Interest rate hikes affect the fermented property market to continue to slump over the weekend

28Hse Editor  2022-11-21  #Transaction

Affected by the continued interest rate hikes in the United States, the performance of Hong Kong's property market continued to slump. Among them, the top ten housing estates of Centaline Real Estate recorded 9 transactions this weekend, compared with 11 transactions last week, a weekly decrease of 18.2%. Chen Yongjie, Vice Chairman of Centaline Property Asia Pacific and President of the Residential Department, said that the second-hand transactions continued to be quiet, and the purchasing power of the new phase of white residences came out. The market focus was on the HOS market, which robbed some of the purchasing power of the car estates, and the housing estates in the New Territories were most affected. , the three major housing estates recorded only 1 transaction over the weekend. Second-hand properties will only be accepted when the rate of reduction increases, and the number of cases of price cuts and losses has also increased. Buyers and sellers wait for good news such as normal customs clearance before making a decision.

Top 10 Housing Estates Turned Quietly

According to the statistics of Midland Realty Branch, about 10 transactions were recorded in the top ten second-hand index housing estates on Saturdays and Sundays, which dropped by about 16.7% week-on-week, maintaining double digits. In terms of real estate in Hong Kong, according to the statistics of its branches as of 3:00 pm yesterday, a total of 8 transactions were recorded in Hong Kong, Kowloon and the New Territories' top ten second-hand index blue-chip housing estates on Saturday and Sunday. .

Only 17 transactions in two days

As for the first-hand sales, the sales are not satisfactory. As of about 7:30 last night, the total first-hand sales volume on Saturday and Sunday was only about 17. Among them, Henderson Land Fanling ONE INNOVALE Cabanna recorded 6 transactions, which is a real estate with better sales performance; as for the Kai Tak real estate development jointly developed by Poly Real Estate (0119) and China Resources Land (Overseas), 3 transactions were recorded. Although there were only 9 transactions in the above two properties, they already accounted for more than half of the first-hand transactions on Saturdays and Sundays.

The top ten housing estates were sold in the past Saturday and Sunday

Weekly change in the number of transactions

Central Plains 9 -18.2%

Midland 10 -16.7%

Rica Court 10 Flat

Hong Kong Property 8 -50%

Tabulation: Reporter Cen Jianle

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