Guo Ziwei, director of Changshi real estate investment, said that the sales situation of new properties in Hong Kong in recent months was ideal, which reflected that there was great demand in the market, and the increase of potential supply had little impact on property prices.
The latest data of the Hongkong transport and Housing Bureau showed that the total number of private residential units sold in Hongkong at the end of last year, which was not sold, was 69 thousand, which was the largest in third quarter of 2004 and 15 thousand or 27.8% by season.
In the future, the market acceptance of new sites will be significantly different depending on the location, developer brand and project scale…
The developer completed the second round of premium last year, which increased the number of units that can be built on the site from about 4900 to about 9700.
As for the number of units that have been granted land but have not started construction, it has plummeted by 11000, or 37.9%, from 29000 at the end of September last year to 18000 at the end of September last year, returning to the level at the end of September 2018 (i.e.
In response to the letter’s inquiry, a spokesman for the Housing Authority said that the authority expected that nine residential sites could be converted into mature land and about 6400 could be provided in the next few months.
The potential supply consists of three data items: the tail of completed residential buildings (the tail of existing buildings), uncompleted flats for sale and units that can start construction at any time on approved land (i.e.
Drive the potential supply of primary private housing (hereinafter referred to as the potential supply) to 98000 in the next three to four years, the highest since the current SAR government took office in July 2017, in line with the record high of 98000 recorded at the end of June 2017.
Sai Sha Road and Kai Tak units account for the majority.
There were 14100 private residential units under construction in the fourth quarter of last year, a sharp increase of 19.1 times compared with 700 in the third quarter, the highest number of units under construction since 2004.
In 2021, the novel coronavirus pneumonia epidemic eased slightly, and the developers accelerated the deployment of new sales.
The latest results were released on Friday (28).
Mai cuicai, an associate professor in the Department of Finance and decision making at Baptist University, believes that the rise in potential supply has a stabilizing effect on the overall market, but the developer Association adjusts the progress of housing construction according to the market conditions, and it is estimated that the impact on the overall property market is limited.
Some projects, such as the development plan of 14 townships, are actually “reduced” encryption (degree), and there are not really new sites, Therefore, the sharp increase in potential supply is only a “flash in the pan”.
mature land).
Among them, area 4A site 2, which is developed in Kowloon warehouse (00004), is relatively large.
He reiterated that with the government’s continuous and orderly increase of housing land supply, he believed that the potential supply in the next three to four years could be maintained at a high level.
Among the 10 sites, 7 are located in the old runway area, involving about 7900 or 83.2%.
According to the data of the lands department and the buildings department, the project with the largest potential supply in Hong Kong belongs to the large-scale development project of Sai Sha Road, Sai Kung, San Di (00016).
It is planned to build a total of 2062 in four phases, and the application for pre-sale of uncompleted flats is pending the approval of the lands department.
The potential supply of 98000 is estimated by the Housing Bureau on a quarterly basis.
By the end of last year, it was estimated that the potential supply in the next three to four years was 98000, a quarterly increase of 4000 or 4.3% over 94000 by the end of September last year, back to the record high of 98000 at the end of June 2017.
Among them, the latest number of uncompleted flats for sale was 69000, accounting for about 70.4% of the total potential supply, a significant increase of 15000 compared with 54000 at the end of September last year, And exceeded the record of 67000 units recorded at the end of June 2018.
At present, at least 10 sites in Kai Tak Development Area in Kowloon East, which has been closely auctioned by the lands department in recent years, have started construction, providing more than 9500.
With regard to the potential supply volume reaching a new high of the current government, ye Wenqi, director of land and Housing Research of the United Hong Kong fund, pointed out that judging from past experience, the actual completion volume is often a distance from the potential supply of the Bureau, and he believes that the reference value is general.
Both the number and proportion of units have reached a record high.
Among the latest 98000 potential supply, about 85000 are small and medium-sized units with a usable area of less than 753 square feet, accounting for about 86.7% of the overall supply.
Some of them have been approved with pre-sale consents and can be pre sold at any time.
Yang congyong, marketing planning director of Zhongzhou real estate, said that the supply of uncompleted flats for sale could not be realized in a short time and would not thin the source of new customers.
before 13 quarters); At present, there are about 11000 cargo tails in two consecutive quarters.
