Non-residential property prices hit a record high of 5 years last year

Investment property sales performed well. In 2017, non-residential properties recorded more than 18,000 non-residential properties with a value of 165.4 billion yuan. Both figures hit a new five-year high.

Mr Lee Chi-shing, chief executive of Hong Kong home ownership business, said the property market was booming and the performance of the associated non-residential properties was “fairly standard.”

According to the latest information from the Land Registry, in respect of the year 2017 (as at December 21), the number of non-residential property registrations totaled 18,766, involving an amount of about 165.415 billion yuan, up from 14,384 cases and about 96.857 billion yuan in 2016 , Representing an increase of approximately 30.5% and approximately 70.8% respectively, and a record high of 5 years.

Commercial transactions increased by 92% 92

The number of commercial buildings registered a year-on-year increase of nearly 30%. The number of annual registrations registered the largest increase. In 2017, it recorded 2,000 registrations, representing an increase of 91.9% as compared with 1,042 in 2016. The registration amount involved in the same period amounted to approximately 36.256 billion yuan, About 27.227 billion yuan in 2016 increased by 33.2%.

The increase was followed by that of the industrial buildings. In 2017, 4,941 registrations were registered, representing an increase of 68.3% as compared with 2,936 in 2016.

In addition, the amount involved in the same period of registration amounted to approximately 33.632 billion yuan, representing an increase of approximately 40.7% from approximately 23.906 billion yuan in 2016.

Booth 1875 turnover increased by 43%

On the other hand, the number of shops registered 1,875 in 2017, representing an increase of about 43.2% as compared with 1,309 in 2016. Which involved more than 21 billion yuan worth of retail sales of its flagship shopping malls. As a result, the registration amount was raised to about HK $ 62.086 billion over the same period, representing an increase of 1.87 times as much as that of the total sales of about 21.644 billion yuan in 2016, an increase of more than the registered amount.

For pure car parking spaces and other categories, 9,950 registrations were registered in FY17, representing an increase of 9.4% as compared with 9,097 in FY16. The registration amount involved for the same period amounted to approximately HK $ 33,441 million, representing an increase of approximately 38.9% as compared with FY2016 annual revenue of approximately HK $ 24,080 million. .