Second-hand property prices fell for six consecutive weeks. Phase 1B of Tuen Mun NOVO LAND developed by SHKP (0016) is booming. In the third round of sales on the past Saturday, 173 units were sold on the same day. The two phases of the project have sold 1,538 units in six rounds of sales, with a total cash-out of over 9.4 billion Yuan. According to market statistics, driven by NOVO LAND's big sales, about 193 units were traded in the first-hand market over the past two days.
Expect to launch Phase 2B of the project at the end of the year
Lei Ting, deputy managing director of SHKP, said yesterday that NOVO LAND sold more than 1,538 units in six rounds of sales, accounting for about 95% of the total number of units in Phase 1, cashing out more than 9.4 billion yuan for the group. On Saturday, nearly 1.025 billion yuan was cashed out on the same day, and 170 units sold at the mid-price list were sold out on the same day. Overall, buyers are widely distributed, with about one-third coming from Tuen Mun.
Seeing that there are still many customers in the market, Chen Hanlin, the acting general manager of SHKP, added that the preparations for the second phase of NOVO LAND will be stepped up, and the project phase 2B will be launched at the end of this year. Phase 2B provides 729 units, mainly 1-2 bedrooms, accounting for about 90%, and the rest are 3-bedroom and 4-bedroom.
Leofang·One Corner sold 7 units in two days
In addition, Henderson Land (0012)'s Leofang · One Corner recorded a total of 7 transactions in the past two days. The usable areas of the units ranged from 264 to 268 square feet. Among them, the highest selling price was Room K on the 25th floor of Block 1, with a usable area of 264 square feet, which was sold for 6,334,100 yuan, or 23,993 yuan per square foot. According to sources, Larchwood in Mong Kok developed by Wang On (1243) has accumulated about 200 votes so far, which is about three times more than the first price list of 50 units.
New disks are selling well, second-hand ones are too cold. Combining the data of the four major agencies, the transaction volume of the top ten housing estates dropped sharply in the past weekend, with 5 to 9 cases recorded respectively, a weekly drop of 37% to 55%. Bu Shaoming, CEO of Midland Residential Department (Hong Kong and Macau), believes that the first-hand and new projects continue to explode, and the front line is gradually shifting from the New Territories West to the urban area. The Kai Tak runway area will soon have new projects, which will stimulate the release of market purchasing power. The property market is still dominated by single players. The bank's top 10 trades in the past weekend hit a new four-week low, down 55% on a weekly basis.
The top ten housing estates in the new market grab customers and the turnover has dropped sharply
The worsening of the epidemic also dragged down the transaction of the property market. Chen Yongjie, vice chairman of Centaline Asia Pacific and president of the residential department, said that in a short period of time, there may be more than 10,000 confirmed cases in a single day, and the government will also have the opportunity to tighten epidemic prevention measures again, which will significantly reduce the number of second-hand property inspections. The top ten housing estates in the Central Plains recorded 9 transactions in the past two days, down 55% week-on-week, a 4-week low, and the number of zero-transaction housing estates rose to 6.
Liao Weiqiang, president of Ricago, believes that some buyers are also waiting to see the rate hike rate when the U.S. rate is discussed in September, hoping to implement the market entry plan after the trend of Hong Kong interest rate becomes clear. The bank's second-hand transactions in the past weekend fell 50% on a week-on-week basis to 9. Another agent, Hong Kong Real Estate, recorded a total of 5 transactions in two days, which fell by nearly 40% week-on-week, maintaining a sub-double-digit level for two consecutive weeks.
