In 2020, there are expected to be more than 60 new market launches in Hong Kong, involving more than 25,300 units. Among them, Northwest New Territories, Tuen Mun and Yuen Long account for more than 6,400 units, and Tseung Kwan O accounts for 4,300 units
According to statistics from this newspaper, there will continue to be a large number of new market launches next year. There are expected to be more than 60 new market launches, involving a total of 25,399 units, of which the New Territories accounted for the largest portion, accounting for approximately 13,816 units, accounting for approximately 54.4%; There were approximately 4,645 and 6,938 units in Kowloon, accounting for 18.3% and 27.3%, respectively.
Large-scale project of Dawei Station attracts market attention
By region, next year, Northwest New Territories, Tuen Mun, Yuen Long and Tin Shui Wai will supply the most, involving about 6,419 units, including SHKP (00016) Tin Shui Wai Wetland Seasons Park, which has already been promoted. It has the opportunity to debut in the very short term and is expected to become Next year will launch a new market, and Sino Land (00083), Ka Wah (00173) and other cooperative development of the Yuen Long Kam Sheung Road Station Project and Hengdi (00012) Tuen Mun Wat Projects are very large in scale, with a large number of units. Property prices in the northwest of the New Territories have always been relatively low. I believe that many first home buyers will be aware of them.
On the other side, Tseung Kwan O is also a major city of supply, involving 4,325 units, of which 3 belong to the Sunrise Kangcheng Railway Project. In addition, the Jiujian (00034) Shijiao Road project is also large in scale, providing more than 1,500 units, in small units. Mainly. The New World (00017) Dawei Station project is divided into multiple phases for development and is large in scale. The first phase has the opportunity to be launched in the first half of next year. In addition, there are elements of the Shazhong line, which are all new market attention.
2600 units at Wong Chuk Hang Station
In the past, there were fewer large-scale new developments in Hong Kong Island. However, next year at Huangzhukeng Station, there will be 3 residential projects to be launched in the same year, with a total of about 2,600 units in Phase 3. Due to the involvement of different developers, there may be a situation of grabbing customers. Therefore, Huangzhukeng will also be one of the focus areas next year.
In the Kowloon area, the residential project of Xinghua Street co-operated by developers such as Wheelock Real Estate and Xinzhi has the opportunity to debut at the end of next year. It will provide about 1,400 units with a large number of units. Indicators for the market outlook.
Bu Shaoming, the chief executive officer of Midland Real Estate and Housing Department, pointed out that according to past experience, in some areas with more supply, new listings tend to grab customers at low market prices, and developers are expected to follow this pricing strategy next year. Due to the relaxation of the first home mortgage earlier, many buyers are expected to flow to the second-hand market, and the total number of first-hand transactions next year is expected to be about 18,000. Zhongyuan Real Estate previously predicted that 24,000 primary transactions will be recorded next year, with an estimated value of about 280 billion yuan. The primary market will continue to dominate the market next year.