Jiaxia rose 1.6% month-on-month, and the average price of Tsim Sha Tsui was 16,000 yuan.
The rising momentum of the office market has strengthened, and the trading volume of Jiasha has also risen. The United States Industrial and Commercial Bureau Information Research Department issued a report that the price of Jiasha in April rose by 1.6% month-on-month. The total year-to-date price of Jiasha only fell by about 0.4%, which means that the lost land at the beginning of the year is expected to be fully recovered. Among them, the price of Jiasha in Tsim Sha Tsui rose by 4.3% month-on-month, and the average price rose above 16,000 yuan, breaking the lead.
Nearly lost in the beginning of the year
The report pointed out that in April, the turnover of the top 50 companies in Hejia reached a one-year high, while the price of Grade A commercial buildings also climbed. Among them, Tsim Sha Tsui took the lead in setting a new high. The average price of the company reached about 16,000 yuan, up 4.3% month-on-month. In summary, this year, the price of the district has accumulated a cumulative increase of 3.7%, outperforming the overall market. The report pointed out that the performance of the area was outstanding, mainly because (1) the high-speed rail was officially opened to traffic at the end of last year; (2) the commercial project at the West Kowloon High-speed Railway Station will soon be tendered. The market expects that the site will be sold at a high price; (3) Tsim Sha Tsui Commercial prices are still low, which is attractive to investors.
As for the index, the price also rose slightly by about 0.1% month-on-month. The price of Tsim Sha Tsui rose by about 3.0% month-on-month. It was also the best performing area. The latest average price was about $12,400 and the rate of return was about 3.1%.
Compared with the price trend, office rental performance is relatively backward, and can only be flat on a monthly basis. Last month, the average rents of the indicators of Jiaxia and Yisha were unchanged on a monthly basis. As rents have not followed the selling price, the rental yields of A and B have dropped slightly. For example, the most recent best-selling Tsim Sha Tsui, the average return rate of Jiasha is only about 2.9%, while the core area of Central and Admiralty, Jiasha The rate of return is about 2.4% and 2.2%.
Weng Hongxiang, Director of Operations and Commercial Director of Midland Industrial and Commercial Services, pointed out that apart from the rupture of Tsim Sha Tsui, the current price of the Central District is only about 1% from the historical high, with an average price of about $451,000, given the recent reversal of the Central Central Centre. The transaction does not rule out that the price of the Central Axia in the short term is expected to become the next high-tech area.