Centaline Property Asia Pacific Vice Chairman and President of the Residential Division, said that after the implementation of the news of customs clearance, both buyers and sellers are optimistic about the future market, there are also some buyers as early as last week to steal into the market, the market is reduced.
Owners see the pace of second-hand transactions accelerated, began to narrow the bargaining space or counter-offer, buyers in the face of rapidly changing market conditions, not willing to immediately catch up with the price, resulting in a tug-of-war transaction.
Chen Yongjie predicted that property prices have gradually rebounded, I believe that the earlier accumulated purchasing power will be released, around the Lunar New Year will appear a small positive spring.
On Hong Kong Island, Centaline Property Taikoo Shing Tung Shan Court Branch Regional Sales Manager Chong Kim Lan said Taikoo Shing recorded 14 transactions this month, equivalent to an average price of about $15,960 per square foot.
Compared to 5 transactions in the same period last month, the transaction was significantly accelerated.
The latest transaction of the branch is the high floor of Po Shan Court, Taikoo Shing, room C, with a saleable area of 582 square feet, facing southeast and looking at the city view.
The owner put the property up for sale in June for $12 million and was taken over by a local user for $9.2 million, equivalent to a saleable square foot price of $15,807.
The original owner bought the unit in March 1978 for $168,000 and has held it for 45 years with a book profit of $9,032,000, representing an appreciation of 53.8 times during the period.
In Kowloon, Centaline West Kowloon Mobil MasterCard First Branch Regional Sales Manager Lam Ka Kit said that the newly sold unit is a high-rise D room at 103 Broadway Street, Phase 4 of Mei Foo Sun Chuen, with a saleable area of 716 square feet, a building area of 954 square feet, and a 3-room partition, and the owner changed hands with $7.82 million, which translates into an average saleable price of $10,922 per square foot.
The original owner bought the unit in 2016 for $7.55 million and held it for 7 years, with a book profit of $270,000 and only 4% appreciation in value.
As for the New Territories, Centaline Property Shatin luxury residential Shatin Station, the first branch of senior regional sales director Lai Chung-man said that Centaline facilitated the transaction of the unit for the first city of Shatin, Block 8, low-rise B, saleable area of 451 square feet, building area of 544 square feet, 3-room partition, the owner of the unit changed hands for $6.15 million, equivalent to an average price of $13636 per square foot.
The original owner bought the unit in 2009 for $2.44 million and has held it for 14 years, making a book profit of $3.71 million and a 152% appreciation in the value of the unit.
The market sentiment is very good, but it is hampered by the fact that many Hong Kong people went north and traveled abroad in the past year, and many property owners decided to counter the price or even close the market due to the effect of customs clearance, so the second-hand transactions slowed down slightly this weekend.
According to the data of Ricacorp Real Estate Branch, there were 16 second-hand transactions in the past weekend (January 7 to January 8), which is 30% less than the 23 transactions recorded in the previous weekend (December 31 to January 1).
Mr. Liu pointed out that the official customs clearance from the Mainland today, market transactions did not see an immediate surge; many owners saw the emergence of good news, and look forward to the future market trend, so the heart of the male counter-offer, buyers and sellers bargaining time became longer, slowing down the transaction.
However, it is believed that the buyers' desire to enter the market is still strong, the second-hand transactions after the New Year will rise in price and volume.
In the past two days of the top ten target housing transactions, if divided by region in Kowloon, the most robust transactions, a total of 8 transactions recorded, Hong Kong Island and the New Territories recorded 5 and 3 transactions respectively.
In terms of housing estates, Taikoo Shing performed the best with 4 transactions in two days, followed by Whampoa Garden and Mei Foo Sun Chuen with 3 transactions each.
Metropolis and Kingswood Villas recorded 2 transactions each; Cityone Shatin recorded 1 transaction, while Laguna City, Heng Fa Chuen and Ying Wan Garden did not record any transactions.
