Industrial and commercial services billion yuan transactions 225 cases involving 150 billion
In the first half of the year, the sales of large-scale sales were good. The number of transactions in this year’s industrial and commercial shops was 225. The turnover reached 155.79 billion yuan, which is close to the 260 and 166.3 billion yuan levels of last year.
Big hand slows down in the second half of the year, only 83
According to data from the Research Department of the Midland Industrial and Commercial Department, the number of large transactions in the first half of the year was 142, involving more than $93.3 billion. In the second half of the year, there were only 83 cases involving more than 57.4 billion yuan. The pace slowed significantly in the second half of the year. In fact, there were 37 temporary transactions in this quarter, which was even lower than the 46 in the previous quarter.
According to different categories, commercial buildings are the main source of large-handed transactions. This year, a total of 103 cases were recorded, accounting for nearly half of the total trades in the industrial and commercial shops. The number of transactions was similar to that of the previous year’s 110 cases. 100 million yuan.
In fact, this year’s largest industrial and commercial shop is also appearing in commercial buildings, involving the third and fourth blocks of the Taikoo Shing Centre in Quarry Bay. It will be sold to China Hengheng Investment for RMB 15 billion. In addition, in the first half of the year, there were also a number of large-scale office sales, including the entire building of No. 18, Jinghua Road, North Point, which was sold for 9.95 billion, and the entire building of the Kwanteng Plaza in Kowloon Bay, with a turnover of about $7.5 billion.
In terms of retail shops, 71 transactions were recorded this year, with a turnover of more than 30 billion yuan. The most notable is that Link (00823) sold 12 of its stores to Gem Capital for 12.01 billion yuan earlier. In addition, the industrial building has also recorded 51 major transactions this year, involving about 27.28 billion yuan.
Huang Hancheng, the chief executive of Midland Industrial and Commercial Services, said that the major transactions since the beginning of this year were mainly concentrated in the first half of the year. As the Sino-US trade war intensified and the stock market fluctuated, the investment market sentiment deteriorated, and large-volume transactions in the second half of the year also fell sharply. He continued to refer to the fact that there are still a number of large-scale transactions in the market that are currently being negotiated. If the property is fully rushed to change hands before the end of the year, this year’s major trading figures are expected to remain similar to 2017.