White form Home Ownership stimulated the price of small-medium property.

Drove by first batch of “ Second-hand white form Home Ownership units”, the trading of second-hand Home Ownership was sharply increased. Users of private house also speed up the buying procedure in order to avoid the property price being rapidly pushed up. The “increasing curve” enlivened the trading of private house. Synthesizing the data from branch of Ricacorp Properties, there were 195 cases of trading among 50 index projects in Hong Kong by record which increased 9% comparing with the 179 cases made one week before (27th May to 2nd June) and it was the highest in 19 weeks. Trading in a week increased nearly by 10%. First batch buyers of white form Home Ownership unit with free premium are going into the market step by step and this drove the trading in second-hand market rising. Latest and also the first case of white form Home Ownership unit with free premium was appeared in Fanling district. The unit is room 02, middle floor, building C of Yan Shing Court. It is in usable area of 554 sq ft and sold at HKD 2.228 million which was second hand Home Ownership market price. The average usable area sq ft price was HKD 4,022. The director of Ricacorp Properties, Chen Da-wei pointed, the trend of the trading in Hong Kong Island, Kowloon and New Territories were different if divided by districts. Thereinto, the trading quantity in Kowloon and New Territories rose while the trading quantity in Hong Kong Island fell according to the report. He expressed, as the purchasing approvals of white form Home Ownership units with free premium were being delivered, the purchasing power for unit which suit to young new buyer must sharply increase. Plus with the purchasing power may transferred to private property market after the price of the Home Ownership unit was rapidly pushed up. The comprehensive trading quantity among the 50 index projects in this week expected up to 250 cases. Thereinto, the ratio of trading in New Territories at small cost to the overall trading may possibly exceed 60%. 　 Panic purchase of Home Ownership unit in Kowloon District appeared. This indirectly pushed up the trading of small cost private house in the district. There were accumulatively 72 cases of trading among 20 index projects in the district last week which increased 18% by week. The trading quantity of Whampoa Garden, Sceneway Garden , Residence Oasis and Liberte among rapidly increased 1-3 times. The property market in Kowloon and New Territories is warming up. In New Territories, young new buyers keep coming into and supporting the market. 102 cases of trading were made among 21 index projects last week in record which increased 9% comparing with 94 cases in week before. Thereinto, City One and Kingswood Villas had separately 20 cases and 17 cases last week in record which separately increased 54% and 6% by week. 　 As for Hong Kong Island, 9 index projects only had 21 cases of trading in last week which fell 13% by week. The trading of projects in district are different. Trading quantity in Kornhill Garden, Nam Fung Sun Chuen and South Horizons increased 33%-50% by week. In contrary, Heng Fa Chuen,Island Resort and City Garden had no trading in last week which were paled in the comparison.

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