Last month, 10 large housing rental transactions fell 22%
After more than a month into the off-season, the rent of large blue-chip housing estates began to recover. The rental turnover of 10 large estates plummeted by 20% on a monthly basis while the rent remained at a high level. The industry believes that the quiet rental market, reflecting the public confidence into the market, rent to buy more cases.
Recorded only 284 the most calm after January
According to statistics from the Central Plains Real Estate Frontier Branch, the 10 major estates recorded a total of 284 rental transactions in November, down 22% from 363 in October, the quietest month since January this year. Chen Yongjie, Vice Chairman and Residential Department of Centaline Property Asia Pacific, pointed out that apart from seasonal factors, another reason for the rental market turning away was that after the government announced the policy address in October, members of the public became more confident in property purchase and the number of sublet-to-buy cases increased . Take the case of City One in Sha Tin, for example, 34 transactions were recorded in November, but only 25 were leased.
As regards rent, the rents of the 10 major estates remained at high levels. For example, Quarry Bay recorded only 40 rental transactions last month, but the average rental fee was $ 44 per sq. Ft., Up 4.8% over the month. Mainly due to the fact that a number of high-priced rental transactions were recorded in the market, pushing up rents. For example, the Hailin Court H storeroom is 1,114 square feet in usable area. It was rented at a monthly rent of $ 58,000 and a rent of $ 52 a month, Level.
City One rent 25% off the whole month 2.9%
Although statistics show that the rent of large housing estates is ostensibly declining, the agent emphasizes that the average rental market in the estates is uneven. Taking First City in Sha Tin as an example, it recorded only 25 transactions and an average rent of $ 40 2.9% month drop. The main reason for this is that five of the cases recorded in the previous month were flat flats and flat units. For example, 33 middle-level A rooms, with a usable area of 820 square feet and a monthly rent of 28,000 and a fee of only 34 yuan.
On the other hand, market sources revealed that the high-rise N-room at 28 ABERDEEN ST in Central, with a practical area of 407 square feet, belongs to the 1-septoral septum. It was just rented out at $ 34,000 and the rent was $ 84 per sq ft. The owner acquired $ 15.15 million earlier this year , Rental return of about 2.7%.