The storm of amendments that has lasted more than half a year has significantly curbed property prices
According to market news, as of December 23, there were 40,700 second-hand residential registrations in 2019, a decrease of about 5.8% from 43,300 last year. According to Midland Real Estate Data and Research Center, according to the current trend, this year may reach a new low of nearly 3 years.
According to the data from the Comprehensive Land Registry of the Midland Research Center, the top ten housing estates registered this year were Jiahu Villa, with 531 recorded
Kingswood Villas is the only housing estate that has broken through 500 cases of second-hand cases this year, but it is 46 fewer than last year. The second to fourth place estates are the same as last year, but the rankings have changed. Among them, the first city in Shatian climbed from the third place last year to the second place this year, with 375 recorded temporarily, which is about 6.2% higher than last year. The Mei Foo New Village rose from the fourth place last year to the third place this year. 336 cases were recorded temporarily, but still about 1.5% less than last year. As for Discovery Bay, which fell from the second place last year to the fourth place this year, 302 cases were recorded temporarily, about 22.2% less than the previous year. The decline was also the top ten this year. The largest among the most active estates.
Second-hand registrations mixed
Liu Jiahui, chief analyst of Midland Realty, pointed out that among the ten housing estates, the number of cases has been mixed year-on-year. Based on the number of recorded declines, in addition to the aforementioned Discovery Bay, Jia Hushanzhuang also fell by about 8% year-on-year; Huangpu Garden, Park Island Bay and Mei Foo Sun Chuen were down by 2.9%, 2.5% and 1.5% year-on-year respectively.
Of these 10 housing estates, the number of cases in the Haiyi Peninsula increased the most year-on-year, rising by approximately 21.6% year-on-year, and 259 cases were temporarily recorded, jumping from the ninth place last year to the sixth place this year. As for Laguna City and Yingwan Garden, the number of cases increased by 9.0% and 8.3% year-on-year, respectively, and both ranked among the ten most active housing estates this year. Among them, Laguna City has risen from twelfth place to ninth place this year, and Yingwan Garden has also risen from eleventh place to eighth place this year. In addition, Shatin City One and Taikoo City also increased by 6.2% and 3.6% year-on-year respectively.