The second-hand property market has been quiet in recent months
The prices of many traditional small-price housing estates have fallen to a high level. Taking Shatin City as an example, the first sale recorded in 2020 fell below the 5 million yuan mark, reflecting the small-price housing estate The resilience has weakened after the government relaxed the ceiling on property prices.
Can create high percentage of mortgages
In the past few years, the driving force for the rise of the property market has come to a large extent from the small-price property market. Often, the smaller the unit price, the more expensive the unit. If, mainly because the cost of individual units is less than 4 million yuan, 90% of the mortgage can be made.
However, after the government eased the ceiling of 90% of the mortgage price to 8 million yuan in October last year, the source of high-value mortgages increased sharply, and the resistance of small-price housing estates began to weaken. Take the First City of Shatin as an example. In December, 8 cases of two-bedroom units were sold, with an average cost of about 5.25 million yuan, which was about 8.7% lower than the average cost of two-bedroom houses in the peak period of July last year, which was 5.75 million yuan.
According to the property price index released by Central Plains Real Estate, as of December 27 last year, a total of 35 housing estates had the latest price per square foot below the level of early 2019, of which the second-tier housing estates fell sharply, and The latest price of Pu Taihu Garden was 14,001 yuan, which was a year-on-year drop of 9.99% compared with 15,554 yuan at the beginning of the year. Xinfeng Garden temporarily fell 9.04%, reflecting the weak defense of small-price housing estates.
In addition to the impact of the property market policy, in recent years, many new units in the market that offer mini-units have successively entered the market, and the secondary market has begun to mature. This type of entry market has well-equipped facilities and relatively low admission fees, which has taken away the purchasing power of many traditional small-price housing estates. .
Take Ma’anshan Huilang as an example. Last September, the SSD began to be unbundled
So far, more than 40 second-hand transactions have been recorded, with transaction prices ranging from 3.65 million to 5.5 million yuan. It is on the front of small-price housing estates such as Shatin First City and Xingang City. Robbery is putting pressure on property prices in old-style housing estates.
On the other hand, the entry of a large number of nano-units has impacted the rental prices of small-price housing estates. Taking Shatin City One as an example, rents have fallen for 6 months in a row. The latest average rent per square foot is 40.3 yuan, a sharp drop of 12% from 46 yuan in June. The fall in rents also affects the investment value of small-price properties, which indirectly drives down property prices.