Second-hand buildings in Tung Chung sell for one million yuan a month

28Hse Editor  2023-01-05  #Transaction

Looking forward to returning to normal customs clearance agent: the most ordinary time has passed

Customs clearance between Hong Kong and the mainland is about to resume. Recently, most of the owners of large second-hand housing estates near ports and railways such as Yuen Long and Tung Chung are optimistic about the market outlook, and the anti-price tide has reappeared. The anti-price range generally reaches 2% to 3%. The latest transaction price of a large housing estate unit in Tung Chung is one million yuan more expensive than that of a unit with the same area and spacing at the beginning of last month. Real estate agents describe that the cheapest time to buy these large housing estates has passed. Users who previously wanted to take advantage of the cheap price to enter the market will now speed up their decision to enter the market, because they are afraid that property prices will rebound after the customs clearance. ◆reporter Liang Yueqin

According to agency data, owners of large housing estates built on top of the railway in Yuen Long District, which is close to the Shenzhen Bay Port, have turned their prices against each other. Chen Zhonghao, senior sales director of Centaline Properties in Tuen Mun, Yuen Long, and Tin Shui Wai, pointed out that after the news of the resumption of customs clearance between Hong Kong and the Mainland at the end of last year, most of the units in large housing estates in Yuen Long District, such as YOHO TOWN and YOHO MIDTOWN along the railway line The counter-price began, ranging from 2% to 3%.

Yuen Long Railway's superstructure reverses price by 3%

For example, he pointed out that Room B on the lower floor of Block 1 of YOHO TOWN, with an area of 393 square feet, was sold at an original asking price of 5.7 million yuan, but the final price was reversed to 6.02 million yuan, an increase of 320,000 yuan or 5.6%. The converted square foot price was 15,318 yuan. The home is for the user. He pointed out that last month, the transaction price of YOHO TOWN and YOHO MIDTOWN could still reach 13,000 to 14,000 yuan per square foot, but now it has risen to nearly 15,000 yuan per square foot before they are willing to sell.

He believes that the most affordable time for these large housing estates has passed, and users who wanted to buy flat before now will speed up their decision to enter the market, but they will buy more expensive ones. However, on the whole, the asking prices of second- and third-tier housing estates in the district remained stable.

As for the owners of large housing estates in Tung Chung near the Hong Kong-Zhuhai-Macao Bridge and the airport, the same price was reversed. Lijiage Liu Jingjun pointed out that the high-rise unit H of Block 2 of Blue Sky Coast was sold for 7 million yuan a few days ago, with an area of 561 square feet and two rooms separated. up to 1 million yuan. In addition, for the low-floor Room D of Block 7 by the Dongdi Bay in the same district, the owner was willing to sell the property from RMB 6.1 million to RMB 6.5 million. The reverse price was RMB 400,000, a rate of 6.6%.

Even the Tseung Kwan O District has seen low-level rebound transactions. Room B on the middle floor of Block 8, Tseung Kwan O Center, with an area of 438 sq. According to the agents in the area, since the announcement of the return to normal customs clearance, some owners in the area have become more aggressive in asking prices, and some even reversed the price, and this transaction is about 3% higher than the previous low.

Buyers speed up entering the market in case of counter-price

On the other side, some buyers have accelerated their decision to enter the market due to counter-prices. Midland Realty Chen Shaohong said that the high-rise room H in Tower 1 of Maanshan Center was sold, with an area of 468 square feet. It is a two-bedroom unit. The asking price was 6.88 million yuan, and the final price was 6.It was sold for 400,000 yuan, and the price per square foot was 13,675 yuan.

It is reported that buyers, seeing that property prices have bottomed out and rebounded, decided to buy properties instead of regular purchases. Due to the owner's anti-price and competition from many customers, he missed entering the market. Seeing the attractive property price this time, he immediately made a decision.

In fact, as Hong Kong and the mainland have continued to optimize epidemic prevention and control measures in recent months, the property market has picked up. Just past Saturdays and Sundays, the second-hand sales of the top ten housing estates of each agent have all risen to double digits. It also reproduces the case of big hand customers sweeping goods. The Central Plains CSI Residential Price Index, which reflects the views of front-line brokers, has risen sharply in successive weeks.

CSI challenges the dividing line

Huang Liangsheng, senior co-director of Centaline Real Estate Research Department, pointed out that this week the index successfully broke through the lower limit of the 45-point demarcation line, and it is estimated that it will challenge the 50-point demarcation line. If it can rise above and stabilize, it indicates that property prices are expected to bottom out and stabilize.

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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