Internal transfer of Fu Chi, self-made “first set" into the wind

Internal transfer of Fu Chi, self-made “first set" into the wind

It is becoming more common for owners to transfer their “first name" status through internal transfer. In the first half of this year, a total of 2 494 second-hand residential internal transfer transactions were recorded in the first half of this year, accounting for 10.6% of the 23 436 second-hand residential transactions in Hong Kong during the period. The number, which accounts for the overall second-hand residential transaction registration ratio, climbed further to 12.2%, a record high of nearly five months.

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According to the bank’s information, there were 3,663 registered transactions in second-hand residential properties in Hong Kong last month. 442 cases were internally transferred, with a ratio of 12.1%, an increase of 2.8 percentage points from about 9.3% in May, and a two-month increase. It has a five-month high after 14.2%.

Q Fangwang pointed out that about 110 of the “anonymous" owners have re-entered the market. For example, after the owners transferred the Tai Po Beverly Hills Villa for internal transfer of $38 million, they purchased the first one on the same day. The Tan Hongshan Peninsula has a value of about 100 million yuan. After deducting the stamp duty of 7.125 million yuan for internal transfer, it still saved more than 10.2 million yuan in ad valorem stamp duty.

Apart from the luxury properties, many of the mid-price housing estates in the period also have a “de-listing" internal transfer situation. For example, the two-bedroom apartment in the middle and upper floors of the Tai Shan Court in Taikoo Shing, Quarry Bay, has a saleable area of ​​582 square meters. It was originally co-branded in 2009. The purchase of 4.68 million yuan, but one of the owners was removed from the previous month, the unit thus recorded an internal transfer registration of 12.6 million yuan.

In the first half of this year, there were 2,494 internal transfers, an increase of 352 (about 16.4%) from 2,142 in the second half of last year, but the proportion dropped from 13.6% in the second half of last year to about 10.6% in the first half of this year.

Chen Kunxing, managing director of Q Fangwang Hong Kong, said that overall second-hand trading in June has shrunk significantly, but the internal transfer ratio has continued to rise, reflecting that the owners are still optimistic about the market outlook for the month, and the internal transfer of self-made “first place” status Deploy additional residential properties.