Henderson Land announces that it has sold a total of 1,188 units in the first half of this year, breaking the sales amount of HKD13.07 billion, and is expected to achieve a higher sales amount than last year.
In addition, the communal clubhouse and show flats of the KAI TAK MIAMI QUAY I project jointly developed by Henderson Land, Hang Lung Properties (00012.HK), New World (00017.HK), and Emperor Group (00776.HK) were open to over 1,000 visitors yesterday (1st July). The project has sold 39 units since the show flats were opened, cashing in over HKD460 million.
Wang On PPT's Larchwood in Mong Kok opened its show flats during the July 1 holiday and recorded seven transactions, with a total sales amount of over HKD41 million. The newly added transactions were all for high-rise open-plan and one-bedroom units, with usable area ranging from 203 to 259 square feet.
Tai Hung Fai Group's Sheung Wan Summit launched 81 units for sale yesterday, with 65 units sold out by 6 pm, accounting for more than 80% of the available units. All two-bedroom units were sold out. The developer also announced the release of the third price list, which includes 17 units, involving two two-bedroom units and 15 one-bedroom units, with an average price per square foot of HKD21,266.
In the secondary market, the ten major estates recorded 9 transactions over the past weekend, a weekly increase of 125%. Together with the July 1 holiday, a total of 12 transactions were recorded, reducing the number of estates with no transactions from 7 to 3.
According to the statistics of Midland Realty, there were less than 700 first-hand transactions in June, which was disappointing, while second-hand transactions performed slightly better. The main reason was that second-hand owners were willing to make concessions, expand their bargaining chips, and last week's better weather led buyers to view flats, further boosting transactions. It is estimated that there will be about 1,000 first-hand transactions and stable double-digit second-hand transactions in July.
According to the statistics of Midland Realty, on the last Saturday and Sunday of the first half of the year (June 29th to June 30th), the ten major estates recorded about 12 transactions, a weekly increase of about 100%, and set a new weekend high of 13. Together with the July 1st commemoration weekend, the ten major estates recorded about 13 transactions. Calculated by 15 major estates, about 16 transactions were recorded on Saturday and Sunday, a weekly increase of 45.5%, and about 17 transactions were recorded in the three days. In addition, the volume of transactions in the top ten estates in June was about 142, a decrease of about 12.9% from May, but it remained stable overall. The volume of transactions in the top ten estates in the first half of the year was about 1,110, a significant increase of about 56% from the second half of last year.
Midland Realty's Executive Director of Residential Division, Bu Shaoming, said that there were no new large-scale projects launched last weekend, so the focus of the market returned to the secondary market. However, the new project on Hong Kong Island, Sheung Wan Summit, was selling well on the first day of July, reflecting that the demand for properties was still strong.