2024-05-03 28Hse Editor
Purchasing power may continue to explode in the second half of the year, property prices are expected to rise by 10%
The global low interest rate environment continues, inflation is heating up, and "bricks" are still available. Even with the recent fluctuations in the stock market in Hong Kong and rental returns below reasonable levels, investors still regard property as an ideal target for fighting inflation. Due to the limited supply of properties in Hong Kong in recent years, new properties have become more sought-after. According to statistics based on the latest news from the market and developers, in the five months from August to the end of the year, there were nearly 11,000 potential new disks, concentrated in the New Territories, which is expected to alleviate the pressure of insufficient supply. The industry estimates that for the rest of this year, the demand for new housing units is expected to be heavier, and the market purchasing power will continue to explode. By the end of this year, the property market will maintain an upward trend, and property prices will rise by 10% throughout the year. (See also draft)
reporter Li Zitian
Based on statistics from major developers and market news, there will be 5 large-scale new developments in the second half of the year, including Wetland Seasons Bay (1,224 units), 1 Shek Kok Road, Tseung Kwan O (1,556 units), and Star Kai, Fo Tan • The embankment (1,335 units), The YOHO Hub Phase B of Yuen Long Station (1,030 units) and the Kam Sheung Road Station project (approximately 2,200 units) are bound to seize the market focus.
The price of Phase 2 of Hong Kong Island South Coast may exceed 30,000 yuan per square foot
In the first half of the year, the Wong Chuk Hang Station Hong Kong Island South Coast Project, which has set off a celebrity entry effect, is expected to launch the second phase of Yang Hai in the second half of the year, providing 600 units. Yanghai, jointly developed by Kerry, Sino Land and MTR, consists of two 24-story and 29-story buildings, with units ranging from 1 to 4 bedrooms, with an area ranging from 320 square feet to 1,901 square feet. The project has not yet been approved for pre-sale consent and will be launched as soon as possible after approval. Pricing will be adjusted with reference to the prices of projects in the same district, taking into account factors such as the landscape and the developer's brand. It is expected that the first phase of Jinhuan on the South Bank of Hong Kong Island will become a reference object. Looking at the information, the average discounted price per square foot of Jinhuan’s first price list is as high as 29,689 yuan, which means that the price per square foot is likely to exceed 30,000 yuan.
With the opening of the Tuen Ma Line, the demand for first-hand products in the New Territories is increasing day by day. SHKP recently announced that the first phase of the Wetland Seasons Bay residential project in Tin Shui Wai Wetland Park offers diversified layouts ranging from open to 4 bedrooms, ranging in size from about 270 to 800 square feet. The progress of the project preparation work is in line with expectations. The building brochure will be uploaded within the fastest week, and the demonstration unit will be opened and the price will be opened as soon as early August.
Diversified overall supply units
In addition, thousands of large-scale new properties will also be available in the market, and Zhongzhou Development Fotan Xingkai Embankment is also ready to launch in a short period of time. The project provides 1,335 units, and sales will begin after approval. The unit types of the project range from open-plan to 4 rooms, with special units, among which 1-3 rooms account for 90%, 1-bedrooms range from 330 to 390 square feet, accounting for about 29%; 2-bedrooms range from 460 to 580 square feet, accounting for about 34% ; 3 bedrooms from 670 to 950 square feet, accounting for about 28%.
Smaller projects are also in the second halfAppeared successively every year. According to the news, Tsing Yi's new disk Huilan has approved the pre-sale consent form and will be available for sale in August as soon as possible. The Huilan location is located at No. 8 Liaodu Road, involving about 320 units. The standard floor offers open-plan to 1-room partitions, covering an area of 181 to 257 square feet. The deployment will be announced in the short term. The Kai Tak THE HENLEY II project developed by Henderson Group has been approved for pre-sale, providing 301 units. The developer has stated that it will be launched after the Phase 1 units are close to being sold out.
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