Second-hand private home sales in the second quarter are expected to rise by more than 30%
in the first quarter of second-hand private home sales, the volume and price of the second-hand private homes have risen. The expected positive factors continue to rise, and the related volume in the second quarter is expected to rise by more than 30%.
According to the latest data from the Land Registry, a total of 7 957 second-hand private home transactions were recorded in the first quarter of 2019, a 54% increase over the 5170 cases in the fourth quarter of last year, which was a rebound after two consecutive quarters. In terms of total value of transactions, the first quarter of this year rose by 43% quarter-to-quarter, recording 63.032 billion yuan, a decrease of nearly 32% from the last quarter of last year’s 92.298 billion yuan.
It is worth noting that in the first quarter of this year, the average second-hand private house registration involved about 79.215 million yuan, which fell for two consecutive quarters, falling below the 8 million yuan mark, down 7.4% quarter-to-quarter, and compared with 900.42 million yuan in the third quarter of last year. The historical high level is 12%.
In terms of property prices, among the nine property price groups, the increase in the registration volume was mainly concentrated in the four value groups from the medium to the medium to high prices, with an increase ranging from 52% to 71%. Among them, the registration volume of the group with the value of 7 million to 10 million yuan increased the most. In the first quarter, a total of 1716 registrations were recorded, up 71% quarter-to-quarter.
The largest number of transactions were registered in the middle and low price groups with a value ranging from $5 million to $7 million. During the period, there were 2365 registrations, an increase of 66% quarter-to-quarter.
Jiahu Villa is the best seller
Analysed by housing estates, 789 transactions were recorded in the top 10 most successful estates in the first quarter, which was more than double (108%) than the 379 in the fourth quarter of last year. The largest increase in the number of registered registrations in the quarter was the South Horizons, which was registered by 19 registrations in the fourth quarter of last year and surged 2.68 times to 70 in the first quarter. In addition, Sha Tin City, Mei Foo Sun Chuen, Tai Koo Shing and Whampoa The Garden, Amoy Gardens and Laguna City all recorded more than one to two times the increase. For the Kingswood Villas, 135 registrations were made to outperform other estates. The number of the best-selling estates was the highest, and