The market was hit by a number of factors, and the market for industrial and commercial shops gradually entered an adjustment period
Midland Industrial and Commercial Stores forecast that the overall transaction volume of the industrial and commercial shops fell by 20% from the first half of the year, and the cost also fell by about 15% year-on-year. In addition, the bunk market was the first to bear the brunt, with the Causeway Bay area having the greatest impact, which is expected to reduce the rent of the shop by about 25%.
Huang Hancheng, chief executive officer of Midland Industrial and Commercial Services, said that in the middle of the year, the political events in Hong Kong continued to ferment, which made the investment market worse. Based on the uncertain economic prospects, the volume of industrial and commercial shops in the second half of the year will fall by 20% from the first half of the year. About 2,300 cases mean that this year may fall to 5,200, down more than 40% year-on-year, and have the opportunity to hit a record low since the record in 1996. The transaction volume has fallen by 20% from the first half.
Rent in Causeway Bay fell 25%
Lu Zhanhao, director of Midland Wangpu, pointed out that due to the trade war, the depreciation of the renminbi and the political events, the current market situation is the worst after SARS. The market in the shop is the first to bear the brunt. The market has also recently recorded cases of eclipse. The increase in the price was the most significant. The largest impact was in the Causeway Bay area. It is expected that the rents of the shops in the area will fall by 20 to 25%. The selling price will fall by 10 to 15%.
Weng Hongxiang, Director of Operations and Commercial Director of Midland Industrial and Commercial Services, pointed out that the current market conditions are cowhide. The 50 major buildings have only recorded one transaction so far this month. This is more severe than the SARS in the current year. If the factors are continued to ferment, it is expected to be in the coming year. At the end of the year, the cost of building a building has a chance to fall by about 30%.
50 big Jiaxia only one transaction this month
Mei Lian Industrial and Commercial Director Chen Weizhi expects that the transaction volume of tiered factories in the second half of this year will fall by 20% from the first half of the year. As for the rent, it is expected to fall by 5%. The selling price is relatively affected by the investment climate and is expected to fall by 5% in the second half. To 10%; if the market conditions continue to deteriorate, it is expected that the price of industrial buildings will fall another 20% before the end of the year.