Public housing sales hit a record high last year, recording 1.213 billion transactions

Huang Liangsheng, Senior Co-Director of the Central China Real Estate Research Department, pointed out that the number of transactions in the second market of public housing in 2018 was temporarily recorded at 469, with a total value of 1.213 billion yuan, compared with 480 and 1.116 billion yuan in 2017. Weighed 2.3% and rose 8.7%. The number is slightly softer, still the third highest in history, and the amount is the highest in 19 years since the record in 2000, and reached the level of more than 1 billion yuan for three consecutive years. Reflecting strong demand from users, it stimulates active public housing transactions.

In terms of the amount of money, the second-market transaction in the public housing estates with a value of more than RMB 3 million in 2018 increased the most, with 101 records, up 57.8% year-on-year. The number of transactions with a value of 2.5 million to 3 million yuan was 153, up 36.6% year-on-year. However, the turnover of $2 million or less and $2 million to $2.5 million recorded a decrease of 88 and 127 respectively, down 47.9% and 5.9% year-on-year.

Of the top ten public housing market cases in the past 10 years, 8 were completed in 2018. In September last year, a low-rise unit in Huagui Village, Aberdeen, recorded a transaction price of 4.5 million yuan, a record high.