Recently, the political situation has eased slightly, and some new-handed ones are eager to be launched
Looking forward to the end of the year, there are 5 new disks that are expected to be launched, involving more than 1,600 units. Kai Tak Jiafeng Hui will be the last large new disk before the end of the year. , Its pricing will become a market indicator.
The market has been generally calm in the past few days, and some new pre-sale orders have been approved earlier, and the pace of sales has been reorganized. However, according to this reporter’s statistics, by the end of the year, there are only about 5 new properties that are expected to be sold, involving 1,676 units, of which two are for small and medium-sized units, which are believed to be the focus of the market.
Changsha Bay Evergrande Ruifeng Approved for Pre-sale
Kaihua Jiafenghui, a subsidiary of Jiahua (00173), will open a demonstration unit to the media today, and it is expected that the price will be set within the day. Jiafenghui has a total of 1,006 units, ranging from open-plan to 3-bedroom units. The main units are 2-bedroom units, accounting for more than half of the total. The standard units have a practical area from 287 to 778 square feet, while characteristic household areas range from 1,027 to 1,888 square feet.
It is expected that the first batch of units will be no less than 202 units. In recent years, there have been multiple new listings in Kai Tak District. I believe developers will also use this as a reference. The most recently sold real estate is still selling, with an average transaction price of about 25,000 square feet. yuan. Jiafenghui is the last large-scale new market launched before the end of the year, and its pricing level is believed to be an indicator for the market outlook.
In addition, China Evergrande (03333) Changsha Bay Evergrande Ruifeng has also been approved for pre-sale, and it has the same opportunity to be launched, but the scale is relatively small, providing 414 units, with an interval from open to 3 bedrooms, and a practical area of 203. To 758 square feet, it is expected to attract young families and local branch families into the market.
St. George’s Mansions
There are also several luxury residential projects in the market that have the opportunity to be rolled out before the end of the year, including St. George’s Mansions, which is owned by Sino Land (00083) and provides 175 units, but it mainly focuses on large 3 and 4 bedroom units with a practical area of about 1,800 to 2,100 square feet, and a small number of 800 square feet of two-family homes with terraces and rooftops. I believe that the main force is to attract wealthy buyers. According to the developer earlier, preparations for building books and demonstration units are being prepared, but they are still pending approval. Pre-sale of off-plan properties, hope to launch as soon as the end of the year.
In addition, Yongyi International (01218), a single luxury mansion in Kowloon Tong and Hong Kong Industrial (00480) Discovery Bay Yifeng, have the opportunity to launch, providing 60 units and 21 units, respectively.