kong refers to the small units in the area recently beginning to see small units to reduce the property sources,’there are some owners aren’t willing to put the unitsup for sale in order to wait and see‘ in short supplm this year is estimated units with small amount of price with o 5% to 10 % price increase is not surprising.
The same was once considered a "mountain nook" in the North District (including Fanling, Sheung Shui, Tai Po, etc.), HKD $4.0 million less like a rare plate.Midland Realty Chun Ho Chi introduced that as courts in the district with the cheapest admission fee like Dawning Views, Flora Plaza and Avon Park, bid lower Dawning five top plate, for example, the asking price has been in the level of HKD $4.2 million,The individual is less than HKD $4.0 million are not flat inspection plate. Looking past six months, theproperty source continuing shortage, coupled with the Mainland and overseas were looking around the drain, he expects prices upward trend will continue.
Century 21 Goodwin Ng Yuen Li pointed out that although City One Shatin frequent recorded new highs recently,but due to the bank's valuation estimate estates enough, it is still not a flat inspection buyers of all ages, while the estate experience several time raise prices, the current admission fee by HKD $4.0 million and HKD $4.0 million vacant property has been very rare,of which the unit located in Flat A,Lower Floor,Tower 39,with the salable area of about 284 square feet,with the asking price of HKD $4.05 million,equivalent to foot price of about HKD $14,000.
