50 indicator housing estates practical price fell for five consecutive months
The price of second-hand residential property continued to fall from a high level. According to the data of the Lijiage Real Estate Research Department, the weighted average price of the 50 indicator housing estates in Hong Kong in December 2018 was lower than 14335 yuan, down 0.7% month-on-month. After falling for 5 months, it fell 6.3%. However, Liao Weiqiang, president of Lijiage Real Estate, said that there is no further bad news in the market. The market outlook is expected to be cautiously optimistic. It is expected that the price of the 50 index housing estates will have a chance to stop falling or even rise slightly.
High level fall, only 4.3% in the whole year
Liao Weiqiang pointed out that the practical price of the 50 indicator housing estate in 2018 was 15,303 yuan, a record high in July, which was 11.3% higher than the 13744 yuan at the end of 2017. However, the annual increase in the number of deposits has narrowed to only 4.3%.
The price of the three districts in Hong Kong remained weak in December 2018. The practical price of the eight indicator housing estates on Hong Kong Island fell by 1.1% to 18,188 yuan. The practical price of the 21 indicator housing estates in Kowloon also fell by 1.3%. , reported 15545 yuan. The practical price of the 21 indicator housing estates in the New Territories is $12,035, down slightly by 0.1% month-on-month.
Of the 50 indicator housing estates, 25 recorded a monthly decline in December 2018, with an increase of 17 and the remaining 8 were not available for comparison in November or December 2018. The Licheng Garden in Tsuen Wan is the most vulnerable housing estate, with 11.2% rushed per month and a practical price of 10281 yuan. The second is the Tsuen Wan Centre in the same district. In December 2018, the actual price was reported at 11,560 yuan. 9.3%.
However, in December 2018, there was also a practical price for the price of the housing estate. The price of the Tai Hing Garden in Tuen Mun rose above the $10,000 mark and was reported at 10,594 yuan. It rose by 9.8% per month to the 50 estates, followed by Hung Hom Harbour. Haoyuan, the practical price rose 8.9% to 17322 yuan.
Liao Weiqiang said that after a wave of price cuts in the property market, there was no further bad news in the market. There was not much room for second-hand owners to reduce the price. In addition, the recent Sino-US trade negotiations seemed to have made progress, which made the market atmosphere slightly more optimistic. The price of the 50 indicator housing estates this month has a chance to stop or even rise slightly.
However, the volume of second-hand housing estates is expected to be under pressure due to the new low-priced customers. The volume of this month may fall another 10%.