AMD: New increase in new market in the second quarter
U.S. Property Review In the first quarter of this year, the first-hand property market drove second-hand property prices. In the first quarter, second-hand property prices rose by about 5%, which was also the largest single-quarter increase in the past six quarters. With the increase in supply of new discs in the second quarter, it is expected that the increase in property prices will slow down in the second quarter.
Wu Shaoming, chief executive of Midland’s residential property division, said that second-hand property prices have risen about 5% in the first quarter of this year, a record high, and also the largest single-quarter increase in the past six quarters since the third quarter of 2016. The volume of second-hand transactions in the first quarter of this year will reach 12,400, which is about 6% lower than the 13,225 cases in the fourth quarter of last year. Since the second quarter of 2016, there have been more than 10,000 transactions in the eight consecutive quarters, reflecting the relatively second-hand trend. smooth. In terms of transaction value, second-hand residential properties in the first quarter were estimated to have totaled about 94 billion yuan, which also fell slightly by 5.4% quarter-to-quarter.
The second quarter of the new disk supply a total of more than 8700
In the second quarter, there will be a lot of new supply, and the market will focus more on the new market. In the second quarter of this year, the total number of brand-new units in Yingshi City is expected to exceed 8,700. Among them, Tseung Kwan O expects 2,392 people to continue to become new supply. The major towns, followed by 1,926 in Tai Po, and 1,854 in Tuen Mun.
However, due to the increase in the supply of new discs, it is expected that the premium for new discs may not reach the first quarter and the second-quarter property prices in the first quarter of this year have reached a new high of 6 quarters. It is expected that the market will take time to digest, even if the economic fundamentals are still good, the second quarter property prices The rate of increase will slow down and it is expected to rise about 2 to 3%.
Liu Jiahui, chief analyst of Midland Real Estate, said that the new disc drives the price of second-hand housing estates to follow the upward trend and stimulated second-hand property prices in the region. In recent years, the new town of Tseung Kwan O has taken the example of a new disc, which is more than 10% higher than that of the same district. In half, property prices in the capitals of large housing estates in the region also recorded an increase of 6.6% in the first quarter of this year, driving the secondary market.