Last month, about 4,000 cases of building sales fell by more than 20% on a monthly basis. The political and economic factors were weak.
The conflicts caused by political incidents have continued, and the problems arising from the Sino-US trade war have not yet eased, which has hampered the property market atmosphere and the volume of transactions has plummeted. In September, the overall registration of building transactions was only about 4,091, down 21% month-on-month. Since December last year, the new low in about 9 months. The industry believes that if the social situation that plagues the territory continues to deteriorate and some purchasing power is consumed, it is expected that the registration volume will fall further in the next few months.
Under the successive impact of political problems, the trading volume of the property market has fallen successively. Huang Liangsheng, senior co-director of the Central China Research Department, said that the number of building sales contracts in September was 4,091, down 21% from 5,159 in August, and fell by 2 The month was also the lowest in about 9 months after December last year. The number of residential registrations in September was 3,301, which was also 19.2% lower than the 4,084 in August, and fell for two months.
Create a new low in nine months
On a quarterly basis, the overall property registration volume for the third quarter of this year was 15,630, which was 41% lower than the 26475 in the second quarter. It was also the lowest since the fourth quarter of 18 years and about three quarters.
In the case of first-hand private residences, 1311 cases were recorded in September, up 7.5% month-on-month, and the number has stabilized at 1200 for two consecutive months. Among them, the most frequently registered new disk in September was Wuyin Bay, which recorded 594 cases, followed by MARINI, 9A, Tseung Kwan O, and 520, and OMA OMA ranked third, with 24 records. As for second-hand private homes, in 1990, there were 1990 cases, and Qi Chuang had a new low in the year. For the large housing estates, 27 registrations were recorded for the Kingswood Villas in Tin Shui Wai in September, 25 in the first city in Sha Tin, 16 in Mei Fung Estate in Lai Chi Kiu, and 6 in Tai Kiu Estate in Lei Yue Wan.
About 3,300 residential registrations
Chen Haichao, head of the research department of Li Jiage, pointed out that the situation in Hong Kong was tense. The developers were cautious and buyers were waiting to see more. This dragged down the overall registration of building transactions in September and hit a low this year.
Zhang Zhichu, Managing Director of Yanliang Consulting and Evaluation, said that if the situation in Hong Kong continues to be tense, I believe that the chances of continued decline in the number of registrations in the future will be higher, especially as part of the purchasing power has been consumed by the market, including the first-hand volume in the first nine months of this year. It has been close to last year’s level, and some second-hand price reduction orders have been cleared. He also believes that the current political events will continue until the end of the year, and that this year’s registration volume is more difficult to show an increase.
Industry: The year-end is expected to fall
Liu Jiahui, Principal Analyst of Midland, pointed out that in view of the time required to sign a sale and purchase agreement to submit to the Land Registry, the September registration case generally reflects the market conditions in August. He further pointed out that the new sales and second-hand trading in September were good, so it is expected that the registration volume will be reflected in October. It is expected that the overall property registration in October is expected to exceed 5,000.
Chen Chaoguo, managing director of Savills Valuation and professional consultants, said that due to the political events in Hong Kong and the Sino-US trade war, buyers were keen on the wait-and-see attitude, and the desire to enter the market was greatly weakened, resulting in a decline in trading volume. In respect of the registered property categories, Mr Chan believes that the impact of first-hand small and medium-sized flats is relatively minor. As these flats are mainly user-oriented, the demand for rigid home purchases is strong, and the admission fees are relatively flat. Contributing to the concessions, buyers can get on the train with only a limited amount of money. On the contrary, second-hand units do not set any concessions, buyers need to pay more funds as the first phase, so that the second-hand transaction volume fell a lot.