China and the United States formally signed the first phase of the trade agreement, reducing market uncertainty and boosting the atmosphere of the market
The property market has been active recently. The second-hand market has ushered in Xiaoyangchun. , With Wang Wang second-hand watchtower activities, to undertake good. With the deployment of new listings around the Chinese New Year, I believe the boom in the property market is expected to continue.
Local social events in Hong Kong have lasted for more than half a year, affecting the retail catering market. Investors are also more cautious, but local property prices have only slightly adjusted in the past six months, and no significant price split has been seen
Property prices in 2019 will still rise by about 2.5%. In terms of capital flow in the financial market, the balance of the Hong Kong banking system has remained at about 54 billion yuan. In the first 11 months of last year, total local Hong Kong dollar deposits increased by about 3%. In addition, the strength of the Hong Kong dollar in recent months has continued, reflecting that there are no signs of significant capital outflow in Hong Kong. New stocks have been listed in Hong Kong one after another. This shows that investors have confidence in Hong Kong’s financial system in the long run. Hong Kong follows a low tax rate and common law system. The status of an international financial center has not been shaken, and it supports the development of Hong Kong’s property market. With the continuous implementation of quantitative easing and decentralization by central banks in many countries around the world, if they hold a lot of cash, they will only face depreciation, and investment in properties will enjoy the return of asset appreciation.
Recent social events have eased a bit, coupled with the temporary truce of the Sino-US trade war, the accumulated purchasing power has been released, and the first-hand market is hot
The data research department of the Bank’s comprehensive “first-hand residential property sales information network” data shows that the village house property and some Under special cases, nearly 930 units have been sold in the first half of 2020, a substantial increase of approximately two times over 300 units in the same period last month. In half a month, it is the new high after the first half of November last year. New sales this month have already exceeded the level of about 500 units in the whole month of December last year.
Subject to the opening of one-hand discount market prices, the second-hand owners’ softening attitude towards listing has also softened, and they are willing to expand the bargaining space to facilitate transactions. According to the figures recorded by the Bank’s front-line branches, a total of 40 transactions of second-hand transactions in the 20 major housing estates in Hong Kong in the past week (January 13 to January 19), although compared with the previous week (January 6) (January 12), 44 cases were down, but still the second highest in nearly 11 weeks. A number of new disks have appeared one after another. The new disks in Changsha Bay and Mid-Levels West have successively attacked, and they are absorbing a large number of market purchasing power. The property market Xiaoyangchun is expected to continue until the Chinese New Year.