Lai Chin optimistic about small and medium-sized units expected next year, property prices rose more than 10%

Pan Ruimin, senior vice president of Lai Sun Development (00488), is also optimistic about property prices in the next six months. Property prices have soared by over 10% for the whole of next year. Small and medium-sized flats are expected to have a stronger demand due to the demand support .

Hong Kong’s property market boomed this year with impressive results in a number of new markets. This year, the new project of Lai Sun Development is also quite satisfactory in Changsha Bay Yat Sing. A total of 90% flats have been sold and over $ 500 million has been set aside for the Group.

Pan Ruimin: Sai Wan Ho Pan Xiao households

Pan Ruimin, senior vice president of Lai Sun Development, said the remainder of the year will focus on the sale of surplus goods, including Tung Tau Ao, Tseung Kwan O in collaboration with the Imperial Group, the launch of rooftop features and the remaining units in Shettak Hei.

As for the coming year, the Group will launch a project in collaboration with the URA in the first half of the year at 9 Sai Wan Ho Street on Hong Kong Island. It is estimated that 150 units will be launched, also opening about 250 to 350 square feet of open and 1-bedroom units. He said that the district is more suitable for the development of thin units, hope to become the market focus.

At present, there are no new development projects in the group. Pan Rui-min means that the Group has actively explored the land and will consider it wherever it is suitable. It refers to “doing a lot of work and doing fine work with fine details”. Large projects can be developed with partners like Tseung Kwan O Blue Pool proud, if smaller development projects, the Group solely funded by the development.

Appeal to relax the acquisition of a win-win policy

Market price, see the market recently more than a new high turnover, the bid price to be competitive, the market has always been the dominant price, but also consider the cost and profit. The acquisition of old buildings in urban areas is also a common place to look for land in recent years. However, due to the current government policies, the pace of acquisitions is slowed down. We hope that the government can relax the acquisition policy and achieve a win-win situation for both landlords and developers.

Property market, Pan refers to the current market conditions, the next six months, the property prices are also more optimistic. He refers to the expectations of other large developers on the market outlook and generally feels that the market is booming. He expected the full-year increase of 10% to 15%.

As there is no major negative impact on the economy of Hong Kong, even if the rate hike in the United States during the year is as expected, it will not reduce the rigid demand of small and medium-sized flats in the household market. Many of the people on the go have a sense of urgency Buy more expensive “, so the fine units have the ability to undertake.