2024-04-29 28Hse Editor
The "topping" of property prices triggered public panic into the market. On the past Saturday, the Tsing Yi Nano market quickly sold the 143 units launched in 6 hours. Some members of the public bluntly worried that the price of late purchases would be higher, so "buy first, count first." However, entering the market when property prices "break the top" is likely to become a "topping" pick. As the property market continues to rise, the price premium for new properties will also be higher, which will often "exhaust" the increase in the next few years. For example, Victoria Harbour Song, a used North Point property, has recently seen a declining transaction, and the business owner will lose 14% or 1.79 million yuan in four years. Experts warn that property prices have risen strongly recently, and bank valuations may not be able to keep up. The public may need to raise money to the meeting, urging not to panic into the market.
The Central Plains City Leading Index CCL, which reflects the transaction price of second-hand properties, last week reported 191.34 points, up 0.65% weekly, 0.86 points or 0.45% higher than the historical high of 190.48 points at the end of June 2019, and nearly 9% higher this year. However, the "breakthrough" of property prices did not affect the public's enthusiasm for entering the market. On the past Saturday and Sunday, new listings and a number of new surplus stocks were accepted, which caused a rebound in the first-hand trading volume on Saturdays and Sundays, and two days were exhausted. Sell 184 units.
The new market is briskly trading over 180 units in two days
Hongan’s Tsing Yi Nano Pan Huilan launched 143 units in the first round on Saturday, and it was immediately sold within half a day; 8 units of "tart subscribers" in New World Hemantian Binhua also sold 7 units. The surplus of a number of new listings also performed well. The Southwest Kowloon Harbourfront sold about 6 units in multiple phases, including Leo Square in Tai Kok Tsui, Royal Bay in Tuen Mun, and Mayfair by the Sea in Pak Shek Kok.
The so-called "things are going to be reversed," experts remind the public to take a more careful look at their financial situation when property prices "break the top". On the one hand, they may be "touching the top" to take over, and on the other hand, the approved bank mortgage may not be as expected. . As the property market continues to rise, the premium rate of new property prices will be higher, and the increase in the next few years will often be "worn out". That is, even if the property market continues to rise in the future, the buyers' units will not It will rise at the same time, and it will even lose money when it sells. For example, at Victoria Harbour Song in North Point, many small owners will lose money when they sell goods. Recently, some people will lose 14% when they hold goods for 4 years.
The business director of Century 21 Beishan Real Estate, Yan Zhiyun, revealed yesterday that the recently recorded North Point Victoria Harbour transaction, the unit is 6 low-rise flats B, with a saleable area of 437 square feet, two rooms with sea views, and it was accepted by exchangers for 11 million yuan. , The saleable area is priced at RMB 25,172 per square foot. It is understood that the original owner purchased the Shangzhi Investment for 12.79 million yuan in November 2017, and has sold the goods for nearly 4 years, resulting in a book loss of 1.79 million yuan and a depreciation of about 14% during the period.
9 transactions in Victoria Harbour, 7 losses this year
Checking the past records, Victoria Harbour has had three loss cases for three consecutive weeks. The previous two bills have lost 3.49 million yuan and 4.71 million yuan respectively. Based on market news, Victoria Harbour has recorded about 9 second-hand transactions this year, with 7 book losses and losses ranging from 7% to 16%. AccountThe two profitable deals were only recorded 4% and 7.4% in appreciation respectively.
In addition, pay attention to the fact that bank valuations cannot keep up with the increase in property prices. Nu Skin's Yuen Long Pui Yi and Ho Man Tin Pui Hua have recorded 30 large tart orders in the last two weeks. It is understood that the buyers entered the market because the real estate agent lobbied them to attend the meeting, and the construction period was adopted. Payment means looking for a mortgage from a bank only after the occupation, but in the end it failed the bank stress test, and the mortgage failed to be made and the down payment had to be settled, making the hard-earned down payment wasted. Cao Deming, chief vice president of Jingluo Mortgage, reminded that recent market transaction prices are generally about 3% higher than bank valuations on average, and the valuation gaps for housing estates with less transaction volume will be even greater. Remind the public to pay more attention to mortgage issues.
Mortgage will need to pay attention to the valuation gap
On the other side, after Tai Wai Upper Gabriel Tower III announced the demolition and redevelopment, the first 3 cases of cancellation of transactions were recorded. According to the transaction record, 3 units were cancelled last Friday. The transaction price of the 3 units ranged from RMB 11.939 million to RMB 26.265 million. Among them, Room A on the 42nd floor of Block 1A has an area of 991 square feet and a transaction price of RMB 26.265 million. Yuan, the price is 26,504 Yuan per square foot. The above 3 units all use the 180-day payment plan. According to the compensation plan announced by the developer earlier, based on a property price of 15 million yuan, if the transaction is cancelled, the buyer can receive a compensation of about 310,000 yuan.
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