Wheelock: In the second quarter, Lantian Qianfa Road project is expected to have a slight increase in property prices throughout the year

Real estate market

Written by: Xu Shihao

2020-05-11 17:24

The "new crown pneumonia" epidemic in Hong Kong has slowed down, and developers have launched new disks one after another. Wheelock Real Estate's managing director Huang Guangyao, after attending an event, expected that there will be a number of new launches from May to June, which can boost the atmosphere in the property market. The pre-sale consent for pre-sales pending approval will be introduced online services.

He estimated that there was a 3 to 4% decline in property prices during the epidemic, and it would rebound by 7 to 8% after bottoming out. It is expected that there will be a slight increase throughout the year. It also pointed out that the six properties in Tseung Kwan O have sold well. So far, 4,030 units have been sold, and 36 billion yuan have been cashed out. At present, the remaining 300 units are for sale, which will be increased in the short term. With the exception of Tseung Kwan O, there are about 100 other end-of-stocks, and there are no plans to resell them for rent.

Huang Guangyao estimates that property prices will rebound by 7 to 8% after bottoming out, with a slight increase throughout the year. (Provided by Zhongyuan)

There are voices in the market that the government should relax the "spicy tricks" in the property market. Huang Guangyao pointed out that the spicy tax has not caused a sharp drop in property prices, which has a stabilizing effect on the property market. As for Goldin Financial's sale of Lot 4 in Kai Tak District 4B for 7.04 billion yuan, Huang Guangyao believes that the transaction price is the market price and that the market should not be too pessimistic.

Chung Yuan pushes "Chung Yuan VR Watch Tower GUIDE"

In addition, Zhongyuan announced the launch of "Central Plains VR View GUIDE". Agents and buyers can browse the same unit in real time and ask questions to the agent in real time. In addition, buyers can also demonstrate the unit through the platform to facilitate overseas buyers. Chen Yongjie, vice chairman of Centaline Property Asia Pacific and president of the residential division, pointed out that within this year the bank will invest 100 million yuan to develop information technology and big data.

New market conditions Zhongyuan Real Estate Wheelock Huang Guangyao