另外，由恒地(00012.HK)、中國海外(00688.HK)、新世界發展(00017.HK)、華懋集團、帝國集團及會德豐地產合作發展的啟德「天瀧」公布，今日(18日)起將會以招標形式發售15伙。Last weekend, there were no new developments launched in the region, with primary transactions mainly consisting of leftover units. The focus of the property market returned to the secondary market, where the statistics from Midland indicated that the trading of the top ten blue-chip estates in the region rose back to double digits; however, Centaline recorded only six transactions over the weekend, marking a new low in about four months.
Asia Standard (00129.HK) recorded three transactions over the weekend at its Hung Shui Kiu "City II" project. This includes a unit on the 2nd floor, A09, of Block 3 with a usable area of 503 square feet, transacting at 5.5741 million yuan, which gives a price per square foot of 11,082 yuan; a unit on the 8th floor, B02, of Block 1 with a usable area of 452 square feet, sold for 4.6899 million yuan with a price per square foot of 10,376 yuan; and a unit on the 11th floor, B01, of Block 1 with a usable area of 435 square feet, sold for 4.6041 million yuan at 10,584 yuan per square foot.
Wang On PPT (01243.HK) uploaded the third price list for its residential and commercial project "101 KINGS ROAD" on King's Road, North Point, over the weekend, re-launching 26 units, including 7 one-bedroom units and 19 two-bedroom units, with usable areas ranging from 244 to 434 square feet. The net selling prices range from 5.636 million to 10.384 million yuan, with effective prices per square foot from 22,514 to 24,326 yuan, reflecting a push at original prices.
Additionally, the Kai Tak "Sky Peak" project, developed in cooperation by Henderson Land (00012.HK), China Overseas (00688.HK), New World Dev (00017.HK), Wharf Holdings, Empire Group, and Hopewell Holdings, announces that starting today (18th), 15 units will be released for sale by tender.
In the secondary market, Centaline recorded six transactions in the top ten estates over the past weekend, a drop of 25% week-on-week, with seven estates reporting no transactions, marking a new low in about four months. Centaline's Asia Pacific vice chairman and residential division president, Chen Yongjie, indicated that with interest rate cuts, market sentiment is improving, and viewings are becoming more active. However, recent stock fluctuations in the usa and a drop in the Hang Seng Index below the 20,000 level are influencing some investors' market entry decisions. Furthermore, following the conclusion of the usa presidential election, some buyers are adopting a wait-and-see attitude regarding interest rate cuts, and the negotiation margins for some owners have slightly narrowed, impacting the pace of secondary market transactions.
According to Midland Realty's branch statistics, after the usa announced another interest rate cut, the top ten estates recorded 11 transactions over the weekend, an increase of about 22.2% week-on-week, with transactions returning to double digits, creating a three-week high. As for the 15 major estates, approximately 12 transactions were recorded over the two days of the weekend, remaining flat week-on-week.
Midland Realty’s residential department CEO, Bu Xiaoming, stated that with the release of bullish news following interest rate cuts and policy reports, purchasing power continues to be unleashed. Furthermore, rising rents and a return of the trend of selling at a premium over rent have accelerated buyers' market entry. As there were no new large sales released last weekend, and given the attractive asking prices from secondary market owners, there was a notable influx of buyers returning to the secondary market to search for prized units, driving an uptick in estate transactions week-on-week.
