The property market was dragged down by a number of unfavorable factors in the market
The price of the top ten blue-chip second-hand housing estates in this month was down by month. Among them, the Ap Lei Chau Peninsula was down to 11.4%, while the New Territories on the first floor of Sha Tin was the average. The price also recorded a drop of nearly 10%.
The average price of the top ten housing estates in August
According to market information, the average price of the top ten housing estates in August fell by 2.8 to over 11%. The price of the Haiyi Peninsula fell from about 18,802 yuan at the end of last month to about 16,650 yuan. This month, Haiyi temporarily recorded 8 transactions, one more than the whole month in July.
Xinducheng trading fell 64%
Zhongjing Lu Jinghao said that the current Haiyi owner’s asking price has dropped. The admission fee for the two-bedroom households starts from 8.5 million yuan, which is about 8 to 10% lower than the peak. The transaction price during the Taikoo Shing in Quarry Bay was about $19,789, which was about 5.1% lower than that in July. The transaction volume was only four, which was the lowest since September last year.
About 80 second-hand sales were temporarily recorded in the top ten housing estates in this month, which was about 120% lower than that in July. The number of transactions this month is also expected to be the lowest after October last year. The largest decline in trading volume during the period was the Tseung Kwan O New Town. Only 5 transactions were recorded, which was about 64% less per month.
The property market is weakening, and luxury homes are also required to be shipped at a price. Some senior investors reduced the price by 3.5 million yuan to $31.5 million for the four-bedroom high-rise four-bedroom home on the No. 19 Mid-level Trail in Ho Man Tin, with a price of 20,102 yuan and a low market price of about 10%. The unit has a saleable area of 1,567 square meters. The original owner purchased it in ○ nine years and now has a profit of 6.67 million yuan.