New houses up for sale

[Poppet]

Well it looks like the chaos has begun, Loads of agents etc yesterday and they are setting up again for today. Not looking forward to running the gauntlet every time i go outside.

Anyone have an idea of the prices?

[prisms]

Yesterday's Standard said the avg price going to be around 8000 per sft with some houses going upto 10000 per sft. So it comes to between 28m to 30M for a house.

This might bring CC prices up.

[garyhk]

Could never imagine paying so much for a house with views of CC2...

[ilovecc]

the kicker...

The marketing manager quoted in the Standard described the new development as "seaside houses"...uh really???

Perhaps conveniently forgot to mention the almost 1km between those houses and the water. Oh and also the potential highrise government flats which will have a better seaview then those houses.

[Poppet]

No if i had that much money to spend on a propert it wouldn't be in TC.

Is the public housing still going ahead?

[garyhk]

Yeah, I think the next new build is between the petrol station and the sea - 4 mid-height towers I think (approx 38 floors..)??  Starts this year I believe.

[Chejai]

Yes, the public housing is starting to build this year in the far east corner.  Lest not forget the enormous island being constructed to the east of the airport right in front of CC for the boundary crossing facility as well as the fact that reclamation will start up again in the near future for more land for public housing.  See here for one of the recent plans:  http://www.epd.gov.hk/eia/register/report/eiareport/eia_1732009/pdf/Section%201%20(Introduction)/Figure%201.4.pdf

Don't imagine the estate agents are handing out this map with their new housing brochures!

[CCCL]

Don't imagine the estate agents are handing out this map with their new housing brochures!

Doesn't matter. To hear some people on here, everything - public housing right in front, boundary crossing facility <1km away with hundreds or thousands of idling trucks, proposal for 'contaminated mud disposal facilities' a similar distance away etc etc etc - is good for CC property prices

[DrBubb]

If they sell well at HK$8,000- 10,000,

It is bound to help lift some more CC flats to above $4,000 psf.

We sold a flat over that level in TC, so it is possible

[peregrin]

Apart from talking up the market, why exactly, and what is the connection, between the shoe boxes and a rise in CC prices. Do you have a chart?

[DrBubb]

Apart from talking up the market, why exactly, and what is the connection, between the shoe boxes and a rise in CC prices. Do you have a chart?

Partly because of the recent cold weather (& people from outside TC not wanting to make the trek, when cold),
&
Partly because to the big push made at Yoho Town, and other new projects

...Prices in CC have lagged behind the Mass Market Index, and now are about $150 psf, that's $150,000 per B or G flat, below their usual relationship to that index.

With people poking around in the new houses, some may look up and ask, "How much are those flats up there?"
They will discover CC is a bargain.

[garyhk]

Hopefully that's well placed optimism based on blinding logic.

I am guessing but it seems that most of the visitors to date all look like property agents...  Mind you, someone told me that they have already sold several units.  Yeah, right! [sarcasm]

[peregrin]

Doktor---you really should get yourself a job at an investment bank with logic like that. Let us hope the new public housing estate gives a similar kick to psf prices of which, I'm afraid, will always lag the broader market. That is until the mindset that TC is located in the far corner of Guangdong province dissipates and the ability to drive directly to Zhuhai emerges. Further, the minority of us who feel disinclined to buy into a rigged market would prefer to avoid this forum being turned into a boiler room for your property investments, and very much enjoy the logic of the lagging price.

[giantsean]

Don't imagine the estate agents are handing out this map with their new housing brochures!

Doesn't matter. To hear some people on here, everything - public housing right in front, boundary crossing facility <1km away with hundreds or thousands of idling trucks, proposal for 'contaminated mud disposal facilities' a similar distance away etc etc etc - is good for CC property prices

Tseung Kwan O is next to a huge landfill, and seems to be doing ok.  Still you have to wonder who the hell approved the plans for all this shit IN THE SAME PLACE.

[DrBubb]

Doktor---you really should get yourself a job at an investment bank with logic like that. Let us hope the new public housing estate gives a similar kick to psf prices of which, I'm afraid, will always lag the broader market. That is until the mindset that TC is located in the far corner of Guangdong province dissipates and the ability to drive directly to Zhuhai emerges. Further, the minority of us who feel disinclined to buy into a rigged market would prefer to avoid this forum being turned into a boiler room for your property investments, and very much enjoy the logic of the lagging price.

How much experience do you have investing in property?
Look at the big thread, and you can see the accuracy of my comments on HK property.

You are wrong to say that TC "will always lag the market."  
History has shown that it has mostly move with it:


(Red above is Caribbean Coast - the chart has not been updated)

If you want to see laggard markets, then look at Tuen Mun, or Gold Coast.  
They have behaved differently than TC.