Hong Kong Property Index said that property prices in the first half of the year rose by about 8.8%
However, the recent progress in Sino-US trade war negotiations has repeatedly added uncertainties to the market. Although the property market is plagued by external economic factors, Hong Kong’s low interest rate environment is expected to continue, coupled with strong rigid demand, support for the development of the property market. The survey conducted by the bank in July found that nearly 60% of the respondents believed that the property market trend was stable and steadily in the future, which was about 6.3 percentage points higher than the quarter. This reflects the cautious and optimistic view of the public on the property market. Some citizens are planning for the second half of the year. When the property price increase slows down, it enters the market.
Li Zhicheng, the chief executive of Hong Kong Property Management, expects that property prices in the second half of the year will not rise as much as the first two quarters, and property prices will rise in a narrow range, with an increase of about 5%. With the emergence of a number of large-scale new discs in the second half of the year, and maintaining the sales strategy of offering prices to the market, it will absorb a lot of purchasing power, and the increase in the number of first-hand registrations in the whole year is expected to outperform second-hand. As for the second-hand side, it is expected that after the results of the new phase of home ownership in the second half of the year, the purchasing power will be released, and the HOS will have the opportunity to return to the low-priced private property market and stimulate the property market. Among the many sectors, the luxury residential market can be seen as a high-end, because the demand is large, but the supply is small, and it is highly sought after by funds.
Central and second quarter housing department commissions more than 1.2 billion
In the first half of the year, the property market was booming. The second quarter commission of Zhongyuan Real Estate was 1.245 billion yuan, and the commission for the first half of the year was 2.41 billion yuan. The commission for the second quarter of the Central Asia Pacific was 1.52 billion yuan, and the commission for the first half of the year was 2.94 billion yuan. According to the profit bonus distribution mechanism, Zhongyuan Real Estate’s full-line logistics will be awarded 0.63 months and 0.9 months (director level or above) bonus in the second quarter of 2019.
In the first half of the year, Zhongyuan Real Estate’s full-line logistics will be awarded 1.23 months and 1.8 months (director level or above) bonus
Chen Yongjie, vice president and head of the residential division of Centaline Property Asia, said that the property market has a good tone, the long-term shortage of private property market supply, and the US opportunity to cut interest rates this month have brought stability factors to the property market. In the third quarter, first-hand and second-hand transactions will fall by 30% from the second quarter. Property prices will also be lowered by 2% to 3% in the third quarter.