Centaline's top ten housing estates recorded 375 appointments this weekend, similar to 373 last weekend, a slight increase of 0.5%, the number of viewings continues to hover at a low level. Centaline Property's residential department president Chan Wing-kit said that the new housing market continues to dominate the market, the first round of sales of the new housing in Tuen Mun tomorrow, freezing a lot of purchasing power, many districts also have new housing deployment sales, coupled with the market is watching next week's U.S. interest rate negotiations, so the secondary market atmosphere continues to be sluggish.
On Hong Kong Island, Centaline Property Taikoo Shing senior regional sales director Chiu Hung Wan said Taikoo Shing temporarily recorded four transactions in June, about the same period last month. According to Chiu, second-hand transactions continue to be stagnant, with buyers hoping that owners will provide more room for bargaining, but most owners in the area are unwilling to cut prices to sell, so Taikoo Shing's transaction volume remains low in terms of units. Taikoo Shing recorded about 27 pre-contracts this week, a slight increase of 3.8% week-on-week. The asking price per square foot was $17,800, up 1.7% from last week.
Centaline Property Kornhill Hong On Street Branch's Chief Divisional Manager, Mr. Yeung Man Kit, revealed that Kornhill has not recorded any transactions in June and the trading is quiet. According to Yeung, most buyers are still holding a wait-and-see attitude towards the market, and the market is focusing on first-hand new developments, which has put pressure on second-hand transactions in the area. The estate this week recorded 35 groups of pre-booked visits, up 16.7% week-on-week, with the asking price per square foot remaining at $15,900.
In Kowloon, the Centaline West Kowloon Mobil MasterCard Third Branch Area Sales Manager Fung Kin Ping said, Mobil new estate transactions continue to be quiet, recorded 1 transaction this month. Due to the uncertainty of whether the interest rate is coming to an end, buyers are waiting to enter the market, coupled with the frequent emergence of new homes for customers, the first sale of the new homes in Tuen Mun this Saturday, freezing some of the purchasing power, Mei Foo Sun Chuen weekend appointments for viewing fell by about 7.7% on a weekly basis, is expected to maintain a quiet weekend secondary transactions.
Centaline Property East Kowloon Laguna City Phase 1, the first branch manager Guo Lijuan said Laguna City recorded 1 transaction for the time being this month, the recent decline in market sentiment, the direction of interest is not clear, buyers are cautious attitude to enter the market, but also expect the downward adjustment of property prices, but the owners still limited reduction, coupled with the new homes in the same area continue to push new products, the price is competitive, so that the second-hand further pressure. This weekend, Laguna City recorded 43 groups of viewing appointments, up 7.5% week-on-week, mainly due to the summer holidays coming, the recent increase in the number of customers looking for rental properties, the sale market is still quiet.
In the New Territories, Centaline Property Shatin First City Branch Regional Sales Director Lai Chung Man said that the recent lack of good news in the market, the market momentum is relatively low, coupled with many second-hand owners to reduce prices as expected by buyers, trading is quite stagnant, Shatin First City so far this month recorded about 3 transactions, the housing estate this weekend recorded about 45 groups of viewing, similar to last week, part of the new site to the corner customers began to flow back to the secondary market to find The number of transactions this month is expected to increase compared to last month.
Centaline Property Tin Shui Wai deputy regional sales director Ng Yiu-jo said, into June, the market situation of Kingswood Villas is still sluggish, the viewing atmosphere is quiet, the transaction is cold, only 2 transactions for the time being. Interest rate hike on the psychological impact of buyers into the market, the United States next week again, the current atmosphere of optimism, coupled with the neighboring Tuen Mun tomorrow will be the first round of sales, absorbing some of the purchasing power, it is expected that the second-hand transactions this month is difficult to pick up. Kingswood Villas has recorded 50 appointments this weekend, with the performance remaining flat on a weekly basis. The owner's asking price has been slightly reduced by 4.3%, with a practical asking price of about $11,000 per square foot.
