More than 70% of the 15 housing estates are estimated to fall. HSBC is the most conservative. Green poplar is reduced by 10% annually.

More than 70% of the 15 housing estates are estimated to fall. HSBC is the most conservative. Green poplar is reduced by 10% annually.

Property prices peaked in 2018 and continued to find the bottom, and the bank’s valuation attitude turned cautious. The newspaper tracked the online valuations of HSBC, Hang Seng Bank (00011) and BOC Hong Kong (02388) on nearly 30 related units in 15 housing estates in December 2018, and found that the proportion of units that were recorded down by month reached 77. Above the %, the valuations of the remaining units remain unchanged; HSBC has nearly 40% of the online valuations below the end of 2017, and the year-on-year decline is the highest among the three major banks.

Through the online valuation system of BOC Hong Kong, HSBC and Hang Seng Bank, the newspaper tracked the online valuation trend of nearly 30 related units in 15 major housing estates as of the end of December 2018. The newspaper found that compared with November 2018, HSBC’s attitude of lowering its valuation was the most positive. Except for one unit, the valuations of the remaining 25 units were all lowered. Among them, Jiahu Resort in Tianshuiwei had the largest decline, reaching 7.81%. .

Three major clubs, Haiyi Xindu City valuation

Although Hang Seng Bank has only lowered the valuation of about 77.8% of the flats in the same period, individual housing estates such as Block D, Room 17 of Laigang City, Kwun Tong, have a saleable area of ​​687 square meters. In December 2018, the online valuation was inserted into the market by 9.72. %, to 9.66 million yuan, the price limit is the top three banks. About 81% of BOC Hong Kong’s online valuations of surveyed units have been lowered, but the reduction is only 4.06%, which is the mildest among the three major banks.

However, there is no shortage of online valuations in December 2018. HSBC’s 10 units recorded a year-on-year decline, with the most tragic situation in Room 1 of Block B of Green Bay New Village, Tsuen Wan, down 10.62% year-on-year to $8.08 million. In BOC Hong Kong, the online valuation of six units showed a year-on-year decline, with the Tseung Kwan O New Town being down by 8.7%. Only three units of Hang Seng Bank’s online valuations fell year-on-year, with the largest decline being 3.96% of the Ap Lei Chau Peninsula.

In addition, the high-rise Room H of Block 13A of the South Horizons and the Block B of the second floor of Phase 1 of the Metro City of Tseung Kwan O, the three major banks have recorded a year-on-year decline.

HOS flats estimate against the market

On the other hand, the largest increase in the online valuation of the three major banks in December 2018 was the HOS flats [table]. HSBC is Tsz Oi Court (8.6%), Hang Seng is Sha Tsui Yu Tsui Court (19.2%) and BOC Hong Kong is Tsuen Wan Ai Butterfly Bay (12.33%).

According to Liu Yuanyuan, the chief vice president of the Meridian Mortgage Referral, the decline in the online valuation of the bank is in line with the trend of the market. In some housing estates, there is a slight increase in the unit cost. However, due to the uncertainties in the property market in the first quarter of 2019, it is believed that Property prices will continue to fall, and the bank’s valuation is expected to fall by 5% to 10%. Liu Yuanyuan suggested that buyers who are interested in buying a home should make a pre-approval before signing the contract, or reserve more funds for the first period, so as to prevent the bank from “estimating the price” to affect the transaction.