DTZ’s material prices rose 15% in the first half of the year
The property market is now Xiao Yang Chun, DTZ’s vice president of Greater China and the head of Greater China strategic development consultancy Tao Yuhong estimates that the overall property price in the first half of this year is expected to rise by 15%, almost recovering the lost ground last year, and it is expected that some large blue-chip housing estates will be relegated. The price of Taikoo Shing in Quarry Bay can break through the high housing estate at the end of June this year.
Tao Yuhong pointed out that the property market has fallen sharply since August last year. It stems from Sino-US trade frictions. The global economy is uncertain. Market participants are overly worried about seeing too weakly. Coupled with the accumulated increase in the property market, many owners are willing to cut prices. Earning the exit, intensifying the decline in property prices.
As the Sino-US trade negotiations progressed faster than expected, and the economic situation turned brighter, the property market rebounded rapidly in January this year. Tao Yuhong pointed out that the rebound in the property market is both price and quantity. It is expected that the total transaction volume of the first quarter of this year will reach 14,132, up by 58% quarter-to-quarter; the prices of some popular housing estates will rise by as much as 20% to 28% from the low level. .
Oh, the price of Taikoo City is up to 23,500.
Tao Yuhong described it as the largest V-shaped rebound in history and the rapid growth of the blue-chip housing estate. Take the first city of Shatin in Shatin as an example. The latest average price of 18,600 yuan has rebounded by 28.3% from the low of 14,500 yuan in January this year. It is only 4.6% lower than the high of 19,500 yuan in August last year. The price of Taikoo City has been more than two months. It rebounded by 20% to the latest 21,000 yuan, and the higher peak of 22,300 yuan was 5.8%.
He expects that due to the easing of trade friction between China and the United States and the slower pace of interest rate hikes, the market sentiment will be better. The housing prices in the second quarter are expected to continue to rise, which will increase the average price of property prices by 15% in the first half of the year. It is expected that at the end of the second quarter, property prices are expected to return to the high level of last August.
He is most optimistic about the market conditions of Taikoo Shing. I believe that property prices in the first half of the year will rise by 31.4%, and the price of plutonium will reach 23,500 yuan, 5.4% higher than the August high. The price of the first city in Sha Tin is expected to rise by 34.5% in half a year. At the end of June this year, it tied the record of August last year.