Hong Kong Property Index for 14 consecutive months in a row in December soared 14.8% year on year five contained the most powerful

As property prices continue to rise, the latest property price statistics released in December 2017 by the Rating and Valuation Department (VaD) show that the overall price index for private residential homes was reported at 352.8, up 1.4% MoM for 21 consecutive months Recorded an increase of more than 14 consecutive months. On a year-to-year basis, the selling price index in December last year rose 14.8% YoY, the largest annual increase in nearly five years since 2012. Real estate executives expect that property prices will still be on the rise in 2018, but the growth rate will slow down.

Uninterrupted rise in 21 industry data slowed

According to the data compiled by the Dafa Department, the selling price index rose 1.4% in December from a single month in December last year. It was the largest one-month increase in nearly eight months after a monthly increase of 2.7% in April last year. In the first half of last year, property prices rose about 9.3%, narrowing the growth rate in the second half of the year to about 5%. However, in the full-year calculation, the index in December last year surged 14.8% over December 2016 to 307.4, far exceeding that of 2016 The year-on-year increase of 7.9% was the most urgent year for property price rise in the past five years since the surge of 25.7% in 2012. Small and medium-sized flats dominated the upward trend. Small and medium-sized flats with a usable area under 1076 square feet were outperformed by a year-on-year increase of about 15% last year. Large flats with a usable area of ​​1076 square feet or above only gained about 11.2% .

Under the tide of property prices, many private residential estates hit new highs last year. According to the statistics of property prices in 50 major private housing developments in Hong Kong, Ricacorp Real Estate Research Department recorded an average of 22,000 sq ft (about 44%) estates in December last year (in terms of salable area). Among the 21 New Territories housing estates included in the statistics, 13 (about 61.9%) broke their average foot prices in December last year. The average foot price of YOHO Town in December last year was about $ 14,600, up 21.4% ; The first city of Sha Tin Indicators Estate Shatin is the fifth consecutive month the highest price in Ft. In December last year reached 15,400 yuan, a year-on-year rise of 17.1%.

Property Manager Chen Hai Chao Real Estate is expected, property prices continued to hit a new high, the future average price per square foot broken roof is expected to further increase the number of estates; the above 50 estate Yu Tian Shui Wai Kingswood Villa has not yet reached 10,000 yuan, he believes this year Six months, the estate also exceeded 1 million mark.

Analyzed by Michael McCarthy, an associate professor of finance and decision-making at Baptist University, interest rates are still at a low level. Bricks (property) continue to be a welcome investment. In recent months, the stock market rose to bring wealth effect. Some people turned capital from the stock market Transferred to the property market. Coupled with the recent record high land sales prices by the government, land prices rose in a month. However, as the global economy faces many challenges this year and property prices have also risen sharply, Mr Mak estimated that there is still an upward momentum for property prices this year. However, the slowdown has led to an increase of about 5% in property prices in the first half.

Rent the first 10 months to break through the peak

Lam Hau-wen, Knight Frank’s senior director and head of valuation and consulting, said that at present, property prices are high and there is some risk in the housing market. However, there are no major factors that have caused property prices to plummet in a short period of time. The rate of increase slowed down and the upward trend is expected to concentrate in the first half of the year. He pointed out that due to the current “stock market” boom, we believe the property market will show a “small spring” after the Chinese New Year. Property prices for small and medium-sized homes are expected to rise by 5% for the whole year and luxury homes will be able to catch up behind with a rise of 8%.

In addition, data from the Dafa Department show that the index of rents for private residential flats also hit record highs. The overall rental index for December was reported at 187.3, up 0.3% month-on-month for the first time in a row, up 13 consecutive months and breaking the ceiling for 10 consecutive months. The year- At 7.9%, the biggest 5-year increase after a year-on-year increase of 11.3% in 2012.