Owners foresee movement at The Floridian - Asking Prices at Heng Fa Chuen Harden

Mr. Simon Chan, Supervisor at Centaline's Heng Fa Chuen branch, indicated that the opening sales at The Floridian constituted a considerable impact on the secondary market in Heng Fa Chuen. At present a see-saw struggle took place between buyers and s

He continued that the property in question was a low-level unit 7 in block 6, with an area of 556 sq. ft. An investor bought it in mid-June for $4.25 million and sold out at $4.05 million in July. It was believed that counting in various expenses, th

Mr. Chan pointed out that although the opening prices at The Floridian were lower than expected - around $10,000 to $11,000 per sq. ft., those were nevertheless quite a distance from the secondary pricing at Heng Fa Chuen. As a result some owners that

He believed that The Floridian would exert a mild influence on Heng Fa Chuen, and individual buyers would continue to gauge whether the Government would introduce special measures to restrain housing prices. Nevertheless since market demand was still

July 30, 1997