Kowloon Tong mansion closed to the market focus

Entering 2018, Hong Kong stock market has made a success for many consecutive days. Coupled with the property boom last year, property market brought wealth effect. I believe this year the turnover of large-sum luxury mansion will continue to appear .

Luxury mansion continues to be optimistic this year

This week, King of Mansions, Lung Cheung Road, Lung Yee Road and Lion Rock Tunnel Road, at Kowloon Tong, will be closed this week. The site is located on the site of a traditional mansion with an area of ​​about 121,000 square feet and a total gross floor area of ​​about 436,000 square feet. According to the market valuation of land up to 10 billion yuan, the floor price of about 23,000 yuan, I believe in the “flour price” pushed up, the luxury of the “bread price” will be pushed up further.

In recent years, small and medium-sized flats have become the engines of the property market. However, Chairman Li Chia-cheng of CKGSB Department made it clear earlier that at present, all newly-built residential units are fine flats. He believes that if the property supply is too large, the value of fine units will be different. On the contrary the supply of super mansion is relatively small, supply and demand, luxury will further become the market focus.

Although the Hong Kong government has introduced measures such as “hot trick” and counter-cyclone earlier to crack down on property speculation, at present, Hong Kong is still in a low interest rate environment and its unemployment rate remains low. With the rigid demand of the property market in Hong Kong, many positive factors Support, I believe strong buyers will still be very interested in super mansion.