Centaline Property residential department president Chen Yongjie said, the market has no good news, coupled with mortgage rates further rise, so that the property market is shrouded in a wait-and-see atmosphere, the public generally worried about the continued decline in property prices, do not dare to rashly enter the market, buyers and sellers need to coordinate the price of the property, the second-hand trading is expected to be quiet in the short term.
Hong Kong Island three major blue-chip housing estates this week have not recorded no transactions, trading quiet bureau.
Centaline Property Taikoo Shing area senior regional sales director Chiu Hung Wan said, in the haze of interest rate hikes, Taikoo Shing this weekend no transactions, buyers are hesitant to enter the market, the region's wait-and-see atmosphere, Taikoo Shing recorded only one case this month, the transaction is slow, I believe the second-hand owners need to further expand the bargaining range, in order to attract buyers to enter the market.
In Kowloon, among the four major target estates, only New City recorded transactions, said Ko Yong, senior regional sales director of Centaline Property Tseung Kwan O Metro Station Branch, New City recorded three transactions this weekend, one more than last week, but the average saleable square foot price plunged more than 10% to $13618.
The new transactions include Phase 2, Block 6, low-rise room E, 538 square feet of saleable area, 750 square feet of building area, three-bedroom suite partition, with southwest interior garden view, the September asking price of $8.8 million, now greatly reduced by $2.12 million or 24%, to $6.68 million changed hands, equivalent to $12,416 per square foot of saleable price.
The original owner bought in September 2012 with 4.72 million yuan, now sold the book profit of 1.96 million yuan, the unit 10 years appreciation of 42%.
New Territories three major housing estates, only Kingswood Villas recorded a transaction, Centaline Property Tin Shui Wai Deputy Regional Sales Director Ng Yiu-jo said, Kingswood Villas weekend transaction for the Kingwood House, Block 12, low-rise F room, saleable area of 442 square feet, building area of 576 square feet, two rooms, the transaction price of $4.5 million, equivalent to a saleable foot price of $10,181.
The original owner bought the unit in September 2009 at $1.18 million and held it for 13 years, now selling it at a profit of $3.32 million, with the unit appreciating 2.8 times.
The interest rate continues to rise, the trading atmosphere in the area is quiet, buy to enter the market is sluggish, unless you meet the split price quality households. In fact, the bargaining power of owners in the area has been expanded to 5 to 10%, but transactions are still stagnant.
