The real estate market is quiet, the number of units in the top ten housing estates continues to be sold

28Hse Editor  2022-03-14  #Transaction

The number of confirmed cases of the new crown continues to rise. Based on comprehensive market data, the top 10 blue-chip housing estates of the four major agents recorded between 5 and 9 cases over the weekend, which continued to maintain single-digit transactions, but the weekly transaction volume did not drop. Chen Yongjie, vice chairman of Centaline Asia Pacific and president of the residential department, said that the rigid demand from the public is high, and the delay in first-hand sales has caused purchasing power to return to second-hand.

Mortgage relaxation exceeds 10 million transaction growth

Chen Yongjie revealed that, benefiting from the “Bo Uncle Plan”, among the 8 transactions in the top ten housing estates recorded over the weekend, 4 were transactions of 10 million to 12 million yuan, all of which could afford high-percentage mortgages, which significantly increased the turnover of such properties. . The bank recorded 8 transactions over the weekend, up 3 or 60% from 5 last week, but still recorded 6 housing estates with zero transaction.

Bu Shaoming, CEO of Midland Residential Department (Hong Kong and Macau) believes that for prospective buyers, now is the time to negotiate and enter the market. He explained that the fifth wave of the epidemic still needs to be eased, and the property prices in Hong Kong continue to trend downward in the short term, and the overall trading performance is under pressure. Second-hand property owners who are more willing to sell should also accept the reality and adjust the negotiating rate to facilitate the transaction. The bank's top ten housing estates recorded a total of about 9 transactions over the weekend, an increase of about 12.5% from last week and hovering at the single-digit level for two consecutive weeks.

The new market is stagnant and the second-hand is a see-saw situation

Liao Weiqiang, president of Lijia Court, also pointed out that there is a see-saw situation between buyers and sellers in the second-hand market. Rica Court recorded a total of 8 second-hand transactions over the weekend, an increase of 3 or 60% over the previous weekend. Among them, Kowloon and the New Territories performed the best with 3 transactions. In addition, Hong Kong Properties recorded a total of 5 transactions over the weekend, which remained unchanged on a weekly basis.

In terms of new disks, the market recorded only sporadic transactions. In the past two days, about 6 new units were sold, which is similar to last weekend. West Kowloon Victoria Harbour Place has sold two units in a row, and Victoria Harbour Plaza I sold Unit D on the 7th floor of Block 3B. The unit has a usable area of 448 square feet, and the transaction price is 11,276,100 yuan. Victoria Harbour III sold Room B on the 30th floor of Block 2, with a usable area of 312 square feet, and the transaction price was RMB 8,943,600, or about RMB 28,665 per square foot. Units in THE HENLEY III in Kai Tak and SILVERSANDS in Ma On Shan were also successfully sold.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

Share by Facebook

Share by Whatsapp

Share by email