Centaline Property's top 10 estates recorded 490 viewing appointments this weekend, up 42% week-on-week, with South Horizons and
The number of viewings increased by a multiple of the weekend.
Centaline Property's Chief Executive Officer of Residential Department, Mr. Chan Wing Kit, said that after the long Chinese New Year holiday, property viewing activities resumed immediately and owners reopened their units for buyers to visit, the atmosphere of property viewing in various districts rebounded and the market trading atmosphere continued to improve.
On Hong Kong Island, Centaline Property Taikoo Shing District Senior Regional Sales Director Chiu Hung Wan said, Taikoo Shing has recorded 35 transactions so far in January, with an average price of $16,449 per square foot, and five transactions were recorded during the five-day Chinese New Year holiday.
The customs clearance effect, coupled with the expected easing of the US interest rate hike, has restored buyers' confidence in the market. Flats have been absorbed and property prices have bottomed out, so buyers are quickening their pace of entry.
Taikoo Shing recorded 30 viewing appointments this week, similar to last week, with the asking price per square foot remaining at $17,700.
Centaline Property's Kornhill Hong On Street Branch Chief Divisional Manager Yeung Man-kit said Kornhill Garden recorded 15 transactions so far in January, with an average price of $16,428 per square foot.
The property market has also taken a turn for the better with the customs clearance effect, with Kornhill recording one transaction during the Chinese New Year.
The holiday mood gradually dissipated from this week onwards, and property watchers continued to look for properties.
Kornhill recorded 40 bookings this week, up 60% from the previous week, and the asking price per square foot was $15,600, up 2% week-on-week.
In Kowloon, Centaline Property's Laguna City Divisional Sales Manager, Mr. Hung Kam Hing, said that the Chinese New Year holiday mood was strong and both buyers and sellers were busy travelling or celebrating the festive season, so trading in the area was obviously slowing down.
This weekend, the viewing atmosphere in the area has improved significantly, with Laguna City recording 65 bookings, a rebound of 62.5% week-on-week. The owner has not raised the asking price for the time being, with the asking price per square foot remaining at $12,600, which is expected to accelerate gradually.
Centaline Property Tseung Kwan O Metro Station Branch Senior Divisional Sales Director Ke Yong said, the new metropolis so far this month has recorded 19 transactions, has long exceeded the 15 transactions in the whole month last month, transactions are strong, the average price per square foot has rebounded to $14,874 level, reflecting the decline in property prices has been settled, but also the signs of reversal back up, prompting some of the car customers to accelerate the decision to enter the market, fearing that late purchase will be expensive.
The number of bookings in Metro City this weekend was 60, up 20% from the previous New Year holiday weekend, which is believed to be a positive turnout.
In the New Territories, Lai Chung Man, Regional Sales Director of Centaline Property's City One Shatin Branch, said that City One Shatin has recorded about 35 transactions so far this month.
The average price per square foot is about 14,086. Recently, driven by the positive news, buyers are positive about entering the market and speed up the pace of entry. It is expected that after the Chinese New Year, with people returning to Hong Kong from their overseas trips, trading will become more active.
Centaline Property's Deputy Regional Sales Director in Tin Shui Wai, Mr Ng Yiu-chor, said that Kingswood Villas has recorded 29 transactions so far this month, surpassing the 28 transactions in the whole of last month, which is not a bad performance in the traditional month of the Lunar New Year, where the transaction is relatively quiet.
After the long holiday, some owners reopened their units to buyers and prospective buyers also resumed viewing activities, resulting in a positive viewing atmosphere in the area.
