2024-04-29 28Hse Editor
Due to the continuous severe fifth wave of the epidemic, some owners refused to open their doors to inspect their properties, resulting in a sharp drop in second-hand transactions. The past weekend (March 5-6) The four major real estate agents recorded second-hand transactions. had to fall, from 33.3% to 55%. The primary market was even more frozen, with only 4 transactions recorded.
Midland Properties recorded 8 second-hand transactions over the weekend, down about 33.3% week-on-week, hitting a 9-week low, showing repeated lows. Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), said yesterday that due to the epidemic, some owners refused to open their doors to inspect their properties. In addition, a small number of prospective buyers had missed their appointments or postponed entering the market due to the epidemic. He believes that short-term property market transactions are still under pressure. However, "national testing" is imminent. Once the epidemic is effectively controlled and the restrictions on gatherings are relaxed, it is believed that the purchasing power that has been accumulated in the past will be significantly released.
Some of the guests who made an appointment to inspect the property missed their appointment
In addition, Chen Yongjie, vice chairman of the Asia-Pacific region and president of the residential department of Centaline Real Estate, pointed out that some guests who have made an appointment to inspect the property have also suspended their property inspection activities due to the epidemic. At present, users dominate the market, and second-hand transactions are dominated by medium and low-priced properties within 12 million yuan. It is expected that the second-hand transaction volume will continue to hover at a low level in the short term, and the dawn will only appear when the epidemic slows down. Centaline Properties recorded 5 transactions over the weekend, down 50% week-on-week, hitting a new low in nearly 9 weeks.
Liao Weiqiang, president of Ricago Real Estate, pointed out that in response to the epidemic, citizens naturally felt worried and reduced going out, resulting in a quiet trading situation and a wait-and-see state as a whole. Rica Court recorded 5 second-hand transactions over the weekend, down 44% week-on-week.
Ma Taiyang, Chief Operating Officer of Hong Kong Real Estate and Director of Kowloon District, said that although the haze of the epidemic has not yet dissipated, the property market just needs to condense, and the mortgage insurance has been relaxed. It is believed that when the epidemic improves, the backlog of purchasing power of the public may explode. situation. The bank recorded 5 second-hand transactions, down about 55% week-on-week.
First-hand Frozen Only 4 Transactions
The first-hand market is even more frozen. As of 7:00 last night, only 4 first-hand transactions were sold over the weekend, hitting a new low in more than two years since January 2020. Among them, Southwest Kowloon Victoria Harbour II, jointly developed by Xinzhi (0083) and Wheelock Properties, sold Room B on the 8th floor of Block 3A for 13.3569 million yuan on Saturday (5th), with a usable area of 490 square feet and a 2-room partition. The price per square foot is 27,259 yuan; the first-hand market of Landor, Pak Shek Kok, Tai Po, which is owned by Great Eagle (0041), sold Unit A on the 16th floor of Block 9B for 9.439 million yuan.
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