Tin Shui Wai on the first car to million?
Some surveyors predict that property prices will rise by as much as 1% to 20% next year. If this is the case, the bargain threshold of the blue chip house will increase to more than $ 5 million. At least the first phase of getting on the vehicle in Tin Shui Wai To 100 million or more.
According to the figures compiled by the SDE, property prices soared 11.4% this year. Although subject to the interest rate hikes, the real estate industry is still optimistic about the market outlook. According to the surveyors yesterday, there was a 1-2% increase in property prices next year.
Kingswood 2 room first phase expenditures 240,000 more
If the already unattainable property prices go up by 20%, what will be the level? Due to the remote location in the waterfront, Kingswood Villas in Tin Shui Wai has always been regarded as a paradise for boarding passengers. Estate recently a 2 room deal, Jinghu Habitat 6 Middle F Room, an area of 442 square feet, the transaction price of 4420000 yuan.
If the property market next year rose 2 percent, similar to the sale of units in Kingswood Villas, property prices will exceed 5 million yuan, rose to 5.3 million yuan, practical high price of about 12,000 yuan foot.
According to the current guidelines of the HKMA on mortgage rates, the property price of $ 4.42 million, together with mortgage insurance, can generate a maximum of 8 to 9% of the mortgage (maximum loan limit is $ 3.6 million). Based on this, the initial period of $ 820,000 for the above units is required. With a repayment period of 30 years, according to 2.15% interest calculation, a monthly contribution of 13600 yuan.
If the property price rises by 20% and the unit price rises to $ 5.3 million, it will still make 80% of the mortgage. However, the first installment will cost $ 1.06 million, an additional $ 240,000 over the previous period, with the same repayment term and interest rate Calculation, the monthly contribution increased to 16,000 yuan, those who intend to board the car, the burden is increasingly heavy.
Another meager blue-chip estate in Shatin, the first city, the most recent 327 square feet of 2-bedroom units, the transaction price of 5.2 million yuan, if the property prices rose 2 percent to 624 million yuan, can not be constructed by the insurance means that the market will have to 4 into the first phase, the first phase will have 2.5 million yuan.