The epidemic worsened sharply, and the property market continued to adjust downwards. The Central Plains City Leading Index CCL reported yesterday was at 183.06 points, returning to the low of 183.16 at the end of April last year, hitting a 43-week low, with a weekly decline of 0.78%, the largest decline in seven weeks, reflecting the accelerated decline in property prices. At the same time, the property inspection activities continued to be affected on Saturday and Sunday. The top ten housing estates of Centaline Property recorded only about 325 groups of property inspection appointments this Saturday and Sunday, down another 0.9% week-on-week, hitting a new low for another year.
◆reporter Yan Lunle
Huang Liangsheng, senior co-director of Centaline Real Estate Research Department, pointed out that the eight major CCL indexes fell together this week (mainly reflecting the market conditions at the end of January), and the decline in property prices accelerated. Among them, CCL recently reported 183.06 points, the largest decline in 7 weeks, and has been falling for 2 consecutive weeks. 1.55% in total. CCL pointed out that CCL has ended the 9-week struggle between 184 points and 186 points, and the trend may be further lowered. It is expected to test 182 points later, and may fall to around 180 points at the end of February, returning to the level of March 2021.
The four district indexes all fell for the first time in 7 weeks
All types of properties fell. Among them, the leading index of large housing estates in the Central Plains City, CCL Mass, reported 184.64 points, a 43-week low, down 0.82% week-on-week, the largest decline in 12 weeks; CCL (small and medium-sized units) reported 182.66 points, a record high 43-week low, down 0.79% week-on-week, the largest decline in 7 weeks; CCL (large unit) reported 185.06 points, a 9-week low, down 0.72% week-on-week.
In terms of zoning, property prices in the four districts have fallen together, which has been repeated in seven weeks. Among them, in the past two weeks, the New Territories West Property Price Index has fallen the most among the eight major indexes. The latest report was 169.64 points, a 44-week low. It fell by 1.28% week-on-week, the largest decline in seven weeks, and fell by 2.46% for two consecutive weeks. The Kowloon property price index reported 179.53 points, a 6-week low, down 1.18% week-on-week, the largest drop in 8 weeks, and fell 2.13% for 2 consecutive weeks; Hong Kong Island property price index reported 186.23 points, down 0.29% week-on-week, down 2 A total of 0.97% for the week; the New Territories East property price index reported 198.27 points, down 0.3% on a week-on-week basis.
Appointment and price reduction for flat inspection
Affected by the epidemic, the market continued to be sluggish, and Saturday and Sunday, which have always been the peak of property inspection, were also greatly affected. The top ten housing estates of Centaline Real Estate recorded about 325 groups of property inspection appointments this Saturday, down another 0.9% week-on-week, hitting a new low for another year. Chen Yongjie, vice chairman of the Asia Pacific region and president of the residential department of Centaline Real Estate, said that the fifth wave of the epidemic has not improved, and citizens continue to reduce their going out and contact. Coupled with the tightening of social distancing measures, physical property inspection activities have plummeted. However, he pointed out that many property market transactions have been transferred to the Internet. Recently, property prices have retreated, and many discounted properties have been accepted. It is believed that as long as the epidemic eases, physical property inspection activities and transactions will be active again.
In terms of Midland, about 303 groups of 15 indicator housing estates made reservations for property inspections on Saturday and Sunday, compared with last week.On the 6th, it further decreased by about 3.8%. According to statistics from the Real Estate Research Department of Lijia Court, 50 benchmark housing estates in Hong Kong, a total of 945 groups of customers made appointments for property inspections on Saturdays and Sundays, which also fell by 1.6% week-on-week. Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), said that the epidemic has affected property inspection activities, but the general attitude of homeowners to ask for prices is relatively soft, with many negotiating ranges of 3% to 5%. Homes entered the market with a counter-offer, and the transaction volume of individual housing estates even recorded an increase compared with the same period last month.
