SHKP's NOVO LAND Phase 2A in Tuen Mun sold about 190 units in the second round on Saturday, helping the new property market to sell more than 200 units in the past two days. Sun Hung Kai Deputy Managing Director, Mr. Lui Ting, said yesterday at the press conference that the first block of Phase 2A "King" Charlot, involving 410 units, is expected to be put up for sale in three months, and there are plans to launch Phase 3 for sale next year.
NOVO LAND Phase 2A sold more than 370 units in 9 days, accounting for 90% of the available units, cashing in more than 2.3 billion yuan, the entire NOVO LAND series sold more than 2,618 units in less than 11 months of sales. SHKP agent general manager Chen Hanlin revealed that the second round of sales last Saturday in the A group of enthusiastic sales, more than 600 square feet 3 bedroom units quickly sold out, the B group of open-plan units, one-bedroom and two-bedroom terrace kitchen units were also sold out, I believe the remaining units will also be absorbed by the market soon.
On the other hand, the second-hand transactions are still at a low level of repetitive sideways. According to the data of the four major agents, the top 10 blue-chip estates recorded 2 to 5 transactions in the past two days, and several estates recorded zero transactions. Centaline Asia Pacific Vice Chairman and President of the residential department, said that even if the Federal Reserve suspended interest rate hikes, buyers are willing to speed up the market, but still less attractive than new properties, the overall market is difficult to improve. The bank recorded 5 transactions in the past two days, compared to 2 cases per week, and zero transactions fell back to 5 housing estates.
Midland Residential Division CEO (Hong Kong and Macau) Bu Shao Ming believes that the weather was unstable last Saturday, coupled with yesterday coincided with Father's Day, some people went out to celebrate, affecting secondary activity. The top 10 blue chip estates recorded a total of 5 sales, unchanged from last week, and continued to remain at a low level.
The president of Ricacorp Liao Weiqiang outlook, the interest rate trend clarified, buyers' confidence to enter the market restored, the secondary property market transactions are expected to slowly pick up and up, the SAR government to implement the announcement of the relaxation of the first mortgage ratio, I believe the overall property market will have a driving effect. The bank's top ten target estates recorded five transactions, the most in the past five weeks. However, the Chief Executive Officer of Hongkong Land, Ma Taiyang, reminded that the Federal Reserve hinted that there is still a chance of interest rate hike in the second half of the year, bringing uncertainty to the local property market; and there are a number of new developments for sale, and to steal the market focus at a discounted price, so that the second-hand continues to be under pressure. The bank only recorded 2 transactions in the past two days, a new low since 4 weeks.
