Although the Sino-US trade war is becoming more tense and the social movement continues to deteriorate, commercial properties still have a bearing power
Yijing and other cooperative development of the Fortune Plaza, 38, Wai Yip Street, Kowloon Bay, property B C, E1, E2 paved the first floor J shop, with a total area of 3,689 square feet, with a price of about 90 million yuan, the price of 24,397 yuan, the new buyer is an investor. In addition, the Land Registry information shows that Shop F68, 1/F, Siu Tak Plaza, Mong Kok, has an area of 131 square feet. It has recently changed hands by $1.38 million and the price has been reduced to $10,534. The original owner purchased the purchase price of $3.2 million in 2009 and held the goods for 10 years. The book eclipse is 1.82 million yuan or 57%.
In addition, according to the statistics of the government’s residential property temporary sale contract, the number of residential transactions in the first two months (July and August) in the third quarter was 8,889, and the volume in September is expected to be about 4,500. There are about 13,389 cases in the whole quarter, which will be 20,675 in the second quarter of this year. It is expected to decrease by 35% quarter-to-quarter.
The owner of the first floor plaza lost 1.82 million
As for the trend of property prices, Tao Yu-hung believes that if social conflicts continue, property prices will fall by another 5% to 10% from the end of the year to now. It is expected that residential property prices will “hit and rise" throughout the year, but the more popular housing estates. Courts such as Hong Kong Island East Taikoo City, etc., due to strong rebound, this year’s transaction price can still record an increase.
DTZ’s property prices fell by 10% at the end of the year. DTZ’s property investment market temporarily recorded 30 transactions of more than 100 million yuan
involving 10.6 billion yuan, compared with 66 cases in the previous quarter. 100 million yuan, a quarterly decrease of 55% and 69% respectively, is believed to be due to the political turmoil and social conflicts in successive months, which has made investors tend to wait and see.