Second-hand adjustments accelerated Jiahu price fell below 10,000 Taikoo City price fell 15% in half a month
The pace of second-hand property price adjustment has accelerated. In the first half of this month, the price of Jiahu Villa in Tianshuiwei fell below 10,000 yuan, a record low this year. The price of Taikoo Shing in Quarry Bay, the leading estate, was reported at 17,951 yuan, down 15% from the previous month. The market is dominated by buyers and it is estimated that property price adjustments will continue.
According to the statistics of the first 15 days of the 10 largest housing estates in November, 41 transactions were recorded, up from 5 in the same period, an increase of 14%, reflecting that the second-hand property prices continued to decrease, but the buyer’s desire to enter the market was not high. The Haiyi Peninsula has not recorded a deal this month.
Jiahu 3 rooms 4.84 million new low this year
The price of the boarding house has fallen below the support level. The price of Jiahu Villa in Tin Shui Wai was reported at 9,540 yuan in November. The price of 10,000 yuan fell below 10,000 yuan this year, down 8.4% from the previous month. The price of the 3 bedroom property in the housing estate has reached a new low this year. Xiangyi Real Estate Branch Manager Xie Liguan pointed out that Lehuju has 13 low-rise G rooms with an area of 548 square feet, 3 rooms separated, and 8 million yuan in August. After the price reduction of 1.162 million yuan, the price was 4.838 million yuan. 8,828 yuan, the transaction price of 3 flats hit a new low this year, falling below the 5 million mark.
The property price hit a low this year. The owner’s mentality of trading was weakened at the same time. A 2 bedroom unit in the same housing estate was sold at a price of 4.3 million yuan, which was flatter than the recent low of 4.4 million yuan, which caused the property price of the estate to fall back.
One city, two rooms, 4.5 million, returning to last year’s level
Secondly, Block H of the lower floor of Block 47 in Sha Tin City has a usable area of 304 square feet. Chen Yanyan, the manager of Midland Realty, pointed out that it just changed hands with 4.5 million yuan and the property price returned to last year’s level. In fact, the housing estate temporarily recorded 4 two-bedroom transactions in November, with an average transaction price of 4.84 million yuan, which was 10% lower than the average price of the house in October 2.
The adjustment of property prices has spread from the initial car ownership to the mid-price Hong Kong Island housing estate. Taikoo City, a well-preserved fascinating estate, has temporarily recorded 7 transactions in this month. The average price was 17,951 yuan, which was 15.1% lower than the overall price of 21,133 yuan in October. The decline was the largest in the 10 largest housing estates and returned to the level of September last year. .
The agent explained that the price of Taikoo City fell sharply. In addition to the owner’s willingness to reduce the price, another factor was that the high-quality household transactions were not recorded in November, which dragged down the price. However, the unit must be successfully sold out. The agency means that the cost is at least 15 to 20% lower than the high level in August, that is, returning to the level of the beginning of this year. In the price reduction, Zhao Hongyun, the deputy regional business director of Zhongyuan Real Estate, pointed out that including the high-rise room A of Nanhaige, the utility area is 552 square feet, 2 rooms look at the sea view, the original price is 14.5 million yuan, and the accumulated price is 2.5 million yuan, to 12 million yuan. Put on the plate, the price of 21,700 yuan.
Sino-US trade wars are faltering, stock market performance is fluctuating and local banks are raising interest rates. Three major negative factors have shrouded the local property market. Industry insiders pointed out that with the analysis of the Central Plains City Leading Index, the latest report was 182.73 points, which is currently only down 3% from the high level. However, property prices generally have to be reduced to the beginning of the year, buyers are willing to undertake units, but the index is still 9% higher than the beginning of the year, so the second-hand property prices will continue to decline before the end of the year.