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  • More than 1,140 transactions of first-hand properties recorded in May 
More than 1,140 transactions of first-hand properties recorded in May 
Jun 1, 2023
More than 1,140 transactions of first-hand properties recorded in May  Hong Kong
By   Centaline Property
  • City News
  • Transaction
  • new property market
  • new property
Abstract: The new property market is stable, with more than 1,140 transactions recorded in May, an increase of more than 10% month-on-month.

Developers are preparing for the launch of new developments next month, with the forthcoming demonstration units at Siu Hong in Tuen Mun being well received and a decision to launch additional units to be made by the weekend at the earliest. The project above Ho Man Tin Station is also planning to launch additional units within two weeks at the earliest, and the developer is confident that the price of the featured units to be put up for tender can challenge a new high.

 

Sun Hung Kai Properties (00016) Tuen Mun Zhaokang NOVO LAND Phase 2A sales are imminent, Sun Hung Kai Acting General Manager Chen Hanlin said that the project on Tuesday (30) after the opening of the exhibition hall and demonstration units, the same day has recorded about 3,000 visitors, mostly young and branch family customers, depending on the receipt of tickets and visits, the earliest decision to launch additional deployment at the weekend.

 

He continued that the project will launch a furniture offer for open-plan to three-bedroom units, buyers can choose a discount of 10,000 yuan or earn corresponding points according to the household type purchased, which can be exchanged for basic furniture of the whole house from designated furniture brands, or other home configurations such as towels and table lamps.

 

Chinachem Group Development's Ho Man Tin Station Yu I. The sales situation continues, the group's sales director Helen Fung said, the earliest two weeks to launch a new batch of units, including two-bedroom with storage room garden units, the project features units received about 30 groups of customer inquiries, the ruler price is confident to challenge the Yoga series recorded a new high of about 42,000 Hong Kong dollars.

 More than 1,140 transactions of first-hand properties recorded in May 

Yu Yi‧Tian Hai on Wednesday (31) the latest sold a two-room terrace kitchen units, for 2B Block 5 floor, room B, practical area of 525 square feet, the transaction price of $ 13,561,400, foot price of $ 25,831.

 

The company's general manager of sales Chen Mulan said, Yu Yi‧Tianhai cumulative sale of 51 units, cash about 720 million yuan. And the entire Yu series since the sale of 408 units, the total turnover of about 6.9 billion yuan, the project accounted for about 60% of buyers for Kowloon customers.

 

In addition, the Centaline Property specially set up the project in Ho Man Tin District, the bank Chen Yongjie said, the Hong Kong economy gradually return to normal, the major developers to seize the opportunity to actively push the market, the sales situation is ideal. So far this month, more than 1,100 first-hand transactions have been recorded, surpassing the 1,020 transactions in the whole of last month, and it is believed that 1,200 transactions can be recorded in the whole month.

 

According to the bank's research department, 687 first-hand private residential sales and purchases were registered in April, with a transaction amount of $10.06 billion, up 6% and 9% month-on-month respectively, and a 21-month high. It is believed that in the booming market, buyers' confidence in home ownership has turned strong, and major developers are actively pushing the property market will continue to accelerate.

 

The new property features units have a price market, Sun Hung Kai Properties (00016) and Henderson Land (00012) and other cooperation of KENNEDY 38, on Wednesday (31) even sold two groups. According to the transaction record book, the project's 33rd floor, room B, top floor features a practical area of 566 square feet, with 491 square feet of rooftop, as well as 34 square feet of terrace, the unit sold for $24.338 million, the price of 43,000 yuan, which is expected to be a new record high price for the property.

 

China Resources Land (Overseas) and Poly Real Estate Group (00119) joint development, located in Kai Tak runway area river waves King, Wednesday (31) sold a group of three-bedroom with suite units, the project Block 8, 15 floor, room A sea view units, with private elevator lobby, practical area of 1,525 square feet, sold at $ 51,961,100, feet price of about $ 34,072.

 

The developer pointed out that the development recorded seven transactions in May, with a transaction amount of more than 361 million yuan. The project has sold 93 units since it was launched, with a cash handout of more than $4.59 billion.

 

Sino Land (00083) and other four major developers to cooperate in the Southwest Kowloon Harbourview series on Wednesday (31) recorded another transaction, Harbourview I Block 3A, 26th floor, room D, practical area of 532 square feet, sold at HK$ 14.23 million, feet price of about $ 26,748.

 

The entire HarbourWay series sold 29 units in May, cashing in over $600 million, with an average sale price of about $21.16 million per unit, and 172 units sold this year, involving over $3.8 billion. Since the beginning of the sale, 985 units have been sold, with a total cash out of more than 15.7 billion yuan.

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More than 1,140 transactions of first-hand properties recorded in May 
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