In the first half of the year, the local property market was affected by the turmoil of the trade wars
In the second quarter, individual developers adjusted their pricing to tie in with the new mortgage arrangements, which led to a significant increase in the trading volume of private property transactions. In the recent months, the number of transactions in the second-hand market has dropped significantly. In the New Territories, for example, the Yuen Long Estate has a “zero floor” and the second-hand transaction volume has dropped significantly. On the other hand, it does not hinder the sale of new real estate. Among them, Yingjun Development is located in Baishijiao, Taopu, Taipu. The first batch of units are all clear on the same day, reflecting the developer’s pricing as long as it can be attached to the market, supported by rigid demand. The temporary impact is not great.
Tai Po Lang Tao’s sales are satisfactory, and developers are rushing to pursue the competition
Other developers are also stepping up their sales to launch new ones. The new large-scale new ones are on display. They are located at MTR Nam Cheong Station, Sheung Wan Estate, Tsuen Wan, Phase III, and Tsuen Wan. The building has been uploaded to Yingri Bay.consists of 3 high-seat and 2 low-rise residential buildings, providing a total of 1,172 huts, with a saleable area ranging from 267 to 2,171 square feet, of which more than half of the one-bedroom design units are popular. Type of apartment.
One of the selling points of another residential project, Yingri Wan, is to integrate commercial buildings, retail and catering business floors, and a number of large shopping malls at Tsuen Wan West Station, such as Fuxin Tiandi Phase 1 and Phase 2, Ruxin Plaza Phase 1 and Phase 2, Tsuen Wan Plaza, cinemas, supermarkets, and various restaurants have everything to do. Everyday life and supporting facilities are available. It is expected that if developers are priced and restrained, they will not be allowed to enter the market.
According to the data, the potential supply of new buildings will remain 93,000 in the next three to four years
However, as the government adjusted the proportion of public and private housing last year, the supply of private land will be reduced. Although developers are accelerating the sale of uncompleted flats, the government is not easy to sell. The developers have also slowed down the construction. Both have caused the supply of private buildings to fall. The demand for home ownership is still strong. In the case of short supply, it is difficult for property prices to fall.
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