The director of marketing planning of China Continent Property, Mr Yeung Chung Wing, pointed out that the project has opened the demonstration unit of the brand-new King of Block 5 to the public, and attracted more than 1,000 people to visit the site in two days during the weekend.
The project's price list was updated on Thursday to include new specialised housing and stamp duty payment incentives, with buyers receiving discounts of up to 17.25 per cent. Since the launch of the project, 874 units have been sold, accounting for about 70% of the available units, and more than $9 billion has been realised, with an average price of $20,369 per square foot.
On the other hand, Changshi sells its car parking spaces in Ying Ying II in Tseung Kwan O and Harbourview Ode in North Point at a big discounted price, and over 30 car parking spaces were successfully sold in the two projects.
According to Mr Kwok Tze-wai, Chief Sales Manager, the market responded favourably to the sale of car parking spaces in the two projects. It is believed that the investment climate will improve with time. If the investment climate improves, we will not rule out the possibility of cancelling all the offers and restoring the original price.
On the secondary side, the market's accumulated purchasing power has led to an upturn in transactions in the quiet top 10 blue-chip housing estates, with 7 to 14 transactions recorded over the weekend in the four major agents' data, and the agents have seen a big upturn to return to double-digit transaction volumes, setting a multi-week record for the highest number of transactions.
Centaline Asia Pacific vice chairman and president of the residential department Chen Yongjie said, for two consecutive weeks near the weekend are affected by bad weather, the property market trading activities suffered a setback, the market has accumulated a certain degree of purchasing power at the end of the week outbreak, coupled with the second-hand owners to face the reality of the successive expansion of negotiation margins for the sale of second-hand transactions are expected to gradually pick up. The bank recorded 13 transactions over the weekend, hitting a 19-week high.
Midland residential department chief executive (Hong Kong and Macau) Boo Siu Ming that, although a few days ago there are large banks to raise the interest rate mortgage cap bit, and this month the United States also negotiated interest rates, there is a certain uncertainty, there are buyers rushed to raise mortgage interest rates to speed up the market before, it is expected that a number of new discs deployed one after another to put on sale in September, the market will still be dominated by the first-hand, but the low-priced second-hand shoots will still meet a certain acceptance of the force. The bank's top 10 housing estates recorded 14 transactions, a 19-week high.
In addition, Ricacorp recorded 12 transactions in its top 10 target estates over the weekend, a new 27-week high since early March this year. Hongkong Land recorded a total of seven transactions, a nine-week high.
