The government is second-hand valuable

However, if the rate of increase is far behind the performance of land prices, some property developments in the newly developed areas that have been pushed together in the past three to four years will most likely reflect this situation.

High price grab land storage

Recently, a local blue-chip developer purchased 2 sets of sea view land in Kai Tak from the inside house at a price of $ 15,000 per square foot, an increase of over 10% over the price of 2% two years ago. At that time, Housing sale of assets is also a strong cash intentions, the current price is still the transaction, it even more surprised the market.

On the one hand, the price premium is not high yet. Second, the developers who purchase land have made great strides in the acquisition of old buildings in the past two years. As a result, the amount of land storage for development in the medium and long term lines soared. Or less reflect the views of developers on the market outlook, the general is still widely optimistic mood.

Market attention to the proposed limit

In addition, the high transaction price of the above-mentioned high-rise flats also highlighted another issue: the conditions of transfer of government land will not be resold or impacted by the change of developers. Resale of private flats at any time will not be resold. However, due to the different ground backgrounds , So the cost of each sale is regarded as the real market price by the market. Coupled with the developers ‘willingness to pass on the risk at any time, the market is also paying attention to the developers’ willingness to bid more if the property market is in a better mood. Second-hand speculation, should set limits caused by the attention of all parties in the market.