July private building price index rose 16 months to a new high
According to the figures released yesterday by the Rating and Valuation Department, Hong Kong’s private residential price index for July was 336.8 points, up by 0.09% month-on-month, for 16 consecutive months and continuous 9 months new high. The rent index, the private residential rental index in July was 183.2 points, up 0.2% monthly, hit a new high and rose for 8 months.
According to the Rating and Valuation Department, the price index rose 19.6% in July from a year-on-year basis, up 9.6% in the first seven months of this year, with small and medium-sized units with an area of less than 752 sq ft. Did not increase, only 0.088% increase, but up 20% year on year. As for the July private residential rent index, up 9.3% year on year, the first 7 months of this year rose 5.5%.
Midland Real Estate Chief Analyst Liu Jiahui said that property prices rose further this year, especially in the first half, leading to the recent quasi-buyers chase the weak, and wait and see market outlook. However, he said that as the Hong Kong economy picks up, such as retail sales rose for five consecutive months, the unemployment rate hit a three-year low, and the government to increase this year’s economic growth forecast is evident, plus the market this year The United States to raise interest rates is expected to cool, I believe that low interest rates continued, the property prices at the end of the strong and then on.
Second – hand deal with low level of wandering
Liu Jiahui continued to refer to, with the first eight months of property prices have risen more than 9%, part of the prospective buyers chasing ability is limited, coupled with the new disk to seize the purchasing power, second-hand trading low level hovering. He cited second-hand residential turnover refers to the June low see 2702 cases, the expected July and August also failed to break through the 3000 level, that is, less than 3,000 months for three months.
The average selling price in the Kowloon area and the New Territories in the New Territories is slightly lower in July, but the New Territories still has $ 4.79 million, while the Kowloon area will have $ 5.1 million and accumulate about 7% to 10 %. On the Hong Kong Island side, the purchase of a “plate” average price of more than 6.45 million yuan, more than in June more than 22 million, this year to accumulate nearly 14%.