Second-hand property transactions expected to exceed 40 billion for 5 consecutive months

28Hse Editor  2021-07-19  #Transaction

The Hong Kong economy is gradually recovering, property prices are approaching historical highs again, buyers are confident in entering the market, and second-hand trading has been active for many months. Centaline Property statistics show that as of July 14, 2,241 second-hand private residential sales and purchase contracts were temporarily registered in July, with a total value of 20.94 billion yuan. It is estimated that about 5,000 registrations and 47 billion yuan will be registered for the entire month, and the amount will be as high as 400 for five consecutive months. It is the first time since July 1997 to see more than 100 million yuan. The number of cases has risen to 5,000 for five consecutive months, which is the first time since June 2011. reporter Zhou Xiaojing

Statistics show that as of July 14, the overall registration of purchase and sale contracts (including residential, parking spaces and industrial and commercial properties) temporarily recorded 4,407 and 41.65 billion yuan. It is expected to record about 9,400 and 90 billion yuan in the entire month, compared with 9,381 in June. It was similar to 92.56 billion yuan, up 0.2% and down 2.8% month-to-month respectively. Huang Liangsheng, senior co-director of Centaline's research department, pointed out that second-hand trading continued to be booming, coupled with the enthusiastic response from the new market, and the number of support cases rose to 9,000 for five consecutive months. This is the first time since the government introduced double stamp duty in February 2013.

Trading volume has risen to 5,000 for 5 consecutive months

During the month, 2,241 registrations of second-hand private residential sales contracts were temporarily recorded, with a total value of 20.94 billion yuan. It is predicted that about 5,000 registrations and 47 billion yuan will be registered in the whole month, which will be a slight drop of 4.0% and 4.5% respectively from 5,211 and 49.19 billion yuan in June. Although second-hand trading has softened, its value has risen to more than 40 billion yuan for five consecutive months. This is the first time since July 1997 in the 24 years since July 1997. The number of transactions has risen to the level of 5,000 for five consecutive months, which is the last tenth of June 2011. See you for the first time in years.

On the first hand, 913 first-hand private residential sale and purchase contracts were temporarily registered during the month, with a total value of 13.25 billion yuan. It is expected that there will be about 1,600 cases and 24 billion yuan in the whole month, which will be 17.1% and 19.8% lower than the 1,929 cases and 29.91 billion yuan in June. In early July, the large-scale new market in Kai Tak, Victoria Harbour 1 was hot, and registration is expected to begin at the end of this month. It is expected that the number of first-hand registrations will stabilize at over 1,000 for six consecutive months.

Top ten housing estates sold in double digits over the weekend

On the other hand, in the past weekend (July 17 and 18), the new market lacked focus, and the second-hand bamboo market remained active. Based on the data of the four major agents, the top ten second-hand indicator blue-chip housing estates received 12 to 17 transactions in the past two days, which dropped to varying degrees from the previous Saturday and Sunday, but all still maintained double-digit transactions.

In the past Saturday and Sunday, no new properties were launched, and the number of second-hand property inspections increased significantly. Wong Shao-ming, Regional Manager of Midland Tseung Kwan O Metro City Branch, revealed that about 7 transactions were recorded during the weekend in Tseung Kwan O Metro City, which was very active. Although property prices have risen by nearly 10% year-to-date, the property owners’ bidding attitudes have recently become stronger, but they are still relatively low. One of the most recent railway projects, so many buyers are willing to chase prices into the market. More than 25 transactions have been temporarily recorded this month. In the past Saturday and Sunday, the top ten of the bank recorded a total of about 17 transactions, maintaining double digits for 22 weeks.

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