2020年9月28日星期一
 
專家論市
Martin Hennecke

Covid-19 spike fails to dent property market
 
13/07/2020
 
<p>Hong Kong&#39;s homebuyers seem to have shrugged off worries over the Covid-19 resurgence, as Wheelock Properties sold 85 out of 165 flats on offer at Koko Hills&nbsp;in Cha Kwo Ling on Saturday, and secondary market transactions at ten major housing estates also surged 40 percent week-on-week over the weekend.</p><p>But Wheelock will moderate its launch of new flats in the near term, due to the pandemic, said managing director Ricky Wong Kwong-yiu.</p><p>Meanwhile, CK Asset (1113) sold 97 out of its 285 flats offered at Sea To Sky in Tseung Kwan O on Saturday.</p><p>In Yuen Long, Road King Infrastructure (1098) sold eight units at Crescent Green last week.</p><p>Separately, Hanison Construction (0896) has collected HK$18 million after selling 11 out of 18 car-parking spaces on offer at West Park in Sham Shui Po.</p><p>In the commercial market, real estate investor Francis Law Sau-fai purchased a street shop at Peony House from Bridgeway Prime Shop Fund Management for HK$14.8 million, after slashing HK$4 million from the asking price.</p><p>Bridgeway made a gain of HK$2.8 million on paper as it purchased the premise for HK$12 million in May last year. The rental yield would be 2.48 percent for Law as the shop, with a gross floor area of 350 square feet, is currently leased by a fried chicken restaurant for HK$30,666 per month.</p><p>In the secondary market, Centaline Property Agency recorded 14 secondary transactions at ten blue-chip housing estates, up by 40 percent week-on-week.</p><p>In Quarry Bay, a 593-sq-ft flat at Taikoo Shing changed hands for HK$13.35 million, or HK$22,513 per sq ft, after HK$1.65 million was slashed from the initial asking price.</p><p>Another 759-sq-ft flat at the estate fetched HK$17.18 million, or HK$22,635 per sq ft, after HK$1.62 million was cut from the first asking price.</p><p>In Tin Shui Wai, a 540-sq-ft flat at Kingswood Villas sold for HK$5.55 million, or HK$10,278 per sq ft.</p><p>In Ma On Shan, a two-bedroom flat at Lake Silver changed hands for HK$8 million, or HK$14,519 per sq ft, after HK$950,000 was cut from the initial asking price.</p>

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