Midland Materials Industrial Building prices fell this month

Midland Materials Industrial Building prices fell this month

The increase in trade friction between China and the United States in May also has an impact on the cost of industrial buildings in Hong Kong. Midland Industrial and Commercial Services (00459) pointed out that the Midland Industrial Property Price Index (MII), which reflects the price of 50 industrial buildings in Hong Kong, rose only 0.8% in May this year and is expected to decline in June.

Midland Industrial and Commercial Shop statistics on the performance of industrial buildings in 10 major districts. In May, 7 districts recorded an increase. The average price of Tuen Mun’s construction area was 3,463 yuan, up 2.6% month-on-month. District, but the amount is the lowest among the 10 districts; the Tsuen Wan District also rose by 1.2%. The performance of Wong Chuk Hang was flat on a monthly basis, while the “Hung Hom and To Kwa Wan" (hereinafter referred to as Hung Hom) fell by 1% month-on-month and Sha Tin also fell slightly by 0.1%.

Best performance in Chai Wan District in the first 5 months

In the first five months of this year, Chaiwan District performed the best, with an average price increase of 6.1% during the period of the average price and 2.8% for the Hung Hom District, which was the worst performance in the first five months.

Mei Wei’s industrial and commercial director Chen Weizhi said that in the past few months, there was a new market dismantling of industrial buildings, which drove the market sentiment. However, the Sino-US trade disputes warmed up in May, which reversed the market conditions. The contradictions in the society also caused many investors to wait and see. attitude. Chen Weizhi said that the first five months of industrial and commercial property price index rose only 0.2%. If it falls back in June, it will offset the remaining increase in the first half of the year, making the total performance in the first half of the year flat.