Foreign corporate customers reduce rents in the southern part of the Peak or drop by 20%

Hong Kong Wenhui News (Reporter Yan Lunle) As the new coronary pneumonia epidemic entered the third wave of outbreaks, the trend of luxury homes has been tested. He Zhaotang, senior business director of Centaline Real Estate, said bluntly yesterday that the business environment deteriorated in the second half of the year, and some multinational companies considered withdrawing from Hong Kong. Serious or even bankruptcy, the company's tenants will decrease. 20%, the rent is reduced by 15% to 20%. However, due to the wide volume of countries and the continued low interest rate environment, it is expected that the second-hand prices will only fluctuate between 5% and 8% in the second half of the year.

He Zhaotang said that the epidemic in the first half of the year affected the number of buyers, and the owners refused to let the buyers look at the property. The Peak South District recorded only 77 second-hand luxury home transactions during the period, an increase of 2.7% from the number of transactions in the first half of 2019. There are 59 units on the first floor, 17 houses on the west, and 1 house on the land. The total transaction value was 7.66 billion yuan, a decrease of 33.1%. However, the number and amount of leases in the region rose in the second quarter. The former rose by 9.5% to 115 from the previous quarter, and the latter also rose by 33.1% to 16.76 million yuan, with an average rent of 52 HKD per square foot.

Quantum attracts market prices

In terms of property trading, He Zhaotang believes that the liberalization of various countries will attract luxury home users and investors to enter the market. After the implementation of the National Security Law in Hong Kong, the number of luxury residential properties will increase, and the proportion of land premiums will increase slightly. Among them, developers have postponed the vacancy tax, and most of them postpone the timetable for the launch of super luxury properties, or mainly launch small and medium-sized units first. It is expected that the first-hand trading volume in South Peak District will increase by 20% to 30% in the second half of the year. Not big. In order to increase its attractiveness, the development of commercial materials has introduced preferential payment such as pay-as-you-go and long transaction period to attract customers.

As for the secondary market's accumulated purchasing power for half a year, trading volume in the second half is expected to increase by 30% to 40%, and property prices will fluctuate by 5% to 8%.