Laguna City outperformed by 13% during the year

In the past year, the property market rose first and then fell

Although it was hit hard by social unrest in the second half of the year, it still recorded an increase throughout the year. Of the top ten indicators of second-hand housing estates, nine continued to rise in property prices, and three more than 10%. Among them, Laguna City, Chaguoling rose more than 13%. However, the future economic trend is not optimistic. People in the industry believe that the real estate market will “see the truth” after the middle of next year, and the annual decline can be as high as 10%.

Said Wangchao Ling Laguna City rose more than 13% per square foot this year, the strongest among the top ten housing estates.

Second-hand property prices

The Central Plains City Leading Index, which reflects the price trends of major second-hand housing estates, rose to a historical high of 190.48 points in the middle of this year. Low.

Subsequently, the government introduced new mortgage insurance measures, which brought about a short market rise of only about one and a half months. Until the latest report of 179.18 points, the higher level was nearly 6% lower, but still a 2.7% increase from the end of last year.

At the same time, the private housing price index released by the Rating and Valuation Department has risen continuously for the first five months of this year, reaching a record high of 396.9 points. After that, the trend has been declining to 376.1 points in October, which has continued to fall for five months. It was about 4.6% higher at the end of the year.

Blue chip property trading up 6%

As of mid-December, ten major blue-chip housing estates recorded a total of 2,222 transactions this year, an increase of about 6.1% compared to the whole year of 2018, and the largest number of 437 cases were recorded in Kingswood Villas, Tin Shui Wai. Six of them have traded more than last year. Quarry Bay Taikoo Shing, Kornhill and Laguna City have increased by about 20% or more. The average saleable price per square foot of the nine housing estates during the period was also higher than the end of last year, with an increase ranging from about 1.6 to about 13.5%.

In fact, this year’s urban mid-price properties performed better. Laguna City temporarily recorded 161 transactions, about 21% more than last year. The average price per square foot rose to about 14,461 yuan.

Zhongyuan Hong Jinxing pointed out that the low interest rate environment continues and the cost of housing supply has decreased. In contrast, users believe that buying a property is more cost-effective than renting a property, thus speeding up market entry. However, the estate currently has only about 50 listings for sale, with two-bedroom units starting at $ 7 million.

Property prices on the Haiyi Peninsula, Ap Lei Chau, Hong Kong Island have seen sharp rises in property prices. The latest average price per square foot rose by approximately 12.8% year-on-year to approximately RMB 17,034. The number of transactions this year reached 213, about 17% more than in the whole of 2018. The bank Lu Jinghao said that the project had 380 listings and a 533 square foot two-bedroom unit with an entrance fee of 8.3 million yuan.

Second-hand property prices in some areas rose in 1919 driven by the new market. According to Liu Hao of Hong Kong Real Estate Co., Ltd., because of the sale of a number of first-hand sales in Tseung Kwan O, the second-hand market was returned to customers. Among them, about 5 million to 6 million yuan of listings were the most beneficial. It is understood that the average price per square foot in Metropolitan City in the region recently reported at approximately 16,633 yuan, an increase of approximately 11.4% over last year.

Only Yingwan Garden’s foot price fell

In contrast, Tung Chung Yingwan Garden has performed poorly this year, with the average price per square foot falling by about 1.6% to RMB 10,477. It is the only indicator housing price to fall. During the period, the transaction volume increased by about 14.3% to 176. Li Jia Court Guan Tengda pointed out that recently the transaction of the property was concentrated in the three-bedroom house with a lower price per square foot. On the contrary, the two-bedroom house with a higher price per square foot was not recorded for sale, so the average price was lowered.

Looking forward to the property market trend next year, senior investor Wu Longfei believes that driven by demand and coupled with bank seizure of mortgage business, after the Chinese New Year next year, there will be a small spring in the property market, transaction volume will increase, and property prices will also rise steadily. However, during the period of May and June, all the weak economic factors began to emerge. Many owners chose to cash out and the new supply also increased at the same time. It is expected that the property price will decline until the end of the year, when the buyers will enter the market. .


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