Li Ka-shing shot intensively, what did he smell?
Li Ka-shing frequently "sells properties at discounts", which has aroused market attention and heated discussion. At the latest shareholders' meeting, Victor Li, Chairman and Managing Director of Cheung Kong Industrial Group, responded that "the pricing of real estate cannot be generalized." Pricing is determined in the light of the different conditions of each property, including its location, traffic, surrounding environment and the market environment at that time. "
Recently, three new housing projects launched by Cheung Kong Industrial Group in Hong Kong have all been sold at a discount, with a price reduction of between 23% and 32%. Changshi has said to the outside world that the new order is sold at a discount in order to attract people who want to buy property locally to take advantage of the opportunity to enter the market.
Analysts pointed out that since the "hot" of the Hong Kong property market this year, the Hong Kong real estate market has rebounded rapidly, and developers represented by Changshi seem to be seizing the opportunity to clean up inventory. It is worth noting that the heat of the property market in Hong Kong has declined since May. On May 25th, the Hong Kong Business Daily reported that the leading index of Central Plains cities, which reflects the performance of Hong Kong's second-hand property market, was last reported at 144points, down 1% a week.Lincolnarcade.43%, a nine-week low.
Li Ka-shing did it.
Cheung Kong Industrial Group, founded by Li Ka-shing, frequently "sells properties at discounts", which attracts market attention.
At the latest shareholders' meeting, Victor Li, Chairman and Managing Director of Cheung Kong Industrial Group, responded that "the pricing of real estate cannot be generalized." Pricing is determined in the light of the different conditions of each property, including its location, traffic, surrounding environment and the market environment at that time. "
Victor Li said that there has always been a rigid demand for Hong Kong's local property market, and its long-term development is still supported. after the "hot", the Hong Kong property market will continue to be dominated by housing policies and interest rates. But...LincolnarcadeHe also admitted that at present, land prices and construction costs for real estate projects are high, and interest rates have remained high, so "it is not easy to get double-digit annual returns from the real estate business today."
Victor Li is as optimistic as ever about the Hong Kong economy. When asked about the future investment direction, he replied that as long as there are quality assets with ideal returns, they will be considered in Hong Kong, the mainland or other places. at the same time, as Hong Kong is an international financial centre, more and more international enterprises and international family offices will strengthen Hong Kong's position as an international financial centre. Hong Kong's economic strength will also be better, which will be conducive to the long-term development of Hong Kong.
In late May this year, "# LYOS", a residential project owned by Changshi in the northwest New Territories of Hong Kong, was put on sale. These include 14 flats in flatted buildings and 14 duplex households in gardens.
In terms of price, flats in multi-storey buildings will be sold at a discount of up to about 25% compared with the IPO price, while garden duplex households will have a discount of up to about 32%.
Since the "hot" of the Hong Kong property market this year, the Hong Kong real estate market has rebounded rapidly, and developers have also seized the opportunity to clean up inventory. The properties under the Changshi Group are "sold out".
In April this year, 422 units were sold in the first round of Blue Coast3B on the south bank of Hong Kong Island at Wong Chuk Hang Station, which is a cooperation between Changshi Group and MTRCL. 406 units were sold in the first round, accounting for 96%, making it the new order with the largest number of houses sold in one day after the "hot" opening in Hong Kong. At the same time, the average transaction price of units sold in the first round of Blue Coast was about HK $18.3 million, cashing out nearly HK $7.5 billion, the highest daily cash amount in a new session since April 2013.
In another development of Changshi Group, the "Mingri Jiumaoshan El Futuro" project, located in the traditional luxury lot in Mid-levels, Sha Tin, has sold 194 units as of April 21, with a cash flow of more than HK $2.9 billion.
In terms of price, the above two properties are sold at a "discount". Among them, the average price of Blue Coast3B on the south shore of Hong Kong Island is HK $21900 / sq.