25/9/2018-9

Commercial buildings in August 127 cases fell 23%

Under the Sino-US trade war haze and the summer off-season, the registration of commercial buildings has been relegated for two consecutive months. According to the Land Registry data, a total of 127 commercial building registrations were recorded in Hong Kong in August 2018, down 23% from 166 in July. In addition to a two-month losing streak, it hit a new low in the past five months. Under the continued plaguity of the negative factors, the registration volume is likely to remain low.

Our reporter comprehensive report

Xu Kangda, director of the real estate business, retail and investment department of Lijiage (Industry and Commerce), pointed out that in terms of the amount of purchase and sale of registration, in view of the large number of large-scale commercial building internal registration registrations in the previous month, the total value of commercial registration in August was monthly. It was only 1.936 billion yuan, a sharp drop of 92% from July’s 24.771 billion yuan, the lowest in 5 months, and the second lowest level in the year; even if the huge internal transfer amount of about 21.352 billion yuan was removed, the total registration amount The value still fell by about 43% on a monthly basis.

Wan Chai District dropped significantly by 38%

According to the price of the property, among the seven price groups, the number of registrations has dropped by more than a few. Among them, the large silver yards with a price of 100 million yuan or more have the largest decline, and the number of registrations in the month is 9 from the previous month. The decrease was only 89% in the previous month. Secondly, the registration of fine-priced groups with a silver code ranging from $10 million to $20 million and below $2 million fell by 57%, only 23 and 3 respectively. Zong, performance is inferior. In addition, in the registration cases of the top ten expensive commercial buildings last month, the registration of nearly 185 million yuan in Room 1104 on the 11th floor of Block 1 of the Admiralty Centre was the most eye-catching.

In addition, by region, among the 11 districts observed by the bank, the registration volume of 4 districts recorded a monthly decline. The Wan Chai District has dropped significantly by 38% from 8 in the previous month to 5 in the previous month. The two core districts in Tsim Sha Tsui and Central have also fallen by 24% and 20% respectively to 13 and 8 respectively. In addition, the number of observation areas which recorded a larger increase against the market was 1.33 times that of Sai Ying Pun and 2.33 times that of Kowloon Bay. Among them, the number of Kowloon Bay increased from 3 in the previous month to 10 cases. Driven by the cargo registration, there were 20 cases in Mong Kok District with the largest number of registrations, which also increased by 18% month-on-month.

The monthly turnover is down by 10%.

Xu Kangda pointed out that the development of Sino-US trade wars is fluctuating, which has dragged down the performance of the stock market. The market is currently watching the interest rate of Hong Kong interest rates for the first time in the past years. Both buyers and sellers are cautiously sawing, leading to commercial market transactions. The vote is getting quieter. It is expected that the weak atmosphere will remain in September. The registration of commercial buildings in the month will continue to be soft and consolidated at the low level. The monthly registration volume is expected to drop another 10% to a level of slightly more than 110.