Property prices rose nearly 15% last year, the biggest increase in 5 years December last year, 1.4% slowdown in the property market faster cattle

Property prices have been on the rise, with signs of “slow cow” evolving into “fast cow”. The CFA said that in December last year, the property price index rose 1.4% month-to-month, marking the largest increase in nearly eight months, while the cumulative increase of 14.8% for the whole year was the largest increase in nearly five years since 2012.

According to the Rating and Valuation Department, the latest index of private property prices in December 2017, the latest report at 352.8 points, rose 1.4% month-on-month, the largest increase in nearly eight months since April last year. The increase also registered an increase of three consecutive months, The property index also rose for 21 consecutive months, extending the longest record longest record, of which 14 months hit a record high.

Small units up strong outperformed the market

Meanwhile, property prices of various types of flats rose across the board in December. Among them, the category A flats, the smallest in area and less than 430 square feet, showed the strongest upward trend with a rise of 1.54% over the month, outperforming the broader market, followed by 1,076 to 1,721 square feet D for Class D and Class E for more than 1,722 sq ft, both showing an increase of 1.28%.

Concluding the year 2017 property prices rose 14.8%, the largest increase in nearly five years, the annual calculation, belong to the financial crisis in 2008, the rise for 9 consecutive years. Last year, small and medium-sized flats (area less than 1,075 square feet) were more prominent with a year-on-year increase of nearly 15%. Luxury properties lagged behind with a 5.4% annual increase.

Mai Cui, an associate professor at the Department of Finance and Decision Sciences at Baptist University, said that the recent property price increase was a seasonal factor. Buyers took advantage of the market before the Lunar New Year. Coupled with the recent boom in the stock market, the wealth boom was expected. As long as the stock market continued its upward trend, Will continue to accelerate.

In addition, Liu Jiahui, principal analyst at Midland Realty, pointed out that since the announcement of the policy address in October last year, the property market has become clearer and the market has seen more cases of breaking the roof. He expects property prices to register a 5% increase in the first quarter as the market continues to improve.

Last quarter of last quarter, zero case of negative assets

Property prices rise, negative assets disappear for four seasons. The HKMA announced yesterday that it continued to hold zero cases of negative equity in the fourth quarter of 2017 and recorded zero consecutive quarters. Central Plains Mortgage Brokerage Managing Director Wang Meifeng expects property prices by the steady rise of the year continued, I believe the next quarter will continue to maintain negative equity assets; meridian mortgage referral chief executive vice president Liu Yuan said that even if the market is expected this year, Hong Kong will Into the rate hike cycle, but the reservoir flooding continued, the overall market is still optimistic about the economy this year.

As reflected in the agency on the market sentiment expectations of the Central Plains broker index CSI, the latest reported 80.35 points, compared with 79.92 points last week rose 0.44 points, up through 80 points. The bank said that before the Spring Festival this year, the market conditions continued to improve, the price rise together to confirm the pre-Spring seasonal boom appeared early.