Simple public housing｜K. Wah Wen Weiming: It is beneficial to the overall development of Kai Tak and the property market may rebound in the middle of the year

The Federal Reserve announced a 0.25% interest rate hike. K. Wah International’s sales and market planning director Wen Weiming said that he believes that the market has digested the rate hike expectations, and the pace of interest rate hikes is expected to slow down after that, and the rate may be reversed in the middle of the year.

And when the US interest rate policy stabilizes, the economy is expected to be positive.

The customs clearance between China and Hong Kong is conducive to improving economic activities and the property market. It is expected that there will be a rebound in the middle of the year.

Regarding the government’s announcement of the location of simple public housing in Kai Tak, Wen Weiming said that he believes that the measures are temporary measures, but they will benefit the overall development of the Kai Tak area, bring support for commercial facilities, and speed up the development of transportation and logistics; Kai Tak Bay 1, which is jointly developed overseas, provides a total of 2,138 units, which is relatively large in scale. He will pay close attention to market conditions and make dynamic arrangements for sales. The first phase will be launched in February at the earliest, accounting for 60% of two-bedroom households.

▼January 30 Simplified public housing Kai Tak Kai Tak site selection▼

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China Overseas Travel Great Light: Property Market Turns Active

You Weiguang, managing director of China Overseas Properties, said that the overall property market has become more active in recent days. Kai Tak is located in the city center and has complete supporting facilities. The Kai Tak Runway leisure area also has dining, retail and leisure facilities, creating a brand new Living by the sea.

He pointed out that Kai Tak Bay 1 will create a large-scale urban garden with four seasons flowers for residents. The greening ratio of the project will exceed 30%. Residents’ clubs will also provide diversified and brand-new facilities, which is believed to be highly sought after by buyers.

Regarding the government's announcement of the location of simple public housing in Kai Tak, Wen Weiming said that he believes that the measures are temporary measures, but they will benefit the overall development of the Kai Tak area and bring support for commercial facilities.

(Photo by Gu Huiyu)

Wheelock: The supporting facilities in the Kai Tak area are becoming more and more mature

Wheelock Properties Assistant General Manager (Project Design and Marketing) Pan Hongwen pointed out that the overall property market atmosphere is positive during the Lunar New Year period, and the Year of the Rabbit is expected to bring prosperity to the market. It is expected that many new projects will be launched one after another this year.

He pointed out that the supporting facilities in the Kai Tak area are becoming more and more mature. The new D3 road (metropolitan park section) has also been opened in recent months, and the transportation facilities have been fully upgraded.

Among them, Kai Tak Bay is surrounded by the sea on three sides, and even sits on the vast greenery that is hard to find in the downtown area.

It is believed that Kai Tak Bay 1 will become the focus of the market when it is launched.

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