2024-05-03 28Hse Editor
The property market continued to slump. According to Centaline Real Estate's statistics, there were only 7 transactions in the top ten housing estates in the weekend market, hovering at single digits for 4 consecutive weeks. At the same time, first-hand transactions were also extremely sparse, with only 8 transactions during the weekend. Chen Yongjie, vice chairman of Centaline Property Asia Pacific and president of the residential department, said that the property market continues to decline, and buyers are bearish and unwilling to enter the market. In addition, the increase in the number of infections in the Mainland and Hong Kong has increased market anxiety, which will have a certain impact on the property market. Monthly first-hand transactions were less than 250, down another 32% from October's low of 367, and hit an eight-month low. ◆reporter Yan Lunle
The property market in Hong Kong fell to the bottom in November. There were only 8 transactions in the first-hand new property in the past weekend, and only 250 transactions in China Raw Materials in the whole month. If the forecast is realized, it is estimated to be the worst month after the fifth wave of the epidemic has eased. In addition to falling 32% from the low of 367 cases in October, it is also a new low in eight months after April this year. In addition, Yau Tong Long Yu, jointly developed by Poly and Shangjia, announced its first price list last Friday, involving 128 units, with a discounted average price of 17,938 yuan per square foot. According to sources, since last Friday, the project has received 92 votes in the first three days, which is still not enough.
The top ten housing estates in Central Plains were sold on 7 weekends
Second-hand transactions were also sluggish. The top ten housing estates in Central China recorded only 7 transactions in the past weekend, a further drop of 22% from the 9 transactions in the previous weekend. It has hovered at single-digit transactions for 4 consecutive weeks. Chen Yongjie said that the market is concerned about whether the government will introduce measures to stimulate the property market. If no new measures are introduced, it is believed that the downturn in the property market will continue.
For Midland Realty, the top ten second-hand index housing estates recorded 9 transaction transactions in the past weekend, a decrease of 25% week-on-week, returning to the single-digit level. Bu Shaoming, Chief Executive Officer (Hong Kong and Macau) of the Residential Department of Midland Realty, said that the number of infections in the Mainland and Hong Kong has risen again recently. Although the epidemic prevention measures in Hong Kong have not been tightened immediately, investment sentiment has been touched, and Hong Kong stocks have subsequently softened. Although the number of property inspections rebounded on weekends, it reflects that prospective buyers hope to take advantage of the flat price. However, with the previous round of digestion, the flat price is limited, and some owners are still unwilling to face the reality. There is a gap between buyers and sellers’ expectations, and the transaction is stalemate. . He believes that the factors affecting the property market will hardly change significantly this year. It is estimated that second-hand transactions will still fluctuate within a narrow range due to the impact of the epidemic and interest rate hikes before the end of the year, while property prices will continue to be under pressure.
In terms of other agency banks, Rica Court Real Estate recorded a total of 11 transactions in the top ten index housing estates in the past weekend, an increase of 1 on a weekly basis. As for the top ten housing estates in Hong Kong over the weekend, there were also 11 transactions, an increase of 3 from last week.
Kingswood’s 3-bedroom property lost 8.5% in less than 4 years
The real estate market has not seen any improvement, and many districts have seen losses and transactions. Among them, the Tseung Kwan O Tianjin recorded a case of "seeing red" for one-bedroom households. Fan Wentao of Hong Kong Real Estate said that customers in the area spent 6.82 million yuan to purchase the low-floor D room of Block 1A, Phase 3A of Tianjin, with an area of about 366 square feet and a price of about 18,634 yuan per square foot, a record low for a one-bedroom household in the same housing estate in 2022. The original owner put the listing at 7.38 million yuan for about half a year, and finally changed hands at a reduced price of about 560,000 yuan. According to the price of about 7.18 million yuan in May 2018In terms of the purchase price of RMB 360,000, the book loss was 360,000 yuan.
In addition, Wu Yaozu of Centaline Real Estate said that Kingswood Villa in Tianshuiwei recorded 1 transaction this weekend. It is a high-rise room C in Block 6 of Jinghu Residence, with an area of 546 square feet and 3 rooms. The transaction price is 5.44 million yuan, and the price per square foot is 9,963 yuan. The original owner bought the unit for 5.95 million yuan in June 2019, with a book loss of 510,000 yuan or 8.5%. As for Midland Realty, Huang Jinhan also said that the bank has just facilitated the transaction of the lower floor C of Block 42, Phase 4, Shatian City One, with an area of about 304 square feet and two rooms separated. It changed hands for 4.05 million yuan, and the price per square foot is about 13,322 yuan. The original owner bought it for 4.2 million yuan in 2017, with a book loss of about 150,000 yuan or 3.6%.
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