September property price fell 1.4%, two-and-a-half-year decline, medium-sized unit led the decline, analysis refers to the short-term trend continues to soft

The property market accelerated adjustment. The private property price index fell by 1.4% month-on-month, which was the biggest decline in more than two and a half years. The medium-sized unit led the decline, and fell 1.9% month-on-month to underperform the market. According to the analysis, the decline in property prices has not been completed, and the trend continues to be soft in the short term.

The private property price index released by the official Rating and Valuation Department, the latest September report of 388.8 points, fell another 1.4% month-on-month, falling for two consecutive months, a cumulative decline of 1.5%; and the monthly decline in September was also Since February 2016, the biggest decline in more than two and a half years (nearly 31 months) has also confirmed the adjustment trend of the property market.

5 category unit property prices down the whole line

The five types of units, which were divided into different areas, fell across the board and also appeared for the first time since February 2016. Among them, the medium-sized units in category C (utilized area 753.5 to 1,075 square feet) led the decline, down by 1.9% month-on-month, underperforming the market, the decline was the most since January 2016, 32 months; The range of 1,076 to 1,721 square feet also recorded a 1.6% decline, reflecting the decline in property prices in medium and large flats.

With the adjustment of property prices in the past two months, the property price increase in the first nine months of this year has narrowed to 10.2%, and the three types of units with an area of ​​753.5 square feet or more have narrowed to less than 10%. For example, a luxury residential unit with an area of ​​more than 1,722 square feet has only increased by 3.95% in the first nine months of this year.

Taikoo City 3 rooms 16.3 million return to last year’s level

In fact, the recent decline in the price of the mid-price building continued. For example, Taikoo City in Quarry Bay had 3 flats earlier, with a price reduction of 1.7 million yuan or 9.4%. It was finally sold at 16.3 million yuan, with a practical price of 22,000 yuan. It fell to the level of November last year; and the Mei Fung New Village in Lai Chi Kok also had 3 flats, with a price reduction of 3.8% or $650,000 and eventually sold out at $16.35 million.

The most popular housing estate price index, which is the main source of the blue-chip housing estates, was up by 33.14 points, down by 1.34%, and the New Territories Estates fell by 1.54%. 1%.

Huang Guangyao, managing director of Wheelock Properties, said that in the first half of the year, the market has absorbed a lot of purchasing power. Property prices have also risen by more than 10% this year. Therefore, it is healthy to consolidate. He predicted that property prices will not drop significantly. It is expected that the price will be recovered early next year, and property prices will continue to rise steadily.

Lin Haowen, executive director of the Leifang and director of the valuation and consulting department, said that there will be a slight adjustment in property prices in the next three to four months. It is expected that the market performance will be better and the second-hand market will be quieter, but it is believed that property prices will not appear. In 1997, “the cliff-like decline” is expected to maintain a 10% increase in private property prices this year.