The property market has fluctuated under the tension of the social situation
In a short period of time, it has been revived and turned downwards. According to the data of the Lijiage Real Estate Research Department, the weighted average practical price of the 50 indicator housing estates in Hong Kong in October this year was 14,657 yuan, down 0.4% month-on-month, reaching a new low of 8 months. The overall average price has fallen for 5 months. If compared with the historical high of 15,593 yuan in May, the property price will fall by 6%. As for the first 10 months of this year, the cumulative increase in property prices has narrowed significantly to 2.4%.
Liao Weiqiang, president of Lijiage Real Estate, said that the price of the 3 districts in Hong Kong was carefully observed
In October, it recorded a drop of 2 liters per share. Among them, the weighted average practical price of 21 indicator housing estates in the New Territories still fell by 1.1% to $12330. The average practical price of 21 indicator housing estates in Kowloon was reported at $15,836, up slightly by 0.1% month-on-month. The average practical price of the eight indicator housing estates on Hong Kong Island also rebounded by 0.3% to $18,636.
Among the 50 indicator housing estates listed on the watch list, the housing prices that fell last month accounted for 23 or 46%
The real estates with significant declines in the real estates, including the Sai Wan Ho Kingsway, the Olympic Station, the Park King Wan, the Tseung Kwan O Centre and the Tsuen Wan Centre, recorded real declines of 11.7%, 10.4%, 6.1% and 4.7% respectively. The index housing estates, which are more significant in terms of the increase in property prices, include Cheung Sha Wan, Sheung Wan Estate, Tai Po Tsui, Tai Po Tsui, Tai Po Tsui, Tai Wan Tsui, and Tsuen Wan, Sheung Wan, respectively. The monthly increase was 8.6%, 7.6% and 5.8 respectively. % and 5.1%.
In fact, the trading volume of the 50 indicator housing estates was stimulated by the policy address to ease the mortgage restrictions. In the end of October, a blowout rebound was made. In October, a total of 663 cases were recorded in the whole month, the most in the past seven months.
Liao Weiqiang pointed out that the relaxation of the first mortgage has once caused the second-hand trading volume to rise. However, after the first week of November, the social situation has turned sharply and the buyer’s intention to enter the market has been greatly reduced. Therefore, Liao expects that this month’s 50 indicator housing estate Trading volume will drop by at least 30%; and property prices are expected to fall within 1%.