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First-hand transactions in June only 600 cases
Jul 4, 2023
First-hand transactions in June only 600 cases Hong Kong
By   Easyfarer Property Tour 
  • City News
  • New properties
  • transaction market
  • housing market
Abstract: The first half of the property price rise by the beginning of the year and the customs clearance effect driven, but then by the U.S. interest rate increases, stock market volatility and other factors, market sentiment has turned light.

In June, the new property market only recorded more than 600 transactions, compared with about 1,140 in May, a drop of about 45%. As for the tart booking there are about 12 cases, an increase of 3 cases per month. In order to go to the goods, developers are forced to make moves, including Henderson Land will take the lead in reducing prices, with a discount of nearly 15% compared to the market price for the sale of Kai Tak HENLEY PARK, the implementation of the "demand for quantity not price". Last Saturday, the first round of sales of 228 units, the same day sold 183 units, led to the past weekend of first-hand transactions, from the previous week's single-digit rebound to 219 cases, successfully activated the property market. Recently and again "big split price", a large increase in concessions disguised price reduction of up to 27% of the nine construction of Tseung Kwan O Hoi Yan Manor, has become another major income of the new property. This past Saturday sold to 14 groups, cashing in nearly $64 million.

 First-hand transactions in June only 600 cases

Although the pace of delivery accelerated, but this move, so that a group of "early to buy early to enjoy" the owners of the instant "sitting boat", a few months in the account loss of more than a million dollars. In addition, China CMC, has been the existing building of Tsuen Wan West Yat King. Long Bay, the new 7.4 million yuan sold a high-rise two-bedroom units, compared to the pair of landing mid-rise units nearly two years ago, the transaction price flat about 1.13 million yuan.

 

In the brand-new discs sold at market prices to grab customers, coupled with the Financial Secretary, Mr. Chen Mobo, said he was considering "fine tuning" in bank mortgages and mortgage insurance to help people change their properties, some prospective buyers are waiting for the new policy to be introduced, which has made the first weekend of the second half of the second-hand trading quiet. Major agents recorded by the blue-chip housing transactions only 2 to 4 cases, down 40% to 71% by week.

 

Among them, Wetland Seasons Park in Tin Shui Wai to eclipse the field, a 517 square feet with a rooftop three-bedroom features, the original owner put on the market for many hours, suddenly took the initiative to reduce the price of 1.2 million yuan to 7.3 million yuan to sell, and finally bargained to 6.98 million yuan to sell, the foot price of $ 13,501, about 10% lower than the market price. The original owner bought the unit in 2020 with about $7.46 million, taking advantage of the spicy tax period immediately after shipment, holding the goods for 3 years, the account loss of about 480,000 yuan, the unit depreciated by 6 percent during the period.

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First-hand transactions in June only 600 cases
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