Ten major housing estates bought and sold in October, a record low of 22 years
According to the information of the Central Plains Real Estate Research Department, the second-hand sales and purchase contracts for the top ten blue-chip housing estates in the past 10 months were recorded at 101, with a total value of 763 million yuan, compared with 125 in September and 1.14 billion yuan. , down 19.2% and 33.1% respectively. The number fell below the 107 low in November 2015, which was the record low of more than 22 years since the record was recorded in January 1996. The amount was more than two and a half years since March 2016, which was 629 million yuan.
Huang Liangsheng, senior joint director of Zhongyuan Real Estate explained that the registration in October reflects the market conditions during the period of September. The market has a strong wait-and-see atmosphere, property prices have softened, second-hand transactions have remained quiet, and multiple new sales have distracted. As a result, the ten major housing estates fell for six months.
Among the top ten housing estates, Kingswood Villas recorded the largest number of transactions in October, with 23 records, with a total value of $114 million. This was followed by the first city in Sha Tin, which recorded 21 cases with a total value of 127 million yuan. Laguna City recorded 10 cases, ranking third, with a total value of 0.84 billion yuan.
The second-hand purchases of the remaining seven estates were registered in October: Mei Foo New Village (9 cases, $72 million), South Horizons (8 cases, $78 million), Whampoa Garden (8 cases, $74 million), Tai Koo Shing (7 cases, $78 million), Huijing Garden (6 cases, $56 million), Kornhill Garden (5 cases, $46 million) and Xinghua Village (4 cases, $35 million).
Taikoo City’s turnover fell the most
The number of purchases and registrations in six estates last month was lower than that in September. Among them, the number of Taikoo City fell the most, falling by 61.1% month-on-month. The number of the Haiyi Peninsula fell by 46.7% month-on-month. The sales of Kornhill Garden, Mei Foo Sun Chuen, Xing Hua Cun and Kingswood Villas also fell by more than 10%, down by 44.4%, 35.7%, 33.3% and 17.9% respectively. However, the number of transactions in Laguna City, Whampoa Garden, Sha Tin City 1 and Sceneway Garden increased by 11.1%, 14.3%, 31.3% and 100.0% respectively.
However, in the first ten months of 2018, the registration of second-hand sale and purchase contracts for the top ten blue-chip housing estates was 2328, with a total value of $19.322 billion. The amount has exceeded the total for 2017, which is more than the total of 17.296 billion yuan in the whole year of last year, and temporarily hit a four-year high of 19.416 billion yuan in 2014. The number of cases in the first ten months of this year was slightly lower by 2.5% or 59 compared with 2,387 cases in 2017.
As for the past weekend, the second-hand property market continued to be quiet. Liao Weiqiang, president of Lijiage Real Estate, said that the company only recorded 2 transactions, and the second-hand market continued to be sluggish. There are about 3 transactions in the statistics of the Midland Branch. As for the top ten housing estates in Central Plains, only one transaction was completed on weekends.