Top 10 housing estates sales fell 15% due to severe epidemic

28Hse Editor  2022-02-21  #Transaction

Under the influence of the epidemic, the Hong Kong property market continued to slump. According to the statistics of Midland Property Branch, 11 transactions were recorded in the top 10 blue-chip housing estates in the past Saturday and Sunday (February 19-20), a decrease of 2 transactions or a drop of about 15.4% compared with the previous Saturday and Sunday. Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), said that the new wave of the epidemic has not yet been brought under control. With the tightening of anti-epidemic measures, many citizens have reduced their consumption outside the home, and property inspection activities have also slowed down. Considering the health and safety of the family, the arrangement of the property inspection was postponed, and the plan to enter the market was also affected. Although the trading volume has dropped, Bu Shaoming pointed out that the attitude of the owners is generally softening, and the price negotiation range is 3% to 5%, and the number of transactions at a reduced price in the market has increased. He admitted that the epidemic continued to hinder the property market transactions to some extent, and it is expected that property prices will remain under pressure in the short term.

9 first-hand transactions of new properties were postponed for two days

According to statistics from Centaline, the top ten housing estates recorded 10 transactions in the past Saturday and a day, a decrease of 1 per week. Chen Yongjie, vice chairman of the Asia-Pacific region and president of the residential department of Centaline Real Estate, said that the local epidemic situation is still severe. There were very few people in the building, and second-hand transactions also fell accordingly. However, the room for bargaining has increased recently, and the price reduction of some listings has increased by about 5% compared with the previous month, attracting buyers to enter the market while the price is reduced, so that the trading can be stabilized. According to the statistics of the remaining two agency banks, Hong Kong Real Estate recorded a total of 7 transactions in the two days, a drop of more than 20% compared with the 9 transactions on the previous Saturday and Sunday; Ricago Real Estate also recorded only 9 transactions, a decrease of 18% compared with the 11 transactions on the previous Saturday and Sunday. . On the one hand side, due to developers delaying the opening of the market, only new orders were traded on Saturday and Sunday, and only 9 first-hand transactions were recorded in the two days.

Discounted prices are frequently found in Lvyang New Village, which is sold at a 4.8% discount

Discounted transactions continued to be recorded in all districts. According to Bao Yunzhong of Lijia Court, Room 1 on the lower floor of Block M, Amoy Garden, Ngau Tau Kok, with a usable area of about 356 square feet, the asking price was 5.88 million yuan at the beginning of February, then it was lowered to 5.8 million yuan, and finally further reduced to 5.68 million yuan. The price per square foot is about 15,955 yuan. Yuan, the low price for the same type in the past two months. The original owner purchased the unit in October 1991 for about 1.28 million yuan. There is also a discount transaction at Lvyang New Village in Tsuen Wan. Zhang Zhihao, the manager of the Central Plains branch, said that Room 03 on the lower floor of Block N of the housing estate has an area of 451 square feet. Yuan transaction.

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