The wait-and-see sentiment in the second-hand property market spread to the public and HOS green watch markets
According to figures released by the Housing Authority, the total number of transactions in the green watch public housing and HOS secondary market (Green Watch) in Hong Kong in December 2019 was 71 , Down 40% month-on-month, hitting a new low in a single month last year; however, the figures are provisional and the Housing Authority will update them in the future.
Tseung Kwan O Home Ownership Records 3 Low Deals
The market sentiment was quiet and at the same time dragged down prices. Tseung Kwan O Homestay recorded 3 low-priced transactions last month. Among them, 4 low-rise apartment B in Fukang Garden, with a saleable area of 592 square feet, is a 3-bedroom apartment with a registered transaction price of 5 million (Unfilled land price), which is about 16% lower than the price of similar low-rise households at RMB 5.95 million half a year ago. The units of the same size in Chuangyaoyuan will have a new low price after January 2018. Secondly, Room 11 on the lower floor of Block G of Guangming Court, with a saleable area of 601 square feet, was sold at a price of 4.538 million yuan, which was 15% lower than the cost of similar units 2 months ago.
However, the government approved a new batch of white homes at the end of last month. The market expects the green watch and HOS market to pick up in January. In fact, in the past two days, the market has recorded a number of new cases of white house buyers buying immediately. The second floor of Po Chi Building, Po Lam Estate, Tseung Kwan O has a practical area of 381 square feet. The two buyers bought immediately and purchased the unit for 2.95 million yuan (without land premium) at a price of about 7,742 yuan per square foot, which is a record high for the price of green table public housing in Tseung Kwan O. The original owner bought the unit for about 420,000 in 2013, held the stock for more than 6 years, and made a book profit of 2.53 million to leave.
Juerji recorded 2405 cases last year, up 30%
Secondly, the high-rise room 6 of Longze Building in the lower village of Huangdaxian has a practical area of 428 square feet. The owner originally offered for 3.7 million. After the negotiation, he changed hands for 3.448 million yuan and the price per square foot was 8,056 yuan, which is an ideal price level.
In fact, driven by the government’s constant introduction of two white homes, a total of 2,405 HOS transactions were recorded in Hong Kong in 2019, a 30% increase compared to 1,836 in 2018.