Dilution Agency Index 18 Lien Chan narrowed
The price rise of private residential properties in Hong Kong has not gone up. According to the Rating and Valuation Department (VaR), the overall private residential sales index for September was 340 (0.27%) higher for the first nine months 10.6%. The rally has lasted for 18 months. Property prices jumped 25.3% in a year and a half. This is the 11th consecutive monthly record high since October last year. Industry insiders expect that property prices will not go up this year, with property prices going up about 11% to 13% for the whole year.
The longest period since the record
The latest estimate by the DDA shows that the September Private Selling Price Index rose for the 18th straight month in a row, the longest upward period since its record in 1993. However, the September price index narrowed to a monthly increase of 0.27% to 0.27% last year The month with the smallest increase in nearly 9 months after a 0.23% monthly increase in December was recorded.
The fine units are still the locomotives of the cities where they are promoted. The Differentiation Department divides the private residential units into five groups by unit area. Among them, Type A units with a salable area of less than 431 square feet reported a 376 price index in September, up 0.4% from August, the most notable increase. The index rose for 18 months, up 26.1%, outperforming city.
Apart from selling prices, rents have also been on the rise. In September, the overall index of private residential rents stood at 186.5, up 0.92% from a month earlier, slightly widening from 0.82% in August. The index rose for 10 months and was 2 Month for seven consecutive months a record high.
According to Lau Mei Fai, chief analyst of Midland Realty, according to the latest data from APF’s “Property Price Chart”, the average salable floor area for 100 major small and medium-sized housing estates in October was about $ 11,887, a rise of about 1% As the market conditions in the policy address have become clearer and the local economy continues to improve, the uncertainties in the property market gradually disappear. Property prices in the fourth quarter are expected to rise steadily. Property prices rose by about 13% this year.
Lam Hau-wen, Knight Frank’s senior director and head of valuation and consulting department, pointed out that although there is a certain risk of high property prices, no major factor has led to a sharp decline in property prices during the year. It is estimated that the fourth quarter’s increase in property price index will further increase Narrow, it is expected that the annual increase will range from 11% to 12%.