vh002773 2012-10-22152989二星级
Market sentiment throughout the second quarter of 2005 was quiet following the increase in interest rates.
Interest rate movements affected the residential market more than others. A decrease in transactions was recorded in various estates, as were property prices, which decreased, on average, by up to 5%.
In the office sector, various developers purchased prime sites in East Kowloon, on which they are planning to develop commercial-retail complexes. This is expected to boost the supply of new grade-A offices in the district. Henderson Land completed premium negotiations for the site on Wai Yip Street, Kwun Tong, and Sino Land acquired the Wang Chiu Road site in Kowloon Bay through land auction. Market focus also shifted from the CBD to the secondary business districts, such as Wan Chai and Sheung Wan, a trend that is expected to continue throughout the rest of the year.
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