Property prices have repeatedly hit new highs
Nano-family with a usable area of less than 200 square meters has become a hot commodity in recent years due to the relatively low entry fees. It has attracted buyers and even investors to buy, and the supply of nano-households has also increased. According to Jones Lang LaSalle’s data, 3,240 nanometer units are expected to be completed in Hong Kong from 2019 to 2021 (hereinafter referred to as the next three years), which is about 58% higher than the 2050 battalions from 2016 to 2018 (hereinafter referred to as the past three years). As for the nano-family completed in the past three years, the overall completion amount is about 3.8%, and it will jump to 5.1% in the next three years.
According to data from Jones Lang LaSalle’s Integrated Buildings Department, the proportion of private housing in the relevant years from 2014 to 2016 has been less than 2%, but the proportion has exceeded 4% since 2017
Last year, for example, about 21,000 people were completed in Hong Kong, of which about 1030 were nano- households, with a ratio of about 4.9%.
The bank expects that the number of private houses completed this year will be about 17,700, of which 960 are nano-units (about 5.4%); while this year alone, about 3,900 units have been completed, and 510 are households, accounting for 13%. As for the total number of private homes to be completed next year is expected to reach 26.3 million, the number of completed nano households will increase to 1,580, the proportion will be about 6%; in 2021, the proportion will drop back to about 3.7%. Looking at the next three years, the number of nano-units will increase by about 58% over the past three years.
In recent months, the market has also recorded cases of nano-household purchases
The newly released “Residential Sales Report” by Jones Lang LaSalle is based on the example of Tuen Mun New Panjing, which is known as the “Dragon Bed”, indicating that the disc was only sold last year. Two gangs were sold. As developers reduced their prices in recent months, some units cut prices by about 30%. The price of “close to the people” attracted buyers to the market, which led to the sale of 344 gangs this month and sold about 98% on the same day. Mo Kai-jie, a senior director of the Capital Markets Department of Jones Lang LaSalle, said that the increase in wages of the public is lagging behind the increase in property prices. The developer has to reduce the unit area to keep the unit price at a lower level so that more buyers can The burden, the relatively attractive price of the nano-family, thus attracting buyers to flock to the market.
Jones Lang LaSalle said that the market has to pay for the market
However, Ma Anping, head of the research department of Jones Lang LaSalle, said that there are certain risks in purchasing nano-units. For example, when the property market goes down, its price often underperforms the market, and second-hand owners must cut prices significantly to get out of the unit. Ma Anping believes that the outlook for Hong Kong’s property market is not good in the second half of the year. The overall property price is likely to fall by up to 5% throughout the year. The developer’s price of selling new nano-discs is more conservative, or dragging down the second-hand price of nano-units, thus underperforming the market.
In addition, Knight Frank’s latest “Hong Kong Monthly Property Market Report” pointed out that the trend of small and medium-sized residential property prices in Hong Kong often follows the changes in the Hang Seng Index, but it lags behind three months, although the overall residential property price rose by 10.4% in the first five months of this year. However, the Hang Seng Index has fallen by nearly 10% since May, and it is expected that small and medium-sized residential property prices will have an opportunity to adjust accordingly.