Strong purchasing power in the first hand “supply of flats for sale” fell 12% from a record high of 57,000 in the last quarter,
Potential supply experience of first-hand private houses experienced the first decline in the previous quarter under the previous 12-quarter upward trend, edging down slightly by about 1,000 to 97,000 in the quarter. Consolidating the past data, the newspaper found that the “For Sale Flowers” , A total of 57,000 in the previous quarter, a decrease of about 12%. According to insiders, the number of transactions plunged due to the sales being faster than the supply after the implementation of the new spicy approach.
In response to the government’s frequent push for residential land in the past five years, the potential supply of new disk in Hong Kong over the past few years has been on the rise and pushed up to historic highs. However, if we subdivide each category, we find that the number of unsold flats in this category is quite different. In the past year, we all saw a decline and directly dragged down the overall figure.
Tsuen Wan new selling more than 4000 partners
In the above quarter, for example, the developer launched a number of large new flats. Among the 74,000 flats being built, about 17,000 flats have been sold and 1,000 flats have been added on a seasonally adjusted basis. Since September 2004, While the corresponding unsold flats dropped to 57,000. This shows that the sales of new flats are significantly faster than the new ones.
This year, the sales area is the most desirable area for sale. There are three new listings for sale in Tsuen Wan and Kai Tak Districts and Shan Tsuen Tsuen Wan District for more than 4000 new titles.
Potential supply first broken thirty thousand
However, due to the large number of large-scale development projects launched by the government and the granting of a number of large-scale land premium projects, the supply of land to start construction at any time increased by only 30,000 to 31,000 from just 24,000 potential supplies in the previous quarter, breaking through 3 for the first time The million mark, a record high since the 2004 record. The number of completed but unsold units has also risen steadily in the past two years, from 8000 in the fourth quarter of 15 to some 9,000, an increase of 80%.
Lam Hau-wen, Knight Frank’s senior director and head of valuation and consulting department, said that in the past few years, the government pushed on continuously and now it is at the peak of supply. Since the government implemented the new hotpot policy, the proportion of single-stranded buildings has been increasing. The number accounted for about 3%, first-hand floor well sold, natural decline.
Lin pointed out that the government should push for a long-term plan. It is not possible to launch all the high-quality land at present but it is enough for the next three to four years. Therefore, it has confidence in the government’s long push.
Zhang Qiaochu, deputy managing director of Colliers International Asia in valuation and advisory services, said that as there will be a number of major development projects to be approved in the market, the figures for the next two quarters are expected to continue to rise. It is estimated that in the first quarter of next year, the potential supply of new flats or Increased to 100,000 people.
Expected property market will rise steadily
Cheung Chu-chu said that as the supply continued to stabilize, the property market in Hong Kong would no longer see a sharp rise and fall, with slight declines between the two, but overall it will also rise steadily. As the developers will adjust their offer volumes, it is estimated Will not appear in the new disc over the sale of the situation. As vacant units continued to rise, Cheung pointed out that due to the continuous growth of property prices, developers tended to introduce some units at a time and would adjust their own pace.
On the future push-type units, Zhang said that property prices in recent years, a significant increase in property prices, many buyers want to chase the city, only a small total amount of small-scale choice, it is estimated that the small and medium-sized flats also become the mainstream. He said that this year more than a number of new disk sale, but the property prices are still rising more and more, expected the situation will continue in the next 1-2 season property prices will remain high.