Second-hand weakening, big housing estates have fallen below key price points
Uncertainty has shrouded the property market, and large housing estates have fallen below key prices. The price of the two-room property in the first city of Shatian fell for the first time in half a year. Another 3-bedroom household in Jiashui Villa, Tianshuiwei, returned to the beginning of the year with a total of 5.2 million yuan. The industry expects 5% adjustment space in the second half of the year.
Cases in which the housing estates fell below the critical property price level were concentrated on the fine units of the car, including the 1 berber of the Taupo Garden in Ngau Tau Kok Estate, which fell below $5 million. After the price of the two-bedroom property in the first city of Shatian fell back to 5 million yuan in the past weekend, the price reduction continued. A very low-level unit lost 5 million yuan and sold for 4.98 million yuan, which was the first time in nearly half a year.
Li Zongwen, the regional business director of Zhongyuan Real Estate, pointed out that the unit is 37 extremely low-rise E rooms with a practical area of 284 square feet and two rooms separated. It is reported that the unit’s asking price is 5.05 million yuan, which is expected to be the lowest bidding unit in the whole housing estate. The price will be reduced by 70,000 yuan for one week, and the price will be 17,880 yuan. The original owner entered the market with a price of 2.29 million yuan in 2012, and the profit of holding the goods for 6 years was 2.69 million yuan, an increase of 1.2 times.
Two of the three banks valued the unit between 5.04 million and 5.08 million, and the transaction price was about 2% lower than the valuation. In addition, the transaction price is at a new low in the past six months, that is, in March this year, a low-rise two-bedroom housing estate has a new low of 4.88 million yuan. Second-hand trading was quiet, and the first city in Sha Tin only recorded 6 transactions this month. However, the owner’s asking price is still sticking to the key position of the property price of 5 million yuan, starting from 5.2 million yuan.
Jiahu connected households price reduction and sale
Another car park, Tianshuiwei, Jiahu Villa, the price of 3 rooms fell below 6 million yuan, and returned to the level at the beginning of the year. Ma Lili, deputy regional sales manager of Zhongyuan Real Estate pointed out that Meihuju has 5 low-rise G rooms and H rooms, each with an area of 544 square feet. The unit was originally connected to the household. The owner once offered a price of 12 million yuan, but the unit silver code is difficult to obtain buyers. Undertake, the owner recently reduced the release to 2 independent units, and launched it with 5.5 million yuan, and then the buyer negotiated to purchase, respectively, with 5.2 million yuan (H room) and 5.25 million yuan (G room), the price is separately 9,559 yuan and 9,651 yuan.
Looking up the record, in February this year, Lihu lived in a low-rise 3-bedroom household, which was 5.2 million yuan, which means that the unit cost has returned to the beginning of the year. In addition, the high price of the same area unit has reached 6 million yuan. Masli continued, the original owner rushed to the real estate, so the transaction price was lower, after the cash or temporary renting. According to the data, the original owner purchased it for 6.18 million yuan in 2013, and the profit for the five years was 4.27 million yuan, an appreciation of 69%.
Industry expects 5% adjustment space in the second half of the year
The prices of many estates have fallen below the key level. It is not excluded that other owners will further increase the bargaining space. The economist Guan Zhaozhao believes that second-hand trading is frozen, and if the owner wants to make a sale, he or she will sell the unit at a substantial price.
However, at present, 65% of the units in Hong Kong have been fully supplied. Under the financial pressure of no contribution, it is believed that most of the owners will not easily sell the flat at a fair price. It is expected that the second-hand property price will only have a maximum adjustment of 5% in the second half of the year. He continued to point out that the recent new sales are not bad, reflecting that the market still has purchasing power, while the general direction of the property market mainly depends on the new sales and property prices.
The second-hand property market sentiment weakened, reflecting the frontline broker’s view of the property market. The CSI’s latest CSI index was 54.19 points, down 4.85 points per week, and falling below 60 points for two consecutive weeks. The index hit a record low of 2 years after the November 2016 report of 53.01 points. At that time, the government raised the ad valorem stamp duty to 15%, and the index entered the range of 45 to 55.