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Hong Kong Property Market - Yr.2018 Dec: Average price per sq feet $10332 8.98%   (last month:$11351)
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MALIBU 750 couple clears two days


Wheelock Property: Up to Now Uplifted 8%

Hong Kong Wenhui News (Reporter Yan Lunle, Zhuang Chengmin) The dog market continued to flourish. The first large new building for sale in Tseung Kwan O, Lohas Park, May 5, was opened for sale last weekend. The first round and the second round totaled 750 units. The two days were whirlwind. The style is clear. There is no lack of young people in the development of the developer's estate, Tak Fung Property, and it is said that it will “sell and sell”. The fastest way to negotiate with a partner is to discuss a new round of promotions and sales arrangements. There will be room for 5% to 8% increase.

Last Saturday, MALIBU sold 500 first-team sales. The discounted average price was about 14,500 yuan. Before the sale, it recorded more than 9,800 votes, an 18.6-times excess, which was the largest number of buildings the company had received in the past years. The 500 units were all cleared in the evening. Developers stated that most of the buyers were young buyers and 60% were first home buyers. The property was reopened for sale in the second round of 250 yesterday. In other words, in just two days, the property has been swiftly sold out to 750 people, accounting for over 46% of the total 1,600 families.

Sixty percent of young guests to join the first home

Liang Zhijian, Head of Real Estate, Wheelock, said that MALIBU has a good sales prospect and will not be sold in the future. Frankly, “selling sells”. Huang Guangyao, managing director of Wheelock Real Estate, pointed out that MALIBU launched a second round of 250 sales from 4:30 pm yesterday. The attendance rate of buyers exceeded 80% and 50 people were selected in the first half hour. They are confident that they will be able to make full payments in the day. Partner. The project will be pushed faster today and it is expected that there will be an increase of about 5% to 8%.

According to statistics, the 250 businesses that MALIBU started selling yesterday had a market value of about RMB 2.85 billion. The total market capitalization of 750 companies in the two rounds was about RMB 8.002 billion. The 250 area is 350 square feet to 802 square feet.The actual selling price was from $5.591 million to $13.922 million. The selling price was between $13,199 and $17,543. The discounted average price was $15,225.

Liang Zhijian renewed that the group's next project is Tseung Kwan O, Lohas City, 7th. The project consists of two high-rise buildings with a residential floor of approximately 765,300 square feet, providing approximately 1,250 seats, and an additional approximately 480,000 square feet of shopping malls (held by the MTR Corporation). The shopping mall will be completed in 2020.

Wu Shaoming, Chief Executive Officer of Midland Real Estate, said that the Bank’s customers had a 90% attendance rate yesterday and several groups of customers were interested in repurchasing two gangs; the ratio of users to investors in the bank’s contacts was 7 3. Young customers account for about 60%, and most of them need to be funded by parents. He added that the government's announcement of a new budget has no major measures for the property market and stimulated the market to continue. The purchasing power of the property market is sufficient. It is expected that more than 2,000 cases will be recorded in this month’s first-hand transaction. If the new projects in Pak Shek Kok and Tuen Mun in Tai Po are launched in the month, they may even challenge 3,000 cases. Second-hand deals are subject to new real estate developments, but the desire to enter the market remains high.

Chen Yongjie, vice president and president of Centaline Real Estate Asia Pacific, also pointed out that the bank’s attendance rate reached 78% yesterday, and the percentage of long-term investors contacting customers was 50%. He predicts that the property market will be dominated by the primary market this month, and the volume of primary transactions may reach 2,300. This is reflected in the capital market, where citizens’ investment property rents offset inflation.

One-handed closing record of nearly 800 people on two days

In addition to MALIBU, 63 Pokfulam of Jiujian Sai Ying Building also sold 11 stores in the past two days. Summarizing the volume of first-hand transactions on the two days, we recorded a total of 794 cases, which represented a significant increase from 48 transactions in the previous week. Of these, MALIBU accounted for over 90%.

Translated by 28Hse.com . All right reserved.