the United States and the United States Huang Jianye: property prices will see the top callback
The recent deterioration of Sino-US trade wars and the continuation of political events have affected the property market. Midland Group Chairman Huang Jianye said that unless the relevant incidents are resolved in the short term, property prices will peak and will fall back from the highs by about 5%. In the second half of the year, the trading volume will fall back. Among them, second-hand is becoming the hardest hit area. It is expected that the annual second-hand registration will only record about 40,000, which is worse than the SARS in 2003.
Huang Jianye said that at the beginning of this year, due to the easing of Sino-US relations, the US interest rate expectations slowed down. When the two external pressures went, the developers took advantage of the situation to speed up shipments. The new hot sales led to second-hand transactions, and the property prices broke through the highs. The city is only a “small-time”. During the mid-year Sino-US trade war, the local political events have been fermented. Under the double pressure, the Hong Kong economy has been in a fog and the property market has been closed.
Property prices fell by 5%
Looking forward to the market situation in the second half of the year, Huang expects that unless the Sino-US trade war and political events are resolved quickly, the price of the property will see a top correction in the short term. It is expected to fall by about 5% from the high level this year. Some units eager to sell have already reduced their prices. 10%, in the future, individual owners or expanding their booths will not be excluded in order to speed up sales. It is expected that small and medium-sized units will start to decline and then spread to large units and luxury homes. The price of the New Territories will be reduced first and then spread to urban areas. .
First-hand trading fell 40% in the second half of the year
As for the volume of transactions, he expects that second-hand transactions will fall in the second half of the year, and second-hand sales will become the hardest hit. It is expected that only about 40,000 second-hand registrations will be recorded in the whole year, and there is a chance to create a new low since the record in 1996. “Before SARS”, the primary market is also plagued by the deterioration of the trade war and political events. Developers have the opportunity to adjust the pace of the push. It is expected that the first-hand transaction will be slightly better than that of second-hand. It is expected that the first-hand registration will reach 19,500, that is, the second half. The number of first-hand registrations was about 7,000, which fell more than 40% from the first half of the year. It has the opportunity to hit a new low of about 5,316 in the first half of the year.
Earn 93.6 million in the first half of the year
Huang Jingyi, vice chairman of Midland Group, said that the trade war and political events have been attacked. The unemployment rate has rebounded. The price reduction has become the main theme of the future property market. Some owners are bearish on the market and actively lower the asking price. The number of price reduction orders in the market is increasing.
In addition, the company also announced its 2019 interim results. As of June 30, the revenue recorded approximately 2.897 billion yuan, an increase of approximately 3.3% over the same period of 18 years. The profit attributable to equity holders was approximately 93.6 million, compared with the same period of 18 years. It recorded about 150 million, down about 37.8%.