In the past two months, the social turmoil has enveloped Hong Kong, but it has not yet had a major impact on the price of residential properties
Property prices are still at a high level. However, retail sales were sharply reduced. The July transaction fell 30% month-on-month, which dragged down the rent. Some people in the industry estimate that the core area will be inserted up to 20% within six months.
According to the comprehensive market information statistics of the Central Plains (Industry and Commerce), the sales of industrial and commercial shops began to fall for three months in May. In July, there were only about 325 transactions, a decrease of 25.1% compared with 434 cases in June. Among them, the store business fell the most, falling by 35.4% in July to only 53 cases, only three more than the most quiet February this year.
In the same period, leasing transactions increased. In July, the industrial and commercial shops recorded 1,652 rental transactions, which rose by 10% per month, also the most in the past three months.
Pan Zhiming, the managing director of Zhongyuan (Industrial and Commercial), pointed out that since the implementation of the lease requires several months of consultation, the number of transactions from June to July does not reflect the actual market conditions, but the investment-oriented business shop has been obviously Due to recent social events, the volume of transactions has shrunk.
Pan Zhiming believes that continued demonstrations and demonstrations have hit the retailers the most, especially in the core tourist areas where business is done on Saturdays and Sundays. Rents are inevitably falling back. It is expected that in the next three to six months, shop rents will be 10%. To 20% decline.
The rent increase in the Minsheng District will also end, and it will be rampant for a while. As for the office market, the Central and Central Ring Road and the Admiralty have a greater impact. In addition, due to the trade war, the rents are expected to be lowered in a narrow range.
New hot sale, high price
In terms of residential property market, there were nearly 1360 transactions in the first-hand market in July, which was 12% less month-on-month. However, several new sales have been sold since June, such as the Henderson Real Estate Tseung Kwan O Sunrise Cancun Phase 7B. GRAND MONTARA was on sale on the first day of June, and the entire 504 group was cleared.
Ying Jun (00041) The first batch of 238 gangs in Tai Po, Pak Shek Kok, Tai Po, was sold out on the first day of sale at the end of July. New World (00017) Yuen Long, Jia Yuan International (02768) and the Shengyu Group’s Tuen Mun Jing Yu are all over 90% on the day of the sale.
Ten major housing estates have reached new lows this year
In addition, the top ten housing estates recorded only 120 transactions in July, a decrease of 4 (3.2%) from June. The transaction volume fell for 4 months and hit a new low this year.
Since the beginning of June, the CCL trend of the Central Plains City leading index, which reflects second-hand property prices, has been repeated. The index has risen four times in the past 8 weeks, and the latest CCL fell slightly by 0.1% from the beginning of June.