January industrial and commercial shop registered for three years low

Midland Industrial and Commercial Services (00459) Information Research Department’s Integrated Land Registry Information revealed that 332 industrial and commercial shop registrations were recorded last month (excluding internal transfer cases of over $1 billion), a new low of nearly three years, a decrease of 5.9% per month. Falling two months. Huang Hancheng, chief executive officer of Midland Industrial and Commercial Services, said that due to the long holidays of the Lunar New Year, many owners traveled abroad. I believe that the short-term investment in industrial and commercial shops is still at a low level.

According to the type of property, 93 stores registered last month, a sharp increase of 40.9% on a monthly basis; 170 registered in the industrial building, 12.6% more on a monthly basis; only 69 registered in a commercial building, a 49.3% decrease in monthly.

Huang Hancheng pointed out that due to the uncertain economic environment, the Sino-US trade war issue has not yet been resolved, which has a certain psychological impact on the market. Some investors and buyers have a wait-and-see attitude, and the pace of entering the market is prudent, which poses certain pressure on the volume of industrial and commercial shops. Last month’s registration figures mainly reflected the market conditions in December last year. At that time, it was the traditional off-season of Christmas long holidays. The decline in investors’ desire to enter the market also dragged down the registration volume.

Last month, the total registered value of industrial and commercial shops was about 18.372 billion yuan, which was the highest since January last year. It was mainly driven by the official registration of 12 malls with a total of 12.01 billion yuan from the Link Exhibition (00823). The total registered value of shops during the period was about 14.346 billion. Yuan, up 8.4 times on a monthly basis.