Rate hikes affect second-hand housing funds transferred to second-tier housing
The first weekend after the United States raised interest rates again, 10 major housing estates recorded 12 transactions, hovering for 10 weeks in a row for 5 weeks, reflecting the fact that the rate hike has not affected the buyer’s mentality yet. Funds transferred to second- and third-tier housing estates and stimulated Tai Po Garden No. 8 with a new high of $ 4.3 million.
Rate hike in line with market expectations, has little effect on second-hand sales. According to the information of Centaline Property, the bank recorded the performance of sale and purchase of 10 large estates. After the rate hike, 12 transactions were recorded in the first weekend, rising and falling on weekly basis and above 10 for 5 consecutive weeks. The average transaction was evenly distributed in Tai Koo Shing, Quarry Bay, Lantang Laguna City and Tung Chung Ying Wan Park recorded two transactions in total. The only ones available were Ap Lei Chau South Horizons and Whampoa Garden in Hung Hom.
As for Midland Realty, 11 transactions were recorded, one for every week. Hong Kong Properties pointed out that the weekend recorded 4 cases, 3 cases less weeks. Ricacorp real estate record 13 cases, no ups and downs by the week (the agency statistics different housing estates).
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Reduce the disk source, high quality unit asking price is high, there are some buyers transfer less than the quality of the disk. In the past weekend, two lower-level flats were sold in Taikoo Shing, with an average price of about $ 14,000 to $ 15,000 per square foot, which is about $ 18,000 lower than the average price per square foot in the estate.
The deal included the lower Wing F, Wing Lok Court, covering an area of 945 square feet and was rented by the same district for $ 13.75 million at an average price of $ 14,550.
Secondly, a unit facing Kwai Chung Road flyover at Mei Foo Sun Chuen, Lai Chi Kok was sold at a value of less than $ 6 million. The unit is Unit C, Lower Ground Floor, 17 Broadway, with a salable area of 446 square feet. It is a room-to-suite room with 2 rooms separated for sale at $ 5.52 million at a price of $ 12,377. The original owner entered the market in 2014 with 4.15 million yuan, holding more than 3 years, 1.37 million yuan profit, the unit appreciated 33%.
Funds transferred to second-tier and third-tier housing estates, stimulating Tai Po 8 Garden 1 room flats property prices hit a new high. The Acting Director pointed out that there were 3 high-rise H rooms in the estate with a salable area of 333 square feet and sold this weekend at $ 4.3 million at a price of $ 12,913 per square foot.
Annual sales record of 700 billion yuan
Near the end of the market trading will start to slow down, Centaline Chan, president of residential real estate pointed out that the Christmas approaching, the festive atmosphere, coupled with secondary sources narrowed, expected second-hand market this month will continue to slow down trading.
Bu Shaoming, chief executive of Midland Realty Residential, believes that the property market will continue to be positive and the buying power will emerge next year, supporting the rise in property prices.
In addition, the Central Plains Real Estate Research Department pointed out that the registration of sales and purchase of building units (including residential, parking spaces and industrial and commercial shops) recorded a total of $ 666.28 billion for the full year, setting a new high of 7 years. It is expected to record 700 billion yuan for the whole year and a record high of 30 Year after year, second only to 868.802 billion yuan in 1997.
Among them, 37,773 second-hand private residential properties have been provisionally recorded, the figure has hit a three-year high and the transaction value has reached another two-year high of 283.6 billion yuan, a five-year high.