20 on the car park valuation is steady more than half to stop falling
The bank’s valuation of second-hand housing estates has stabilized. Among the 20 boarding estates, more than half of the housing estates have not been lowered. As for the housing estates that have been lowered, the weekly decline is less than 1%.
Second-hand trading has shown signs of recovery, and property prices may temporarily stop falling. The newspaper surveyed the valuation of 20 boarding estates. More than half of the estates’ valuations fell for the second consecutive weekend, including Sha Tin Riverside Garden, Ngau Tau Kok Fortress Garden and Amoy Gardens. Valuation performance is rampant, such as the valuation of 2 houses in Xingang City, Ma’anshan, which has remained unchanged at 5.72 million yuan for 4 consecutive weeks.
In addition, the evaluation of the Jiahu Villa in Tin Shui Wai was also upgraded. For example, the middle-floor unit of 2 bedrooms was estimated at 4.72 million yuan, up by 90.30 million yuan last week, up by 2%.
8 estates are downgraded by less than 1%
On a weekly basis, the valuation of 8 housing estates was lowered, with a drop of less than 1%, ranging from 10,000 to 30,000 yuan. When the decline was the most urgent, it fell sharply by more than 100,000 yuan per week. For example, a high-rise 2 bedroom unit in the first city of Sha Tin, the latest estimate of 5.54 million yuan, down 30,000 yuan last week, down 30,000 yuan, an increase of 0.5%. In November last year, the unit valuation fell 2% a week, from 5.97 million yuan, to 5.85 million yuan, down 120,000 yuan a week.
In addition, the Central Plains Valuation Index (main bank) CVI latest report 18.88 points, compared with 8.20 points last week, up 10.68 points per week, is the first time in two and a half years. The index is approaching 20 points, ending at a low level of 10 points for 10 consecutive weeks.
Huang Liangsheng, senior co-director of the Central China Real Estate Research Department, pointed out that the property market is improving and the transaction volume is increasing. It is expected that the CVI trend will be significantly higher. It is expected to challenge 50 points in the New Year.
Property prices have a chance to stop falling, and banks have responded accordingly. Second-hand unit valuations have stabilized. There is a chance to prepare for the traditional second-hand market after the Lunar New Year holiday to gain more mortgage business.