Policy address boosts confidence, new disks sell well

28Hse Editor  2020-11-27  #New Properties

Boao Village II sold 275 units of Azure East Coast Benmu yesterday, overbuying by more than 10 times

Although the new policy address did not reduce the risk of residential properties, the fourth wave of the epidemic broke out in Hong Kong, but the sales of new properties are still booming. The fourth round of sales of 315 units of Boao Zhuang II in Tai Wai Station yesterday. According to the news, as of 7:30 last night, 275 units were sold in a single day, with a sales rate of 87.3% and cash over 3.2 billion yuan. Other new developments also recorded more than ten times the number of votes. The first round of 279 units on the Azure East Coast of Yau Tong was sold on Saturday. Last night, more than 4,000 tickets were intercepted, and the oversubscription was 13 times. 1,137 votes were received, 15.7 times over-subscription. Developers pointed out that home buyers are actively entering the market, reflecting the positive impact of the policy address on the property market. ■reporter Liang Yueqin and Li Zitian

The Boao Zhuang II, which went on sale this month, has sold 1,347 units, accounting for about 90% of the project, and cashed in more than 154 Yiyuan, which is the most new real estate in a single month of more than two years. Wong Ho-yin, Director of Sales and Marketing Department of New World Development, pointed out yesterday that the 117 units that were launched during the fourth round of sales of the project yesterday morning in Group A were sold out at 12:30 noon yesterday. Investors, more than half of buyers choose the 180-day payment plan. According to market news, as of 3:30 pm yesterday, Group B has completed the selection of buildings, and a total of 217 units have been sold. The remaining 98 units are available for prospective buyers without tickets to select buildings on the spot.

Nine become users in big hands

Wong Ho-yin continued that the policy address has a positive impact on the property market, and users dominate the market. Recently, the property market has a warm atmosphere and healthy market conditions. He will actively research with its partner MTR. The remaining characteristic units of the project may be tendered for sale as soon as next month. roll out. It is expected that the orders for the tart places of Piao Zhuang I and II will need to be re-entered to register for the draw. CypressAozhuang III is expected to be launched as soon as the first half of next year.

Zheng Zhigang, Executive Vice Chairman and Chief Executive Officer of New World Development, said that the Pavilia Zhuang II epidemic market has achieved good results, reflecting the market's desire for high-quality real estate. The hot sales also proves that the group's forward-looking and brand effect has entered a harvest period. I believe in the future market. There will be more new properties on the market, adding a new concept of environmentally friendly and healthy manor life to meet the Hong Kong people's pursuit of a healthy life under the epidemic.

3 rooms are the most popular among the changers

Chen Yongjie, vice chairman and president of the residential department of Centaline Real Estate, said that even under the recent turbulent epidemic situation, the attendance rate of Piaozhuang II was still satisfactory yesterday. The attendance rate of the bank was about 60%. The bank recorded a group of guests spending about 1,800 Two units were purchased for 10,000 yuan, including two two-room households. About 60% of the bank’s overall buyers are users and investors account for about 40%. He believes that under the continued low interest rate environment, buyers tend to invest in bricks to combat currency depreciation. Three-bedroom units are more popular. This type of unit is sought after by house changers. Bu Shaoming, chief executive of the residential department of Midland Realty, also revealed that the bank also has large-scale customers who spent about 22 million HKD to purchase two units for their own use and investment, including one-bedroom and three-bedroom units.

Since the sale of Bo Ao Zhuang on October 17, 2,107 units in Phase I and Phase II have been sold cumulatively, with more than 23.8 billion HKD in cash. According to the news, there were 209 groups of large-scale buyers in Phase I and II who bought 2 or more units. The highest transaction amount was more than 60.5 million yuan. 3 units of three-bedroom units and 1 unit of one-bedroom units were purchased. About 60% of buyers chose construction period payment and 420 units. Day cash discount payment, 40% is 180 days cash discount payment.

Azure East Coast collects 4000 votes

On the other side, the first round of 279 units of the new Yau Tong property owned by Minmetals Real Estate, Azure East Coast, will be on sale this Saturday (one unit is tendered for sale), and the ticket cut will be made at 8 o’clock last night. Jun said that the project has received more than 4,000 votes since last Thursday, 13 times oversubscribed, among which large-scale customers accounted for nearly 10%, and they must buy more than two units. Buyers tend to enter the market for one to two-bedroom units.

Regarding the new policy address only announcing the abolition of the double stamp duty on non-residential properties, and there is no private housing market in Mexico, Fang Jun believes that the withdrawal of the non-residential market will not help the public to buy cars and buy properties. He pointed out that Hong Kong's banking industry has high risk management requirements and a very low ratio of bad and doubtful debts. The average loan borrowed by Hong Kong people to buy a property is not more than 60%. He believes that relaxing the mortgage insurance ratio is very helpful to the general public, and the increase in transaction volume is beneficial to the government's tax revenue. .

Fang Jun said frankly that he is a little worried about the rise in unemployment, but unemployment is only concentrated in a few industries, and these people are not the main buyers of private homes. Coupled with the imminent launch of the vaccine, the property market is expected to have a retaliatory rebound in the second half of next year.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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