After the Yuen Long attack, the market in Tuen Mun and Yuen Long was generally calm
Most of the real estate agents were operating as usual. However, the property market in the district was still very quiet. The number of flats plummeted by 70%. If the situation continues to deteriorate, the inner building will continue to deteriorate. There is still room for price reduction.
The number of buildings in Tuen Mun, Yuen Long, dropped by 70%
It is understood that although the real estate agency branches in Tuen Mun and Yuen Long District open their doors as usual, the agent admits that most of the employees were free of charge yesterday. Both the new and the old customers were undecided and the time was postponed. The small owners believe that political events are only a temporary impact, and there are not many cases of willingness to cut prices.
Moreover, the temporary recorded price reduction cases are only normal adjustments. For example, the high-rise room C of Jinhui Building has a usable area of 305 square feet. The owner originally requested a price of 4.4 million. The price was reduced by 100,000 yesterday and sold for 4.3 million. However, the silver owner’s valuation is only 3.66 million yuan, reflecting that the owner’s asking price is still aggressive, so the second-hand trading in the region is still in a frozen state.
Agent temporarily abandoned second-hand focus on new disk
On the other hand, netizens initiated this week’s “Recovering the Yuen Long" parade, laying a ground for further inspiring contradictions. It is expected that until the end of this month, the second-hand property market in Yuen Long District will be difficult to pick up. If the situation continues to deteriorate, the second-hand property prices in the region will face more pressure and there will be a chance to call back 5% in the short term.
In fact, many real estate agents have abandoned the secondary market and concentrated most of their energy on the new market, as the demonstration units of the new projects in the district are far away from the demonstration areas. For example, the PARK YOHO primary market has recorded transactions for two consecutive days, of which 23A is low-rise. Room A, with a usable area of 495 square feet, was sold yesterday at $71.55 million.