Second-tier housing estate rises slowly

Property prices continued to rise, and many second-tier housing estates recorded new high prices. However, second-line housing estates often rise slowly and fall quickly. Should the property market reverse, the second-line housing estates will become locomotives, so buyers must Pay attention to risk.

The price of first-line blue-chip housing estates is high. Only buyers with limited budgets can switch to second-tier housing estates for treasure hunting. For example, the existing two-bedroom flats in Sha Tin First City, Sha Tin District, Sha Tin District, are frequently over RMB 5.5 million, and some even exceed RMB 6 million. At the same level, it is no longer possible to build a mortgage insurance and the purchasing power will naturally flow to the lower-water housing estates. Riverside Garden and Tsui Wah Garden are such choices. For example, Cui Wah Garden yesterday recorded a turnover of more than $4 million, creating a new high for housing estates.

If the property market reverses weak second-tier resilience

The buyers of second-line housing estates also have to pay attention to the risks. When the market falls, these housing estates have weaker resilience. As the owners of the market rose to dominate the market, the buyers only had high hopes to impress the owners when they were absent; however, when the market fell, the buyers dominated the property market and the buyer’s bargaining power was greatly increased. As first-line housing estates are often better equipped, their resilience is relatively strong. Taking Taikoo Shing and Nanfeng Xincun as examples, the last down market was in early 2016. Taigu City’s price fell from January 2016 (15,559 yuan) to March (13,151 yuan) bottomed out, and it fell 15%; the same period south The price of Fengxin Village fell from RMB 13,834 to RMB 11,393, an increase of 18%. However, Taikoo Shing quickly rebounded in April and regained its January high in August of the same year. However, Nanfeng New Village will not return to its high of January 2016 until December 2016.

In addition, the traffic advantage or the size of the housing estates is large enough to become the first choice for buyers at the time of market decline. As a result, the sources of second-line housing estates are indirectly narrowed. Therefore, it is necessary to increase the price reduction to attract buyers.

Although high-stakes are inherently risky, if there are second-tier housing estates that are weaker and weaker than the weaker ones, there may be relatively large “falls” in market declines. Therefore, buyers must first calculate their affordability before entering the market.