Raw materials prices next year, an increase of 10% lower than this year

The property market is hot and Centaline Property predicts the price of property will continue to rise by 10% next year, down from 17% for the full year this year. The major factor is the impact of the rate hike. It is expected that the first-hand volume will reach 20,000 and hit a 14-year high.

Central Plains Real Estate Asia Pacific Region Chairman and Chief Executive Officer Wong Wai-hung said that next year’s private residential property prices rose about 10%, although 17% lower than the full year this year, the most important thing is to reflect a larger base of property prices, coupled with the impact of US interest rates, However, it is expected that there will be sufficient risk management among local buyers. The rate hike will have a limited impact on the first two quarters of next year while the rent will maintain an annual increase of 8%.

First-hand turnover of 20,000 cases 14 years high

Volume, the volume of next year, first-hand volume expected 20,000, a 14-year high, involving an amount of 2,600 billion yuan, a record high, while the second-hand next year expected about 40,000, similar to this year, turnover of about 300 billion Yuan, will hit a 6-year high.

In the meantime, the big hand property market is in active trading with the shops in the industrial and commercial shops, including the form of share transfer. The turnover in 2017 is expected to reach 220 billion yuan and will further increase to 240 billion yuan next year, setting a record high for two consecutive years. Total property turnover next year reached a total of 800 billion yuan.

Huang Liangsheng, senior co-director of Centaline Property Research, also said he expects the Centa-City Index (CCI) to reach 173 points next spring.