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New Developments Continue to Grab Customers
Aug 28, 2023
New Developments Continue to Grab Customers Hong Kong
By   Wen Wei Po 
  • City News
  • Hong Kong New Homes
  • Hong Kong Housing Market
  • Hong Kong Property
Abstract: The past Saturday (26th and 27th), two new flats have been snatching customers one after another, and the second-hand transactions are almost frozen.

Comprehensive market data, in the past two days, the new property sold about 136 units of new properties, including LOHAS Park Crest III sold about 75 units, Cheung Kong's Yau Tong Sea Friendly Stations I, II two phases of a total of 40 units of bulk goods. Four agents in the past two days of the top ten housing estates transactions are between 3 to 4, for a number of Saturdays in the low hovering.

 

Changshi sales department chief manager Guo Ziwei said, pro-sea station this round of sales unit is the original price of the sale, but the market failed to fully absorb the units launched, reflecting most of the purchasing power in the market or has been exhausted, coupled with a number of recent negative news flooded the market, making the stalemate of the property market to add to the frost, buyers are hesitant to enter the market.

 New Developments Continue to Grab Customers

Henderson development of Quarry Bay THE HOLBORN new round of sale of 20 units, the past two days sold 6 units, usable area of 255 to 268 square feet, all 1-room units, the transaction price of $5,915,000 to $7,346,400, cash out of nearly $38.65 million. It is learnt that THE HOLBORN has sold 199 units so far, cashing out about $1.472 billion.

 

On the second-hand side, the new flats are snatching customers, which makes the transaction continue to be quiet. Centaline top ten estates recorded 3 transactions in the past two days, has been recorded 17 consecutive weeks of unit number of transactions, zero transaction 7 estates.

 

Ricacorp's top 10 estates recorded 3 transactions in the past 2 days, with the number of flats moving up and down for 21 consecutive Saturdays. For Midland, about 4 transactions were recorded in the top 10 estates, with 17 consecutive Saturdays at flat number level. For Hongkong Land, 4 transactions were recorded in the top 10 estates, up by 1 week-on-week, but still at the flat number level for 6 consecutive months.

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New Developments Continue to Grab Customers
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