10 big housing estates estimate 4 back to last year’s level
In the second half of the year, the Bank’s valuation has become more cautious. The newspaper has tracked the changes in the valuation of 10 large housing estates in the past year. Four estates have been re-evaluated to the level of last year. The New Territories has a more rapid decline in the housing estates. The year fell more than 8%.
Hong Kong officially launched a rate hike cycle at the end of September. Due to the trade war and the global economy, the investment climate of the property market weakened. The banks turned their optimism into a prudent attitude towards the market outlook. The valuation of private housing estates rose from the rise to the third and fourth quarters. . The statistics of the valuation of 10 large housing estates in the past year have not been recorded. The four estates have not recorded positive growth this year, which is about 0.6 to 8.5% lower than the same period last year. The three are in the New Territories. The courts, especially the small and medium-sized units, have been quick to rise in the past and the rate of callbacks is also urgent.
Xinducheng 708呎 valuation fell 8% year-on-year
Tseung Kwan O is one of the major towns in the new year, and the housing estate is under pressure. Take the G room of the 4th floor of the 1st phase of Tseung Kwan O Metro City, for example. The unit was valued at 9.25 million yuan at the end of last year. It continued to rise in the first half of this year and rose to a historical high of 10.23 million yuan in late July. The price is about 14,400 yuan. However, after the announcement of the interest rate hike by local banks, the valuation began to fall below the threshold of 10 million in early October. Until yesterday (December 26), the estimate was only reported at 8.46 million yuan, down by 1.77 million yuan or 17% from the high level, and fell back to the first quarter. It also fell 8.5% year-on-year.
The rest of the estates returned to the end of last year, including Tin Shui Wai Kingswood Villas, Sha Tin City One and Aberdeen South Horizons. For example, the E-room of the middle floor of Block 6 of Kingswood Residence in Jiahu Mountain, Tianshuiwei is a 457-square-foot two-room apartment. The unit recorded a total of 4.95 million yuan at HSBC at the end of last year. It reported 4.64 million yuan yesterday and the annual valuation fell 6.3%, compared with the end of August. The high position was 5.68 million yuan, and the callback was about 18%.
The Hong Kong Island and the Kowloon City estates have strong resilience. Some of them, such as Taikoo Shing, Quarry Bay and Mei Fung San Tsuen, Lai Chi Kiu, have also recorded an increase of 4 to 8% on an annual basis.
Some people in the banking sector said that cold winds have affected the use of second-hand trading. The valuation of estates has been “estimated” from the beginning of the year to “insufficient valuation” in individual housing estates in the fourth quarter. It is estimated that the property market will continue to fluctuate next year and bank valuations will fall with market conditions.