2024-04-30 28Hse Editor
Last week's Budget announced the relaxation of the mortgage insurance scheme, which attracted some buyers to actively enter the market in the past weekend and Sunday (26th and 27th). Based on the data of the four major agents, the top ten blue-chip housing estates recorded 9 to 12 transactions respectively in the past two days. Compared with the previous week, the transaction volume did not decrease. Chen Yongjie, vice chairman of the Asia Pacific region and president of the residential department of Centaline Real Estate, described that the second-hand property market will turn around immediately, and among them, mid-priced properties are the most benefited.
Epidemic control is expected to drive transactions
The Budget announced to revise the mortgage insurance plan, raising the property price ceiling for the maximum 80% mortgage loan from $10 million to $12 million; The impact of relevant measures has appeared. Chen Yongjie pointed out yesterday that middle-class buyers actively negotiate prices while the market situation is softening, and will speed up their decision to enter the market when they encounter a flat market. Even if the property inspection activities are affected under the epidemic, there is still a market for second-hand transactions. The top ten housing estates in the Central Plains recorded 10 transactions in two days, stabilizing the double-digit level for three consecutive weeks.
Liao Weiqiang, president of Lijia Court, believes that if there is no relaxation of mortgage insurance, the transaction figures of the top ten housing estates will further decline. The new mortgage insurance plan has accelerated some buyers to enter the market due to the lower threshold for the first phase, but due to the impact of the epidemic, there has been a hedging, so the transaction figures have not broken through. The bank recorded a total of 9 second-hand transaction cases in two days, which was flat on a weekly basis.
When the epidemic is under control is still crucial to the impact on the property market. Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), believes that the nationwide testing is imminent. If the epidemic is effectively controlled, it will stimulate the local economy again, which will be beneficial to the healthy development of the property market, and the condensed purchasing power will also help release. The bank's top ten housing estates recorded a total of about 12 transactions in the past two days, a weekly increase of about 9.1%.
Ma Taiyang, chief operating officer of Hong Kong Real Estate and director of Kowloon District, revealed that in the past two days, the number of property inspections in its various districts has improved, generally recording an increase of about 10%. Hong Kong Properties recorded a total of 11 transactions on weekends and Sundays, compared with 7 transactions last week, an increase of more than 57% year-on-year.
In terms of new properties, there are still sporadic transactions. Kwun Tong Kaihui II, Yau Tong Hoi Ao Wan, Cheung Sha Wan Harbour Plaza II, Tsing Yi Huilan, Tuen Mun Evergrande · Junlong Bay II recorded 1 transaction respectively, Tuen Mun Royal Bay II sold 2 units, a total of 7 new units were sold in the two-day market.
KOKO HILLS launches 96 units on Wednesday
In addition, Wheelock East Kowloon KOKO HILLS will benefit from the new mortgage plan. The No. 10 sales arrangement announced on Saturday involves 96 units, of which a total of 55 units will be benefited. The units will be sold this Wednesday. According to the construction period payment plan, the discounted price of all units in the price list is 19.2 million yuan or less, 47 units have a discounted price of 12 million yuan or less, and 8 units have a discounted price of 10 million yuan or less. According to the latest coverage of the insurance plan.
In this price list, the usable area is from 366 to 770 square feet, and the discounted price is from 8.075 million to17.731 million yuan, the discounted price per square foot is from 19,674 yuan to 25,634 yuan, and the discounted average price per square foot is 21,522 yuan. Among them, 14 units are involved in the tender, and the tender date is from Wednesday to April 30.
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