Property price hot burst consecutive 18 months

The weather in Hong Kong has been very hot throughout the day and the property market has continued to “hot” like the weather! The Rating and Valuation Department announced that in April this year, the private residential price index reported at 375.9 points, hitting a new 18-month high and rising for the 25th consecutive month. Some analysts believe that with the birth of Kai Tak’s “New Land King” in May, Coupled with the hot new market conditions, it is expected that the break in property prices will continue.

According to the latest figures from the Rating and Valuation Department, as of April, the private residential sales price index stood at 375.9 points, which rose by 1.84 percent month-on-month and rose for the 25th consecutive month with a cumulative increase of 38.5%. In addition, the property price index has been consecutively 18 The month’s “broken” was the worst long-chained “broken” tour since the Department of Records was recorded. Among the various types of properties, the “more detailed and more expensive” remained, in which the selling price of category A properties (below 40 square meters) rose 1.94% month-on-month, with the largest increase; while that of Type B properties (40 to 69.9 square meters) rose on a monthly basis. 1.93%; Class C properties (70 to 99.9 sq.m.) increased by 1.38%; Class D properties (100 to 159.9 sq.m.) were flat by month; and Class E properties (160 sq.m. or above) increased by 0.15%.

Chen Haichao, head of the research department of Lijiage Real Estate, said that the last time the longest “topped off” period was the 18-month surge from April 2014 to September 2015, and this time it was “level record”; he said that Kai Tak “ The new land king was born last month. The market remains optimistic about the market outlook. It is expected that the rising property prices will continue. Even if Hong Kong has the opportunity to raise interest rates in the second half of the year, it is still difficult to stop the rising trend of the market for the time being. At most, the increase only slightly slows down.

Residential rent also rises for four months

In fact, the Bank’s statistics on the weighted average real prices of the 50 index housing estates in Hong Kong in April also recorded an increase of 1.6% on a monthly basis, reaching a record high of RMB 14,609. In Hong Kong Island, the performance of Hong Kong Island was the most significant. The weighted average real price of eight index housing estates rose by 3.6% in a single month to RMB 18,006, which was the first time to exceed the 18 million mark; the average price of 21 index housing estates in Kowloon was averagely used. Reported at 15,780 yuan, up 1.3% month-on-month; average real estate prices in 21 housing estates in the New Territories rose by 1.2% in a single month to 12,440 yuan. Chen Haichao believes that with the King of Lands effect, buyers are actively chasing prices into the market. It is expected that property prices in the index estates in May will still record an increase of between 1% and 2%.

Property prices have skyrocketed and many people who are unable to get on the train will withdraw for subletting units. The demand will increase.