The annual turnover of the 10 major housing estates was reduced by half

The annual turnover of the 10 major housing estates was reduced by half

Second-hand property prices fell from high levels in the middle of the year. The newspaper reported that the top 10 housing prices fell by half. The price of the Ap Lei Chau South Horizons fell 18% from a high level, down 3.1% year-on-year, ranking first in the decline. The overall transaction volume was 1,782, 8.2% lower than the previous year, or a record low.

Local banks raised interest rates, global stock market volatility and Sino-US trade wars were faltering. The three major uncertainties affected the second-hand property prices to soften in the fourth quarter of this year. The small owners reduced their prices and the property prices in the first three quarters were evaporated. The newspaper reported that the price of the top 10 housing estates in 2018 (as of December 30), the price of five housing estates fell by year, ranging from 0.5 to 3.1%.

The price of Haiyi Peninsula fell the most, mainly due to the reluctance of high-quality homeowners to sell. In December, the five price reduction transactions were all non-first-line sea view households with flat prices, and the first floor households were sold at a price of 13,133 yuan. The average price of December was reported to be 14,831 yuan, down 3.1% from 15300 yuan in the same period last year.

Jiahu price is up 1.5% year-on-year

In addition, in December, two two-bedroom property prices were insured at 8 million yuan. However, there is already a low-level 2-bedroom household in the market, with a price of 7.8 million yuan, reflecting that the mentality of small owners is still weak, and property prices will continue to soften. In addition to the most significant year-on-year decline, the Haiyi Peninsula’s December price was also 18% lower than the June peak of 18,054 yuan. In terms of the high level of decline, it is also the largest of the 10 largest housing estates.

The other five housing estates with rising prices have increased by 0.2% to 3.9%. Compared with the Jiahu Villa in Tin Shui Wai, which attracted the attention of the trainees, the price of the latest price was 9,600 yuan, up 1.8% month-on-month. The price of the stimulus price finally recorded a 1.5% increase year-on-year.

This year’s turnover has a record low

Property prices have fallen, buyers have low intentions to enter the market, and trading volume has also fallen. In 2018, the number of transactions in the 10 largest housing estates was 1,782, a decrease of 8.2% compared with 1,942 in 2017. The second-hand transaction volume was 1,861 cases in 2015, which also means the volume of 2018, which has the opportunity to hit a record low. In 2018, the trading volume in Changsha Bay, Changsha Bay fell the most, with 31 transactions recorded in the year, down 57% year-on-year.

As regards the performance in December, 106 cases were recorded in 10 major housing estates, one more per month, and no transactions were recorded in Kornhill Garden, Quarry Bay. Four housing estates reported a drop in price, and the price of the company was reported at 15,718 yuan, down 5.4%.

On the last weekend of 2018, Centaline Property and Midland Realty pointed out that there were 4 transactions in 10 major housing estates and 2 more in the week. For the Li Kwai Court Real Estate and the Hong Kong Property Estate, one transaction was recorded (the statistics of the various estates are different). The number is low and the second-hand market conditions remain quiet.

The industry expects that the new market will be posted in the second-hand market next year. The purchasing power will be concentrated in the new market. Unless the landlord increases the price reduction, the trading volume in the first quarter of next year will remain weak. The monthly turnover of the top 10 housing estates will average around 100.