Industrial and Commercial Shops Stabilized over 10 Billion Yuan in Trading Volume in the Last Month
The registered value of commercial and industrial shops in February was recorded at 10.077 billion yuan, stabilizing more than 10 billion yuan for 4 consecutive months. It was the first time after the hot move that reflected the atmosphere of the trading.
According to the data from the Comprehensive Land Registry of the Hong Kong Property Business Store Information Research Department, the total number of registrations for commercial and industrial shops in February was 998, up 24.4% month-on-month, and the registered amount was 10.077 billion yuan, down 38.1% month-on-month. The fourth month stabilized the level of more than 10 billion yuan. The previous record was from March 2012 to March 2013. At the time, it recorded more than 10 billion yuan for 13 consecutive months. This time, it was the best after the hot spree spread to commercial and industrial shops.
Industrial Building 719 transactions rose 52% month-on-month
According to the type of commercial and industrial shop, the number of industrial and commercial shops in February continued to be the focus of commercial and industrial transactions. In February, 719 industrial buildings were registered, up 51.7% month-on-month, accounting for 72% of the total number of industrial and commercial shops, involving approximately 4.809 billion yuan. The monthly turnover fell by 39.3%. The increase in the registration of industrial buildings in February was mainly due to the demolition of the W212 Industrial Building W212, which attracted a large number of investors to enter the market. The number of registrations for this project alone accounted for 216 cases, involving approximately 1.689 billion yuan. The number of commercial buildings recorded 118 cases, which was a drop of 35.5% on a monthly basis and involved approximately 1.834 billion yuan, a drop of 65.4% on a monthly basis. 161 cases of commercial stores rose by 11% month-on-month, involving approximately 3.434 billion yuan, up 12.5% from the previous month.
According to the amount, there are 796 registrations of commercial and commercial properties with a registered value of 10 million yuan or less, accounting for nearly 80% of the total registered amount, involving an amount of about 3.38 billion yuan, reflecting the turnover of commercial and industrial properties in February with a turnover of 10 million yuan or less. The more noteworthy one million transactions were recorded. Last month, a total of nine registrations were registered. The RMB 100 million transaction of China Fortune Inc. included Room 3, 13th Floor, Admiralty Centre, Admiralty, which was registered for sale at a price of RMB 190 million. In addition, a number of units on the 26th floor of the W212 in Shau Kei Wan jointly changed hands to RMB 127.7 million.
Huang Hancheng, chief executive of Meilian and Hong Kong’s industrial and commercial shops, said that it was a traditional off-season in the commercial and industrial shop market at the beginning of the year. However, this year’s anti-Indian past, the registered amount exceeded 10 billion for several months in a row. In addition to the ideal market, large-scale trading emerged in series. In addition, it was also related to the fact that some developers had started the sale of a new industrial building project. This made the number of transactions ideal.
In the short term, there will be a number of commercial launches, including Hefei Street Industrial Park in Tai Kok Tsui, Shelley Street Commercial Building in Central and Wai Yip Street in Kowloon Bay. There will also be a number of office building projects to be sold by sophisticated investors. The current market sentiment is satisfactory. It is expected that the market will vigorously undertake the above projects and will drive the registration and number of commercial and industrial shops to remain high.