Property prices were weak, dragging rents down. Central Plains real estate statistics on its new leases
data show that in October 107 large private residential housing estates in Hong Kong, the average effective rent of the district recorded 36.2 yuan, down 2.2% month-on-month, the largest decline over three and a half years, and the rent from July After returning to the historical high of 37.9 yuan, it immediately entered the adjustment stage, and even fell for three months, and the decline continued to expand, from 1.1% in August and 1.3% in September to 2.2% in October, with a cumulative decline of 4.5. %.
Medium raw materials continue downward
Huang Liangsheng, senior co-director of the Central China Real Estate Research Department, believes that the rental trend will continue downwards and is expected to return to the low of 35.6 yuan in February this year. The current average rent is 36.2 yuan, which is only 1.6%. Huang Liangsheng added that the last rent adjustment period began in September 2018 and fell for six months. From the high of 37.8 yuan to the lowest of 35.6 yuan in February this year, the cumulative decline was 6.2%. By March this year, rents rebounded. It returned to historical highs in only 5 months, and it rose 6.5% during the period.
For the top ten blue-chip housing estates, the average rent for the first floor of Sha Tin City in October was 41.5 yuan, down 2.4% month-on-month
the rest of Taikoo City fell 2.3%, Meifu New Village fell 2%, Laguna City fell 1.8%, and Jiahu The property fell 1.3%, the Haiyi Peninsula fell 1% and the Kornhill Garden fell 0.5%. As for the Xinghua Village, it rose 1.3%, the Huangpu Garden rose 2.8% and the Huijing Garden rose 4.6%.