No Data
Chuang's China (00298.HK) top floor with rooftop feature unit in The Cullinan, Ap Lei Chau, sold for 7.34 million yuan, setting a new record for the project.
Chuang's China (00298.HK) announced that its Yau Tong boutique residence project 'ARUNA Soho' recorded a transaction today (11th) for a special unit with a top floor connected to a rooftop. The unit sold was Unit D on the 28th floor, with a practical area of 273 square feet, featuring a one-bedroom suite with a 151 square foot rooftop. The fill price is approximately 7.34 million yuan, with a price per square foot of about 26,900 yuan, both setting new highs for the project.
Standard & Poor's expects that Hong Kong property prices will stabilize next year, raising the sales volume forecast for new projects to 0.02 million units.
Rating agency Standard & Poor's released a report stating that after a nearly 30% decline in high Hong Kong property prices in 2021, they are expected to stabilize next year. However, local developers are still struggling, mainly due to high inventory, and the recognition of residential projects purchased during the period of high land prices will further pressure profit margins. Nevertheless, Standard & Poor's believes that with the government relaxing housing market measures and interest rates trending downwards, they have revised their forecast for next year's new home sales volume to 0.02 million units. In addition, Standard & Poor's expects that the future three to four years' new supply may exceed 80% of the government's ten-year private residential supply target.
Chuang's China Projects Financial Loss Amid Market Volatility
CHUANG'S CHINA: ESTIMATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
CHUANG'S CHINA: 2023/2024 ANNUAL REPORT
No Data
No Data