5000 People Viewed Houses of OMA by the Sea.

28Hse Editor  2020-05-11  #New Properties
The government has relaxed the "Restriction of Gathering" since the COVID-19 epidemic in Hong Kong has improved. Citizens were actively viewing houses on Sunday (10th), which also was Mother's Day. The new project OMA by the Sea in Tuen Mun has attracted many citizens to view the sample flat. It is reported that the number of visitors was about 5,000. According to market sources, the project received about 320 applications, which are nearly doubled the 108 units in the first price list. Emerald Bay Phase 2 also launched the third round of sales. As of 7 o'clock, about 58 units were sold on Saturday and Sunday, cashing in more than HKD280 million. On the last Saturday and Sunday, a total of about 170 first-hand property transactions were recorded. Journalist (Chau Hiu-Ching) One apartment in The Grand Marine was sold for HKD17 million, the new high of the project. The Grand Marine in Tsing Yi sold a three-bedroom unit on the weekend, with both selling price and the sq ft price up to the new highs of the project. The Sales and Marketing Director of Grand Ming, Ngan King-Fung, expresses that it is Room A on the 32nd floor of Block 1 in usable area of 807 sq ft, and was sold for HKD17 million, with the sq ft price at HKD21,066, an increase of over 20% compared with the same units that had been sold in last November. It reflects the large-scale units in Tsing Yi are lack and are popular among users. Goldin's Grand Homm in Ho Man Tin also sold one yesterday. It is Room B on the 11th floor of Block 2, which is a three-bedroom-suit in usable area of 1,425 sq ft, and the sale price was HKD43.89 million, with the usable area sq ft price of HKD30,800. The buyer chose a 90-day immediate payment plan. Grand Homm has sold 4 units within three days from last Friday, with a total sale price of nearly HKD155 million. The project has sold up to 18 units, with a total selling price of over HKD700 million. Regarding the second-hand property market, several agents also revealed that the house viewing number of blue-chip housing estates was recorded an increase of about 10% on the last Saturday and Sunday. But the fact is available houses have been rapidly sold in the past few weeks. Four leading agents each recorded a decrease in transactions by 8-10 cases weekly. The Asian Pacific Region Vice Chairman and Residential Department President of Centaline, Chen Wing-Kit explains that buyers actively view houses as the epidemic has improved. However, currently available apartments reduce remarkably due to the rapidly selling in ten leading housing estates the past few weeks. So, buyers turn to the second and third-tier housing estates. Centaline statistics show that the transactions in ten leading housing estates on the Saturday and Sunday were 22 cases, down 29% weekly, and the number has been in double-digit level for five consecutive weeks. Hong Kong Property: Houses are popular, and the market has demand, leading to a rise of 10% in house viewing number. The Senior Associate Director of Kornhill Gardens Branch of Hong Kong Property Eastern District, Lam Chi-Hung confirms that house viewers seize the chance of government's relaxation of "Restriction of Gathering" to find the favorable houses. And it caused the rise of 10% in house viewing number on Saturday and Sunday. The transactions also increased at the same time. In the district since May, there have been 16 transactions, a sharp increase of about three times from the same period last month. However, the favorable houses in the district have gradually been sold, and some owners have narrowed the bargaining range slightly to 1-2%, with more aggressive bid prices. Hong Kong Property had recorded transactions on Saturday and Sunday with about 15 cases, a decrease of about 38%, but the number still in double-digit level for five consecutive days. Ricacorp: It is predicted the transactions in blue-chip housing estates will maintain a double-digit number. The Chief Executive Officer of Residential Department of Midland, Po Siuming, estimates that developers are actively putting on sale new projects as the epidemic is controlled. Large brand-new project in New Territories was the first to offer prices last week, OMA by the Sea has attracted some market attention this week, and later sizeable first-hand housing project in Tin Shui Wai will offer prices. These will lock up some second-hand purchasing power. But it can also further stimulate the release of purchasing power in the market. Midland recorded transactions on Saturday and Sunday with a total of 24 cases, a decrease of about 25% weekly. However, the number has been in double-digit level for 13 consecutive weekends and has maintained an active level of 20 cases or more for five consecutive weeks. The President of Ricacorp, Liao Wai-Keung, believes that buyers' desire to enter the market will continue, and the first-hand and second-hand property markets are expected to drive each other. It is predicted the transactions in ten leading housing estates on Saturday and Sunday will remain at a double-digit level in the short term. Market conditions will remain booming in May, and the property market will continue to develop healthily. The company recorded the second-hand transactions on Saturday and Sunday with 20 cases, a 33% decrease weekly.
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