More than 20 million yuan, only 2898 transactions in luxury homes fell 30% year-on-year

Continued to be affected by the Sino-U.S. Trade war and social movements

The property market has not performed as expected this year, and the transaction volume of luxury homes has also declined sharply throughout the year. Although the transactions in the first half of the year were stable, the second half of the year was dominated by political and economic factors. Compared with last year, the number of cases has greatly decreased. Among them, there were approximately 2898 transactions with a turnover of more than 20 million this year, a year-on-year decrease of more than 30%. It is expected that the overall luxury home sales and value this year will be the lowest in three years after 2016.

The unfavorable factors of the Sino-U.S. Trade war continued to ferment this year, coupled with a series of uncertain events such as social movements and the economic downturn in the second half of the year, the transaction of luxury homes began to slow down severely in the third quarter, which in September fell to only 93 transactions. The transaction value was 4.679 billion, a record low of 43 months after 72 cases in February 2016. In terms of overall transaction volume throughout the year, both the transaction volume and the amount recorded a year-on-year decrease. Among them, the number of transactions of more than 2,000 Marriott Houses during the year was 2,898, compared with 4,189 in 2018, a year-on-year decrease of approximately 31%.

The third quarter started to slow down severely

In the first quarter of this year, the overall luxury residential market remained stable, with 604 transactions recorded, and the related transaction value was 28.554 billion. Although the transaction volume increased by 15% quarter-on-quarter compared with the 524 cases in the fourth quarter of last year, the transaction value did not rise. The first quarter recorded a turnover of 28.554 billion yuan, down about 12% from the 32.614 billion yuan in the fourth quarter of last year. Secondly, the second quarter of this year was the hottest period of luxury house transactions, with 1,097 transactions recorded, of which the peak period reached 451 in May, but compared with the peak of 643 last year, it fell sharply by about 30%; and the second The quarterly turnover was 57.013 billion yuan, a slight increase of 2% compared with the same quarter last year.

The property market was dominated by negative political and economic factors in the second half of the year, and the luxury market was naturally unable to survive. In the third quarter, 545 transactions were recorded, and the transaction volume decreased by 50% quarter by quarter, which was the worst quarter of this year. There are signs of recovery, with about 652 transactions recorded during the quarter, an increase of 20% quarter-to-quarter.

Southern luxury homes set Asian record

First-hand, in the second half of the year, social movements hindered developers from selling luxury homes, which greatly reduced the supply of new homes this year, and changed the practice of predominantly one-handed performance in previous years. Only 1,232 were recorded in one-handed transactions throughout the year, accounting for one-year transactions. About 43%, only the first two months of the first half of the first-hand transactions surpassed more than second-hand, of which 119 records of first-hand luxury homes registered in January, compared with 65 second-hand, 83% higher.

In terms of transaction value, the total turnover of more than 2,000 Marriott’s homes during the year reached 141.556 billion yuan, a 27% drop from last year’s 192.67 billion yuan. The turnover also accounted for more of second-hand transactions, recording 72.941 billion, accounting for about 52 of the annual turnover. %.

This year, more than 50 million first-hand and second-hand registrations recorded a total of about 621 cases, a year-on-year decrease of about 4% from the previous high of 650. Among them, the number of second-hand transactions rose instead of falling, recording a record-breaking 252 cases, which was higher than last year. The 246 cases were about 2% higher. Among the housing estates with more than 50 million second-hand residential registrations in Beishawan and Hongshan Peninsula, 8 cases were recorded together. In the first-hand luxury homes, 369 transactions were recorded with more than 50 million transactions, a decrease of about 9% from last year.

Properties in traditional luxury residential areas continue to have prices and cities. The top floor of Jiale Garden on the Peak is connected to rooftop households with an area of ​​2,659 square feet. It was sold for 280 million consecutive two parking spaces at a price of 105303 yuan per square foot.

In addition, Room D, 9th Floor, Peak MOUNT NICHOLSON Phase 3, which was jointly developed by Wharf and Nanfeng, and was sold by Wheelock Real Estate, was sold for 552.54 million yuan in December at a price of 115,000 yuan.

The stratified households in other areas are not in the same way. The characteristic households in Block B, Garden 1, No. 8 Deepwater Bay Trail, South District, developed by Nanfeng Group and Feng Resources, have an area of ​​7,568 square feet, and a private garden of 2983 square feet. 100 million transactions, the high price per square foot of 80,000 yuan, the transaction price set a new record for the Asian stratified households.

According to Liao Weiqiang, Chief Executive Officer of Lijia Pavilion, the overall first-hand market has experienced stable transactions in the first half of the year. As the demand for luxury homes is mainly concentrated in certain buyers, frequent social movements have begun in the second half of the year, which has drastically reduced the transaction volume. Tendency to sell at a good price, it is expected that the price of luxury homes will not fluctuate significantly.


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