Indicators, Axia, trading ice, 3 new records last month
The investment market atmosphere is general, and Grade A office sales are in a frozen position. According to the data research department of the Midland Industrial and Commercial Store (00459) and the US business data, only 40 transactions were recorded in the Grade A commercial building in December 2018, which is the lowest since the record. Summary In the whole year of 2018, there were 196 transactions in the top 50 Grade A commercial buildings, which was about 45% lower than the 356 cases in 2017.
Hong Kong Island first “glyphs"
According to the data, in December 2018, there were only 3 transactions in the top-grade commercial buildings, which was about 57% lower than the 7 in November. The three transactions included Kowloon Bay Corporate Plaza Phase 3, Kwun Tong Wan Tai Lei Plaza and Kwun Tong Chung Hoi Rien Centre. It was the first time that 47 Grade A commercial buildings recorded zero transactions. At the same time, all Hong Kong Island indicators Grade A commercial buildings have not recorded any transactions in a single month, which is also the first time in history.
In the whole year of 2018, a total of 196 transactions were recorded in the top 50 Grade A commercial buildings, down by about 45% year-on-year, of which only 62 were in the second half of 2018, and trading was greatly reduced compared with the first half of the year. According to the building, Shun Tak Centre, Admiralty Far East Financial Centre and Sha Tin Jingrui Plaza recorded 12 transactions in 2018, which accounted for the most transactions.
Weng Hongxiang, Director of Operations of the Midland Industrial and Commercial Department and Director of the Commercial Department, pointed out that the pace of trading in commercial buildings in the first half of 2018 was still stable. However, in the second half of the year, affected by the Sino-US trade war and stock market volatility, the trading volume began to slow down, but it is now widespread. The host cargo strength is stronger than before, so the overall price decline is not obvious.