7 sets of the last bus in December, 1,700 units should be cleared by the market agent

28Hse Editor  2021-12-01  #Transaction

The property market rebounded at the end of the year, reaching the level of 7,000 transactions. Entering the last month of 2021, the property market in December is expected to continue to be booming. Developers are still actively launching. It is estimated that as many as 7 new properties are ready to be launched. ) The largest scale, followed by Kowloon Bay Brighton (294 units), West Mid-levels CAINE HILL (187 units), Sheung Wan ONE CENTRAL PLACE (121 units), Kowloon Long Kau Road Tiwai (64 units), Kwu Tung South China Phase 1 (5 units) and Kowloon Tong Lishu (4 units), providing a total of about 1,705 units. reporter Yan Lunle

The second-hand trading performance was not as good as the first-hand, but it remained stable in November. According to the Midland Comprehensive Land Registry, the number of second-hand residential registrations on the first 29th of November was 3,635, which is approaching 3,656 for the entire month of October. The bank believes that the monthly transaction volume can climb to about 3,800, surpassing the total in October, and the number of registrations will stop falling and rebound after a three-month decline. Due to the lagging data, the above-mentioned second-hand transactions mainly reflect the market conditions in October. However, the performance of second-hand housing estates in November was actually even worse. Liu Jiahui, chief analyst of Midland Realty, pointed out that based on the information of the bank’s branches, 35 large housing estates in Hong Kong A total of 253 transactions were recorded in 4 weeks (November 1 to November 28), an increase of approximately 14% month-to-month. Based on this calculation, the second-hand residential transactions in Hong Kong are expected to return to the level of more than 4,000, which is expected to be reflected in the registration data in December.

Bu Shaoming: Buyers' second-hand market treasure hunt

Bu Shaoming, Chief Executive Officer of Midland Realty's Residential Department, said that as the end of the year is approaching, a number of new properties have appeared one after another. Although they have absorbed a large amount of purchasing power, some buyers are still "treasure hunting" in the second-hand market. In addition, the general owner's attitude towards asking prices has not been tough. , Drove second-hand trading to rebound in the past month. Moreover, the market is also looking forward to further customs clearance between the Mainland and Hong Kong in the future, which is expected to bring positive stimulus to the local economy and property market, so many buyers speed up the pace of entering the market before the end of the year.

Based on the information of various agency banks and the Land Registry, it is roughly predicted that the overall transaction volume of the property market in November will reach the level of more than 7,000, an increase of approximately 12.5% on a month-to-month basis. Among them, the first-hand transaction volume is expected to be 1,800, which is expected to rise by 40% on a monthly basis. Become the "main force" of the rebound in this transaction. In view of the time it takes for the sale and purchase agreement to be submitted to the Land Registry, monthly registration cases generally mainly reflect the market conditions of the previous month, and the rebound in trading began in October. Looking forward to December, the market is expected to continue to drive transactions in the property market. It is expected that more than 1,700 units of 7 new properties will be launched in the whole month. The YOHO Hub Phase B of the SHKP Yuen Long Station project is the most eye-catching, providing 1,030 units, which will become the focus of the market.

Looking back at the active trading volume in the property market this year, the overall monthly trading volume from February to September ranged from 7,400 to 9,957. However, as the market waits and sees the October Policy PaperThe report policy, coupled with the market once circulated that there will be new property market control measures, and the market has not been able to absorb the soaring property prices, so that the October transaction suddenly plummeted to about 6,250. However, the property market returned to an upward track after the negative news. It has clearly recovered in the past November. Based on the forecasts of Centaline and Midland, the overall transaction volume is expected to rise to more than 7,000 transactions in the whole month.

One-hand transaction in November or 1,800

It is worth noting that residential transactions in November were driven by first-hand real estate. Liu Jiahui, chief analyst of Midland Realty, pointed out that on the first 25th of November, 1,495 first-hand private property registrations were recorded, which was about 17.4% higher than the 1,273 in the whole month of October. The most registered housing estate during the month was Fotan Xingkai·Dian , Followed by Hai Yin Manor in Tseung Kwan O, and the above two projects have brought more than a thousand registrations for first-hand private properties in November. Centaline recently predicted that 1,800 single-lot transactions in the entire month will be up to 40% month-on-month compared with 1,285 in October.

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