Li Ka-shing is expected to cash in HK$13.5 billion this month as he accelerates the sale of his property

China Paint Network
News: Since the 80's small couple by speculation in Hong Kong stocks two days to earn enough down payment story widely spread, more and more Hong Kong people also began to take advantage of the high level of Hong Kong stocks to cash in stock assets, into the "real" property market, Hong Kong developers also smelled the smell of money, decided to make a big profit in the bull market.
Li Ka-shing's Changjiang Industrial ("Changshi") Sunrise Kangcheng Phase III "To the Blue Sky" after two consecutive weeks of sold out, announced the launch of the property's last batch of 510 units, plus 1,138 units sold in the past two weeks, "To the Blue Sky" is expected to be developed in the project within this month all 1648 units sold out, is expected to cash out a total of HK$13.5 billion.
"To the Blue Sky" sold out in January
Huang Si-chung, director of Changshi Real Estate Investment, said at a press conference on the afternoon of April 14th that the latest sales arrangements for Blue Sky would be announced as soon as possible, and that the recent sharp rise in the stock market had brought about a significant wealth effect, with buyers buying Capacity suddenly increased, there are many buyers in this round of sales arrangements to re-register, originally intended to buy three-bedroom units of prospective buyers, suddenly changed the intention to four-bedroom units, and market participants expect that if the 510 units sold out, the long-term real cash can be about HK$5 billion.
Fact, after the first round of 740 units sold out in one day, Changshi did not announce plans to sell out the property, only on Saturday added 398 new listings.
" long style is how much to sell. "United Property and Residential Chief Executive Officer Bu Shaoming told first financial (Weibo) Daily. As the property sold out quickly within hours of its launch on April 4th and April 11th, and buyers who had not previously pulled out would once again apply to buy, Mr Bu thought the "blue sky" sale would be ideal.
"To the Blue Sky" is Changshi's main sales item this year, if sold out this month, you can complete Changshi's sales target for this year 45%, while Changshi set at the beginning of this year's sales target of HK$30 billion, down 25% from HK$40 billion in 2014. In addition to "to the blue sky", Changshi this year in Hong Kong, Singapore, Shanghai, Beijing, there are sporadic properties need to be sold to achieve sales targets.
D developers increase prices to push up real estate
the stock market to create wealth, Hong Kong has now entered the era of everyone to become a house slave, in addition to the "blue sky" sales hot, other Hong Kong real estate developers are also aiming for the opportunity to prepare in this bull market.
"PeninsulaEast", owned by Defeng (00020.HK), another Hong Kong real estate chamber, is preparing to open, and the company has already offered 256 units, all with varying degrees of price increases. Huang Guangyao, managing director of Defeng Real Estate, said that the latest 106 units introduced on the evening of April 13 had a price increase of about 1.5% to 2.5%, of which the most expensive units in the whole project were a family with a ceiling feature, with a discounted price of HK$12.54 million.
Bu Shaoming said that the consumer reaction was very hot, oversubscribed nearly 15 times, so that developers have the bottom gas to increase prices, but the price increase is so small, indicating that developers are very eager to sell as soon as possible.
, the project has received 3,500 applications, which close on 15 April, and are expected to eventually receive more than 4,000 applications. At the same time, the project will be sold in two days, of which 150 units will be sold on Thursday and 106 units will be sold on Friday, with a market value of HK$2,347 million.
,00012.HK is also expected to go on sale this month, with the first 30 units expected to be launched.
Bu Shaoming said that as the HKMA tightened the proportion of mortgage loans, the maximum number of home loans under HK$7 million can only be 60%, curbing consumers' desire to buy second-hand property, but because the impact of "spicy tricks" on first-hand properties is smaller, so purchasing power all poured into the first-hand market, coupled with Hong Kong developers' low-cost property sales strategy, more attracted many consumers.
At the time of the purchasing power explosion, developers were also more active, said Liu Jiahui, chief property analyst at United Properties, according to the latest data from the bank's Integrated Lands Administration, which showed that there were nine new residential projects, involving 4,476 units, in the first quarter of this year, more than double the 2,213 in the fourth quarter of last year and a 2.86-fold year-on-year increase, the highest level since 2004.