the government relaxed the insurance restrictions and the owners were willing to reduce the price, which caused the transactions in the districts to rise sharply
Huang Liangsheng, Senior Co-Director of the Central China Real Estate Research Department, pointed out that in October 2019, the second-hand sales and purchase contracts for the top ten blue-chip housing estates were recorded in 200 cases, with a total value of 1.604 billion yuan, a significant increase of 61.3 from 124 in September and 923 million yuan respectively. % and 73.9%. The number is the five-month high since the 350th in May 2019, and the amount is the four-month high since June 1719, which was 1.76 billion yuan.
the registration in October reflects the market conditions during the September period
It shows that property prices have been adjusted. Some owners have reduced their prices to attract buyers to enter the market, which has stimulated the recovery of second-hand traditional housing estates. In mid-October, the government announced the relaxation of the mortgage insurance property price ceiling to increase buyers’ confidence in entering the market. The use of households has clearly released purchasing power. Second-hand trading has doubled. It is estimated that the registration of the top ten housing estates in November will surge.
Jiahu recorded the most purchase and sale registration
Among the top ten housing estates, in December, Kingswood Villas recorded the largest number of transactions, with 43 cases, with a total value of 244 million yuan. This was followed by the first city in Sha Tin, with 40 records, with a total value of 224 million yuan. Whampoa Garden is registered in 25 places, ranking third with a total value of 242 million yuan. The second-hand sale and purchase of the remaining seven estates in October were: Taikoo Shing (23 cases, 265 million yuan), South Horizons (19 cases, $204 million), Mei Foo New Village (18 cases, 144 million yuan), Laguna City (12 cases, 100 million yuan), Xinghua Village (9 cases, 0.84 billion yuan), Kangyi Garden (8 cases, 0.78 billion yuan) and Huijing Garden (3 cases, 20 million yuan).