The property market continues to have a high fever, new disks sell 85 units in two days

28Hse Editor  2021-05-24  #New Properties

On the past Saturday and Sunday (22nd and 23rd), the market did not see a new market, but the property market transactions are comparable to the temperature in Hong Kong-the heat wave is rolling. Last Saturday, the fourth round of sales was conducted on Jinhuan at Wong Chuk Hang Station. 24 units were sold in a single day and more than 590 million yuan was cashed in; 18 units were sold at SHKP Tuen Mun Royal Bay II over the weekend, and the transaction price per square foot hit a new high. Based on market data, about 85 new units were sold in the market on Saturday and Sunday. Second-hand trading also continued to be high on Saturday and Sunday. The four major agencies and the ten largest housing estates recorded 16 to 24 cases respectively, and there were even a number of "top-breaking" transactions. reporter Zhou Xiaojing

Sales of new properties on Hong Kong Island in Jinhuan are booming. Feng Hailun, Director of Sales and Marketing of Road King Real Estate, said yesterday that the market response was very satisfactory. Within half a month of the sale, 555 units were sold and more than RMB 12 billion was cashed in. Large-scale buyers are active. On Saturday, some buyers spent nearly 97 million yuan to purchase 2 3-bedroom units and 2 2-bedroom units. There are also many celebrities and wealthy people in this new development, such as Donnie Yen and his wife, Broadway Appliance Family, The Ma family of Dasheng Bank, etc.

Yinan overbought by more than 1.5 times

The "Yinan The Upper South" in Ap Lei Chau in the same district opened Saturday and Sunday to visit the show flats. As of Sunday night, nearly 2,000 visitors had accumulated. Nearly 130 tickets were collected by the city. With the first price list of 50 people, the overbooking was over 1.5 times.

In Kowloon, Lin Damin, general manager of the business (1) department of Henderson Property Agency Co., Ltd., said that the second round of sales of "THE HENLEY I" recorded over-subscription by more than 33 times, and the response was enthusiastic.

New developments in the New Territories also refused to give up. The Royal Bay II sold 14 units in a single day on Saturday, with the highest transaction price of RMB 22,922 per square foot, a new high for the standard unit of project stratification.

It is reported that the project has sold a total of 192 units so far, with an average transaction price of RMB 19,609 per square foot, and a cumulative cash out of over RMB 1.4 billion. Among the units sold on Saturday and Sunday, some units were sold at a price of 22,922 yuan per square foot, setting a new high for the project-level standard unit.

On the second-hand side, Flat B, High Floor, Block 6, Meihu Ju, Kingswood Villas, Tin Shui Wai, changed hands for 7.38 million yuan, with a practical average price of 11,846 yuan per square foot, a new high for similar units. The unit has a saleable area of 623 square feet, with 3 bedrooms and suites. The original owner bought the unit in 2015 for 4.83 million yuan. After holding the goods for 6 years, it left the market with a book profit of 2.55 million yuan, and the unit appreciated by about 53%.

Top ten housing estates continue to sell more than 20 cases

According to the analysis by Liao Weiqiang, President of Ricacorp, the purchasing power of the market in the past Saturday and Sunday has flowed into the second-hand market. However, the market listing is low and the price is high. Some prospective buyers need time to adapt, causing the overall transaction volume of the top ten housing estates to drop slightly on a weekly basis. The bank recorded 24 transactions on Saturdays and Sundays, a decrease of 4 transactions on a weekly basis, but it remained above 20 for two consecutive weeks.

Chen Yongjie, vice chairman and president of the housing department of Centaline Asia Pacific, expects that recently developers have generally offered discounts on the market. Some visitors have switched to the first-hand ticketing lottery to disperse the source of second-hand customers. Some customers will return to second-hand customers until next month. Bring prosperous trading. Centaline recorded 21 transactions on Saturdays and Sundays, a quarter of the previous Saturday and Sunday. Hong Kong Land and Midland each recorded 16 and 21 top ten transactions, an increase of 7% and a decrease of 19% year-on-year respectively.

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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