Recently, 176 times the subscription of a real estate in Hong Kong, China, has attracted market attention. It is reported that the number of subscribers for the property is about 35000, which has set a record since 1997. Up to now, the number of subscribers to the property has been three times new history.
It is worth noting that the background of the hot property market is the rise of the whole Hong Kong property market in China. The Central Plains real estate data show that since March this year, the volume of residential market in Hong Kong in China has remained at a high level of 7000 per month. It is expected that the volume of residential transactions in Hong Kong in China will increase to 39840 in the first half of this year, which is the highest level since 2012. In addition, CCL, the leading index of Central Plains city, which reflects the price of second-hand buildings, rose to 186.58 this week (June 7-june 13), only 1% from the record high of 188.94 in 2019.
176 times subscription
Recently, media reports said that the third round of push sale of the project “baiaozhuang III”, a project jointly developed by the new world development and the Hong Kong Railway of Hong Kong’s old-fashioned real estate enterprises, received about 35000 letters of intent for building purchase. Because the number of the property launched this time is 173, the number of subscribers for the property is 176 times that of the source of the house, breaking the record of Hong Kong, China’s Hong Kong new market receiving 34000 letters of intent in 1997, becoming the “king of new market tickets in history”.
It is reported that baiaozhuang is located near Dawei metro station in Shatian District, new territories. The project has 7 residential buildings, 3090 houses, which are divided into three phases, with a total of 2000 in phase I and phase II. It is worth noting that Bai aozhuang has broken the “new ticket King record” three times since October last year.
The third batch of houses sold in the third phase of baiaozhuang are sold recently. 173 houses are jointly sold. The practical area is 285 to 1022 square feet. The house type covers one room to four rooms, with a total price of HK $7.37 million to HK $28979000, which is equivalent to HK $18760 to HK $29037, and the overall average foot price of the project is about HK $24858 (about 186500 yuan / m2).
According to the data of Zhongyuan Real estate, as of June 20, 169 of the 173 houses had been sold, and the developers had realized nearly 2.7 billion yuan; In the third phase, baiaozhuang sold 835 houses, with a cash of over 12.2 billion yuan; Baiaozhuang phase I, II and III have sold 2938 houses in total, accounting for 90% of the total project, with a cash of nearly RMB 36billion.
According to statistics, the proportion of self-use of the project is about 60% and the rest 4 become investors, said Bu Shaoming, executive director of the property and Housing Department of the United States. Some of the guests failed to win the first two rounds of the contract, and the third round continued to subscribe. This time, there were several groups of large customers to subscribe. One group of buyers paid more than 42million (HK dollars), bought two three rooms, and the other group bought one four room and one household and two rooms with nearly 42million yuan (RMB).
For the profitability of the property, the reporter of the Chinese times sent an interview outline to the development of the new world for developers, and as of the issue, no reply was received.
On the one hand, the project has the advantages of subway transportation, and now there are few new Metro shopping in Hong Kong, China, and the rare items are rare, which naturally attracts the public to compete for the purchase; On the other hand, the developer new world develops its own ingenuity in the design of the baiaozhuang project, and introduces the intelligent indoor patent equipment developed by the developer, striving to meet the needs of buyers with high requirements for the quality of life. Zheng also said the hot subscription also reflects the strong demand for such new demand projects, which is less than demand.
Because of the small area of land available for development, the housing supply in Hong Kong is short of demand and the price of housing is expensive has become a serious social problem. According to Xinhua news agency, when Lin zhengyuee, chief executive of Hong Kong SAR of China issued a policy address on November 25, 2020, said that the SAR government had found 330 hectares of land, which could meet the needs of some 300000 public housing units from 2021 to 2031. At the same time, the double ad valorem stamp tax on non residential property will be revoked, so that the owners in need will be immediately benefited.
The real estate market in Hong Kong, China
In addition to the new world development and development of the Bo aozhuang project, other property sales are also hot. It is reported that a project in Hong Kong, China, launched 55 houses for the first time on June 19, with the price range of 4.998 million to 9.462 million yuan, which was sold out on the day of the opening sale, with a total turnover of 360million yuan.
In fact, the above two real estate hot background is the overall warming of Hong Kong real estate market in China. Zheng told the Chinese times that due to the ease of the epidemic and steady economic recovery, residential volume in Hong Kong is hot in the second quarter of this year, and the volume of sales in the first half of this year is expected to hit a new high in 9 years, and the property price is expected to return to its peak before June 2019 in the third quarter.
Since this year, the economy of Hong Kong has begun to pick up, with GDP increasing by 7.9% in the first quarter of 2021, ending the previous six consecutive months of GDP decline. In addition, the employment market in Hong Kong has improved, unemployment rate has further declined, along with the gradual control of the epidemic, the vaccination rate gradually rising, and the economy begins to recover, which will lead to a warm atmosphere in the real estate market.