50 housing estates average price of 1.52 million fell 0.8%

Last month’s second-hand market trading fell month by month, and property prices also saw a slowdown. According to the data of the Lijiage Real Estate Research Department, the average price of the 50 indicator housing estates in Hong Kong in July was 15278 yuan, which was broken for 18 consecutive months, but the monthly increase was 0.8%, which is close to 9 The least in months.

Liao Weiqiang, president of Lijiage Real Estate, said that the current second-hand property price has continued for 28 months, with a cumulative increase of 40.4%. In the first seven months of this year, it has also risen by nearly 11.2%. The second-hand average price in July was 15278. Yuan, compared with the previous high of 12,243 yuan in August 2015, about 24.8% higher.

Among the 50 target housing estates in Hong Kong, there are 29 housing estates which have been raised in price. Among them, the increase in the Tai Kok Tsui and the Tai Wai Festival are more significant, up by 8.1% and 6.1% respectively. The number of housing estates was 20, with the most significant declines including the Sai Wan Ho Kings Bay and Ma On Shan Sunshine City, which fell by 7.7% and 7.4% respectively.

New World trade volume fell 38%, the most hurt

The turnover of the 50 indicator housing estates also dropped significantly last month. Only 409 transactions were recorded in the whole month, which was 34.5% of the 624 cases in June, and reached a new low in the past 11 months. Among the three major districts in Hong Kong, the volume of transactions in the New Territories fell the most, dropping 38.2% to 188 on a monthly basis.

Liao Weiqiang expects that there will be a slight decline in the price of second-hand housing estates this month. The decline in trading volume is expected to surge, and even rebounded to 450 to 490.