Chinese New Year Property Market Prosperous 20 New Listing Transactions

28Hse Editor  2021-02-16  971 #New Properties

The citizens stayed in Hong Kong for a long time. The property market took over the year of the Rat during the Spring Festival holiday of the Year of the Ox. Compared with previous years, both first-hand and second-hand transactions recorded new highs. Although there are no new market launches in the market, a total of about 20 new market orders were opened during the four-day holiday, and a total of about 34 transactions were recorded, an increase of nearly 1.5 times compared with 14 in the same period last year. Regarding the top ten blue chip housing estates, based on the data of the four major agencies, 6 to 10 blue chip housing estate transactions were recorded on the 4th of the Chinese New Year, continuing the Xiaoyangchun situation.

Kaihui draws more than 27.57 million dollars a day

In terms of single-day transactions, the market sold 8 units, 7 units, 7 units, and 12 units during the 4th holiday, with the best performance on the fourth day of the Lunar New Year. Yesterday, the Kwun Tong South Kwun Tong Grand Plaza received two transactions, attracting more than 27.57 million yuan in a single day. Among them, the second phase of Kwun Tong's Phase II Block 5, 18th Floor, Room H, has a saleable area of 722 square feet, and the transaction price exceeded 15.05 million yuan and the price per square foot was 20,845 yuan; Unit L on the 17th floor of Block 3 of Phase II has a saleable area of 592 square feet. The transaction price is RMB 12,528,100 and the price is RMB 21,162 per square foot. So far, 1,695 units of Phase 1 and Phase 2 have been sold, and more than 21.1 billion yuan has been cashed in.

During the Chinese New Year, Henderson Land launched the "Eight Star Announcement New Year Property Offer", and you can get a profit of 13,800 to 23,800 yuan when you enter the market. On the first day of the Lunar New Year alone, 8 transactions were recorded, involving nearly 47 million yuan. Yuen Long Shang Yue Ling and Quarry Bay Junyufeng sold 5 and 3 units respectively. A total of 9 new units were sold within 4 days, and more than 57 million yuan in cash.

Emperor Lantian overbought over 35 times

In addition, a few days ago announced a price increase to increase the 112 units of Emperor Lantian, Lin Damin, general manager of the Henderson Property Agency Sales (1) Department, revealed that as of 8:30 last night, a total of 4,073 registrations were recorded (intermediaries accounted for 30 votes) , Oversubscribed more than 35 times.

On the second-hand side, the sales volume of various agents for the New Year manufacturers hit a record high during the Spring Festival holiday for many years. Centaline data showed that 6 transactions were recorded during the Spring Festival holiday, which was double the 3 transactions in the same period last year, and the transaction volume was a 10-year high. Chen Yongjie, vice chairman and president of the housing department of Centaline Asia-Pacific, said that the property market has traditionally fallen during the Lunar New Year. Under the epidemic this year, Hong Kong people stayed in Hong Kong to spend their years and spend, and the animal industry market to watch the property and the transaction atmosphere remained active. He emphasized that second-hand transactions are not only concentrated in the top ten housing estates, but also in second and third-tier housing estates.

The property market is expected to continue to improve in the short term

Liao Weiqiang, president of Ricacorp, predicts that the property market will perform well this year due to the easing of tension between China and the United States and the stabilization of the society. With the help of the new market, the short-term property market atmosphere is expected to remain vigorous, continuing the small sunny spring situation. The bank recorded 10 transactions in the top ten housing estates during the 4-day holiday, a four-fold increase year-on-year.

In addition, Midland’s top ten housing estates had 6 transactions during the 4-day long holiday, which was a new high since the 10-year New Year’s holiday after 2011; Hong Kong Land Development recorded 8 transactions of the top ten housing estates during the 4-day holiday. Among them, Tseung Kwan O performed the best with 3 Case.

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