The new disk slowed down this month, the transaction was temporarily suspended for half a year
Global stock market volatility, coupled with the government’s implementation of the new housing policy, the new disk sales slowed down, this month temporarily recorded about 1,000 transactions, the lowest in the past six months, the transaction amount is less than 10 billion yuan, the least since February. In the past two days, 13 transactions were recorded, a 32-week low.
7 discs should be sold in less than 50%
Negative news floods the market, and Hong Kong may raise interest rates again in December. Developers’ property prices are still at a high level. This month, as many as seven new discs are being sold, including a number of large-scale projects such as Yuen Long Estate. More than 2,100 people are on sale in the oil ponds of Hoi Ha Wan and Tuen Mun Choi Ho, together with some surplus units. The only private residences were temporarily recorded for about 1,000 transactions (as of the 28th), with a sales ratio of less than 50%, a record low of 620 transactions in April.
The first round of sales of several new discs was slow, except for Tuen Mun Shangyuan, which sold less than 10,000 yuan to attract passengers. The proportion of individual new discs sold was about 30% to 40%. The sale of the project is mainly for small and medium-sized units, and the transaction amount is only about 9.7 billion yuan, which is the new low after the traditional off-season in February this year.
Stock market volatility, buyers are dispelling the market
The target customers of the new disk launched this month are mainly the boarders. Due to the fluctuation of the stock market, some of the buyers’ funds have been stuck, or they think that the market will continue to fall and take a wait-and-see attitude to dispel the idea of buying property.
The new housing policy requires at least 20% of the units to be launched and sold at a maximum of 5 sales arrangements. Developers cannot create a prosperous market with “squeezing toothpaste”. They can only introduce units according to regulations and slowly let the market digest.
Professor Zhai Riming, a professor of marketing at the Chinese University, said that the market is currently in an unclear period, and the property market is still subject to change. The Sino-US trade war, interest rate hike cycle and RMB depreciation all affect the buyer’s mentality. Most investors are worried about the current market entry. Will “touch the top”, so take a wait-and-see attitude. It is expected that the market environment will be clear after the meeting between China and the United States in November, and the current property market adjustment is still healthy.
Two days on weekends, only 13 transactions
In addition, about 13 transactions were recorded in the past two days on Saturday and Sunday, which is a new low in 32 weeks, including the re-launch of the new land (00016) Tsuen Wan Form (6 groups) and Tseung Kwan O Jin Hai II (19 groups). Out of a group.
In addition, New World (00017) Xiying Panyu also sold top-level open-end households for 8.256 million yuan. The utility area is 216 square feet, and the price is 38,222 yuan. There are still 3 groups for sale.