Keeping a close eye on the trade talks
Uncertainty in the investment market, the Midland Industrial and Commercial Store believes that the trend in the second half of the year depends on the results of Sino-US trade negotiations, and it is expected that the prices of industrial and commercial shops will only develop steadily.
In the first half of the year, the price fell and the turnover was halved.
Huang Hancheng, chief executive officer of Midland Industrial and Commercial Services, pointed out that due to external economic factors, the overall industrial and commercial market trading volume slowed down significantly. In the first half of the year, the overall industrial and commercial shop sales volume reached 2,900, down 46% from the same period of last year. The turnover is expected to reach RMB 69 billion. , down nearly 50% year-on-year. For the recent political events, he expects only a short-term impact on the industrial and commercial investment market, but believes that it will return to normal after the subsidence, but the most important is the Sino-US trade negotiations, becoming the most concerned factor for investors, so it is expected that the industrial and commercial price in the second half of this year And the rental trend is stable. He believes that with low interest rates and abundant funds, if the Sino-US negotiations are successful, the market conditions in the second half of the year will have a better turn.
In the bunk market, for the government’s intention to purchase the floor as a social welfare institution, Lu Zhanhao, the director of Midland Wangpu, pointed out that the plan can only be implemented in the first quarter of next year, which means that the shop is still not officially benefited in the second half of this year.
He believes that the biggest impact on the bunk market is that the exchange rate of the RMB against the Hong Kong dollar has broken through in the second quarter, further affecting the desire of mainland tourists to come to Hong Kong. Therefore, the rent and selling price of the shop in the core area are only flat.