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Hong Kong Property Market - Yr.2018 Oct: Average price per sq feet $12192 2.6%   (last month:$11883)
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[2018 Prospects new supply] new disk more than 3 million 6 consecutive years

2018-01-08-(Mon)
【28Hse.com】  

By the end of the period of supply of land, Tai Po Hong Kong Kwun Tong accounted for nearly half

Hong Kong Wen Wei Po (Reporter Liang Yueqin, Cen Jianle) At the beginning of 2018, major developers actively deployed real estate projects. The government has seen substantial increase in land supply in the past few years. The market estimates that there will be 111 potential new supply of first-hand private residential projects this year with a total of 31,005 offers for a continuous 6-year period of 30,000 or more. This year, new real estate supply to Tai Po, Tseung Kwan O Sunrise Cancun and Kwun Tong District accounted for the most, reaching 6,027, 5,392 and 2,972, respectively, for a total of about 144,000, accounting for 46% of the total potential supply.

New properties still dominate the market. According to information provided by Ricacorp Real Estate Research, there will be a potential supply of 111 new properties in Hong Kong this year, bringing the total to 31,005 for 6 consecutive years at more than 30,000. However, due to the impact of pre-sale and pushing of real estate strategy, the estimated actual property sales volume was initially estimated at 18,600. Among them, the supply of new flats in Tai Po, Tseung Kwan O Sunrise Cancun and Tuen Mun was the largest. The actual number of 18600 real estate developers, it is after 2003, that is, up to 15 years.

This year, eight thousand blocks attract attention

By district, the New Territories continues to be the first brother of the three major districts in terms of number of projects and projects. The total number of 51 projects involved is 20,081, accounting for about 65% of the total supply this year. Among them, , Sai Kung and Tuen Mun districts account for the most. A total of 6,027 potential suppliers are available for a total of 6 projects in Tai Po. Of these, 4,527 have been provided to five projects in Pak Shek Kok alone. Sai Kung District benefited from the supply of 5,392 of the 3 largest projects in Hong Kong's largest warehouse in Tseung Kwan O in 2018, together with a few other bungalows in the area. The entire Sai KungUp to 11 projects with a total of 5,476 new properties for sale.

For example, according to the size of the project, a total of 8 large-scale new developments with a total of 1,000 or more divisions will be scattered across the four major regions this year. Among them, 2 are those with 2,000 or more clubs; among them, Nam Fung's Sunrise Cannes 6 With the largest number of projects with a total of 2,392 units. Tightly, there are 2,000 units in the development areas of Phase 2 and 3 of Kwun Tong Town Center. In addition, Wheelock's Phase 5 of the project at Sunrise Cannes is also provided with 1,600 units while the Lai Chi Shan project overseas in China and the Shirakawa Project in Shin Kong also provide 1,500 units each.

Newly proposed to push 3700 ingredients to dominate

For developers, excluding the semi-official MTR Corporation, the newly planned sales of about 3,700 new flats are the most. New properties for sale during the year include: Xuanxian North Point, Kau Sai Yun in Shatin, White Rock Clouds in Ma On Shan, Bardu Hill in Mid Levels West, Pak Shek Kok Project in Tai Po, Tuen Mun Project Phase I and Sunrise Cannes Jinhai II . Thunder, the new deputy managing director, anticipates that property prices in Hong Kong will rise modestly by 5% in 2018. Statistics show that MTRCL has four covered projects along the railway line this year. In total, 6,112 have the opportunity to launch the project.

The second most is Cheung Kong. According to Cheung Kwok-hung, Cheung Kong Executive Director, the company plans to sell about 3,000 units this year. The new flats comprise about 2,500 units, including 90 Repulse Bay Road, Po Wao Road Project, Sham Shui Po Hai Tan Street redevelopment project, and Sunrise Cannes No. 8. He expected that Hong Kong's economy will be good and there will be about 10% volatility in property prices by 2018.

The third largest is Wheelock, with more than 2,000 expected. Wong Kwong Yiu, Managing Director of Wheelock Properties, said in 2018 plans to launch five new properties for sale in more than 2,000 units, including small and medium sized residential and super luxury units. Of which, 5 of the Lohas Park was launched at the beginning of the year to provide 1,600 units; the second phase of Kai Tak OASIS KAI TAK will be launched in the second quarter with a total of 340 units; the third quarter of Tseung Kwan O MONTEREY Phase 2 of GRAND MONTEREY About 118 guys.

It is worth mentioning that the Peak MOUNT NICHOLSON, which is also the sales agent of Wheelock Real Estate, recorded last year's new record highs in Asian luxury mansions. There are 14 strata and eight bungalows for sale in the fourth quarter The current block of buildings will be responsible for the sale of the Wharf project at No. 77 to 79 Peak Road in Kowloon. There will be a total of eight bungalows each covering about 6,000 to 8,000 square feet.

Ka Wah International and Henderson real estate each about more than 1,000 people. Wah Wah Managing Director (Hong Kong Property) Wen Wai Ming pointed out that in the first half of 2018, the Pak Shek Kok project in Tai Po will be launched, providing about 1,073 units and about 100 units for the Group's cargo tail. Han Jiahui, general manager of Henderson Land Business (II), said the department will launch three new residential properties this year, all of them small and medium-sized properties, providing about 1,000 units. Of which No. 8-30A, Jiashan Street, Mongkok (Phase 2 of Leo Square) and No. 6-22, Chung Cheng Street, Sai Ying Estate, will be available for sale in the second quarter of the year at about 500 and about 200 respectively. 13 and 23 Jupiter Street, North Point Provide more than 200 guys.

Translated by 28Hse.com . All right reserved.