The first-hand transaction of the tail support market in July fell 33% month-on-month

28Hse Editor  2021-08-02  #Transaction

In the last week of July, due to the lack of new listings, the market only relied on last units to support the market. According to market news, 29 units were sold over the past weekend and Sunday (July 31 and August 1) in the past two days. unit. According to the "First-hand Residential Property Sales Information Network", a total of 1,252 first-hand transactions were recorded in July, a 33% decrease from 1,870 in June. Among them, the July data was supported by 505 units sold by China Overseas. About 501 units of Victoria Harbour 1 have been sold. reporter Zhou Xiaojing

Other developers also performed well. Henderson sold more than 113 units, mainly from Kai Tak THE HENLEY I; SHKP sold about 82 units, of which Tuen Mun Royal Bay II sold the most 25 units.

Trading is expected to rebound this month

Chen Yongjie, vice chairman and president of the residential department of Centaline Property Asia Pacific, said that the first-hand projects launched in July were mainly single properties, and there was a lack of large-scale new developments. A number of positive messages have emerged in recent days, such as the unemployment rate falling, the epidemic is under control, and customs clearance is expected. The stock market volatility has also caused some investors to arbitrage and swap properties. In August, there will be a number of new properties such as Tsing Yi and Tin Shui Wai. Will rebound to 2,000 cases. Bu Shaoming, Chief Executive Officer of Midland Realty's Residential Division, expects that if the new market in Fotan is on sale within this month, it may further reach about 2,500 units.

In the past weekends and Sundays, only He Mantian Fangfei, a subsidiary of Hip Shing Hong, led the rest of the new market to continue bulk shipments. Fang Fei launched the first round of 10 units on Saturday and sold 3 units in a single day, including Room B on the 3rd floor and the 3rd floor. Room C and Room C on the 5th floor were sold at prices ranging from 7.231 million to 10.1 million yuan, with a saleable area of 286 to 414 square feet, and a price of 23,400 to 25,300 yuan per square foot.

In addition, Wheelock’s Lantian KOKO HILLS sold 3 units in two days. Among them, the third high-rise H room, with a saleable area of 520 square feet and two rooms, was sold for 11.343 million yuan and 21,813 yuan per square foot. SHKP's Tuen Mun Royal Bay II has 3 units, including 2 high-rise M rooms, with a saleable area of 314 square feet. The transaction price was RMB 6,522,600 and the price was RMB 20,772 per square foot.

42 TUNG ST. launches 5 units tender

New developments on Hong Kong Island have updated their latest sales arrangements. 42 TUNG ST., a new development under TDS’s Sheung Wan East Street, announced yesterday that it will launch 5 special units for sale by tender. The tender period is from August 1st to September 30th, 2021. Intended price per square foot The maximum is 55,000 yuan. The guideline price per square foot of the bidding unit ranges from 38,000 to 55,000 yuan, of which the 5th floor full-floor unit has a usable area of 585 square feet and a 346-square-foot platform. The intended price is 38,000 yuan per square foot and the contract price is 22.23 million yuan. The top floor duplex unit on the 19th floor has the highest price per square foot, with a saleable area of approximately 1,157 square feet. The intended price per square foot is 55,000 yuan, and the contract is 63.63 million yuan.

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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