2024-04-29 28Hse Editor
The reported that the market conditions are sluggish, and negative factors such as serial interest rate hikes and the escalation of the epidemic continue to dampen the selling mentality of property owners. Based on the data from the Land Registry, among the 1,525 second-hand private house sales registrations in Hong Kong for which the initial purchase price was known in November, 1,252 were book profit cases, accounting for 82.1%, a further drop of 5.5 percentage points from October, a 7-day consecutive drop months, which is the 160-month (more than 13-year) low since August 2009. It is worth noting that there were as many as 257 cases of selling properties at a loss in November, which was the first time in the past 12 years (147 months) that the monthly loss exceeded the level of 200 cases.
Chen Haichao, Director of Ricage Real Estate Research Department, pointed out yesterday that in late November, the market conditions continued to be quiet, the first-hand new property sales were mediocre, and the second-hand properties were also deserted. In addition, the epidemic gradually heated up during the period, and the number of confirmed cases rose to over 10,000 in a single day in December. In addition, the market is worried that interest rates will continue to rise in the middle of the month; as a result, more owners are still eager to ship, and many of them have a short holding period, which significantly reduces the profit ratio and profit margin.
The loss of second-hand private houses increased to 17.4%
He looked forward to December. In the first half of the month ending on the 16th, the profit ratio of second-hand private housing resales fell further to 81.8%, and the proportion of lost hands increased to 17.4%. It is expected that there will be no major changes in the basic market conditions throughout the month. The monthly profit ratio and average profit margin are expected to remain at a similar level and fluctuate.
As for the book profit of resale, according to statistics, according to the classification of property areas, the New Territories performed best in November, surpassing Hong Kong Island with 84% to become the district with the highest profit success rate, but fell by 3 percentage points month-on-month; Followed by Hong Kong Island, reported 79.9%, down 8.2 percentage points month-on-month; as for Kowloon, it only recorded 79.3%, and dropped 9.6 percentage points month-on-month. Based on the analysis of property resale prices, the mid-to-high-priced property group with property prices ranging from 10.01 million to 12 million yuan had the highest profit ratio, recording 84.6%, a month-on-month decrease of 1 percentage point, involving 88 cases; in addition, 801 For the group of RMB 10,000 to RMB 10 million, the monthly profit ratio reached 83.8%, a significant decrease of 8.8 percentage points month-on-month, slightly outperforming the overall market.
In addition, the data shows that the average profit of each private house transfer case in November was only 45.1%, a sharp drop of 12.8 percentage points month-on-month, which is the lowest in the past 129 months (that is, nearly 11 years) since February 2012. In November, 36.9% of the total second-hand private housing sales were transactions with a book profit of 1 times or more, a decrease of 2.3 percentage points month-on-month, and a total of 562 cases were recorded; as for the number of book losses, it increased to 257, accounting for a month-on-month decrease of 2.3 percentage points. Soared 5.3 percentage points to 16.9%, a new monthly high for more than 13 years since August 2009, and broke through the 10% level for two consecutive months; while there were 16 tied cases, the proportion also increased to 1%.
Kingswood has the highest profit success rate
In addition, looking at the 10 housing estates with the most profitable registrations last month, there is no longer a 100% profitable housing estate. The housing estate with the highest profit success rate is 90% of Kingswood Villas, followed by 88% of Tseung Kwan O Center . Among these 10 housing estates, the average profit margin of each case ranged from a minimum of 17.1% to a maximum of 89.7%. Among them, Kingswood Villa became the housing estate with the highest average profit per transaction case, reaching 89.7%. As for the lowest earning rate in the list last month, the relatively young LOHAS Park earned only about 17.1% per case, while the next lowest was 25.1% at Discovery Bay.
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