27/11/2017-10

Property Prices “19 Rising” Top 10 Months Broken Top 11% Industry Materials Interest Rates hike Property market growth may slow down

The price index for private developments continued to rise. According to the data from the Department of Construction and Overvaluation, the selling price index of private buildings in October rose even for the first time in a row to a record high for 19 months, the longest rise after 1997, while the monthly increase also increased to About 0.53%, summing up In the first ten months of this year, property prices soared by about 11.39%. Insiders said that in recent months, the new hot plate, the market has consumed a lot of purchasing power, coupled with the interest rate hike cycle is now in place to curb property prices up space expected future property prices will slow down or even have the opportunity to fall from highs.

Newspaper real estate group

According to the latest statistics released by the Rating and Valuation Department, the selling price index for buildings in October this year stood at 3,424 over the previous month, which was an increase of 19.3% It broke the highest for 12 consecutive months and hit a new record high, the longest record since 1997. The increase was also at 0.53%, a marked increase from the previous month.

The longest wave since 1997

In fact, the property index has started to pick up since March last year and has risen to 26% in the past 16 months. If compared with the high level in September 2005, the current property prices have also risen by about 10% One hundred and eight. In the first ten months of this year, the property price index also increased by 11.39%.

As for the more popular index of selling more popular properties, the latest index at 209.8, surging more than 0.9% month-on-month, hitting another all-time high. Compared with the high level in August 2005, Higher by about 11.2%. When classified by region, the New Territories popular index of selling prices of estates, the latest at 279.5, increased by about 0.1% monthly, which was 0.4% higher than that of the urban area.

Rental rose even higher in 18 months

In addition, the index for rents in October was 187.1%, up by about 0.43%, reaching an all-time high of 18 in the same period. During the year, the rent index rose more than 8.1%. If Compared with the increase in property prices over the same period, we can see that the rent increase is obviously not as good as that of property prices.

In October, the monthly rent index for all types of flats, with subtle increases in gross units of 471 square feet or below, showed the strongest upward trend in a single month of about 0.8%. The larger unit’s However, the rent index dropped completely. Among them, the unit area of ​​1,076 to 1,721 square feet was down by 0.89%.

Yang Jong-yong, general manager of Jiujian Urban Affairs and Sales Department, said that this year’s new plate proactively promoted sales and consumed a lot of purchasing power. In the next quarter, the property market will have to be “唞 唞 唞.” In the case of a slowdown in trading volume, there may not be too many Activation of the property market factors, property prices will remain stable until the second quarter of next year will usher in the next round of upward.

Pan Yongxiang, a senior lecturer in the Department of Building Science and Technology at City University, said that given the slight increase expected in the property market, the increase in property ownership would be expected to increase. As a result, the psychological impact will gradually emerge, affecting people’s desire to enter the market, Price increases may even turn down. He predicts that the government administration will implement a large network next year which will have a considerable impact on property prices.

Increasing supply of households the most pressure

Pan Yong-hsiang said that in response to the sustained housing demand in the market, the government vigorously pushed for the supply of protection in recent years. However, if the government’s policy on subsidized housing is gradually implemented next year, coupled with the interest rate hike cycle, it will not rule out the market demand for private residential flats Decline, second-hand plate and the new disk will be greatly reduced the amount of absorption, property prices will then fall, of which the largest amplitude nano-floor.

He explained that property prices are now at a high level. Only members of the public can buy Nami Towers to enter the stairs. However, if there is a drop in property prices, more people will be able to buy two-bedroom units without having to buy the Nile Tower.

Economist Guan Zhuozhao said that in recent years, new hot sales led to the rally in second-hand property prices. Coupled with the widespread expectation of property prices, property prices will continue to rise. As a result, the unit will not be easily disposed of. As a result, the second-hand market continues to suffer a shortfall, The market demand for home continued, promoting property prices continued to rise.

Ms Kwan predicts that with property prices soaring in the past, the market has absorbed a lot of purchasing power and property prices are already at high levels. Property price increases are expected to continue to slow in the coming months and the surge may not be too great. However, if In the face of the stock market decline and other factors, do not rule out property prices have a slight downward adjustment.