Real estate market
Written by: Xu Shihao
2019-12-11 16:37
Last updated: 2019-12-11 16:38The Policy Address eases mortgage purchases for first-home buyers and stimulates secondary market transactions. According to Ricardo's data, there were 385 second-hand home ownership transactions (including secondary markets and free markets) recorded in Hong Kong last month, up from 338 in October. Cases rose 14% month-on-month, setting a new high in the past six months.
The average price of second-hand HOS flats last month was about 5.27 million
The total value of transactions recorded during the period was about 2.03 billion yuan, an increase of 17% from the 1.73 billion yuan in October, a new high in the past five months. Chen Haichao, head of the Real Estate Research Department at Ricardo Court, pointed out that due to the influx of purchasing power, the prices of HOS flats have rebounded. In November, the average selling price of second-hand HOS flats was about 5.276 million yuan, rebounding about 2.8% month-on-month, and ending a three-story decline.
The total value of second-hand transactions last month was about 2.03 billion yuan, up 17% month-on-month. (Profile picture)
In the first 11 months of this year, the average HOS price recorded a cumulative increase of 16.2%. As for the last month's registration, the transaction price of the four-floor units in the middle floor of Melody Gardens in Tuen Mun was the most noticeable. The unit's saleable area was 861 square feet, with a sale price of up to $ 9.2 million, and the average saleable price was about $ 10,685.
Approximately 4,600 second-hand HOS registrations recorded throughout the year
According to the analysis of property prices, in the "expensive price" category with a value of 6 million yuan or more, the number of transactions increased by 53% to 107 cases; from 3 million yuan to 3.99 million yuan, it fell by 25% to 27 cases; 400 Ten thousand yuan to 4.99 million yuan rose 18% to 113 cases. (See Figure 1)
In the "expensive price" category with a value of 6 million yuan or more, the number of transactions increased by 53% month-to-month to 107. (Courtesy of Ricard Court)
Chen Haichao pointed out that December is a traditional off-season, with a strong festive atmosphere and relatively quiet trading activities. In addition, the Sino-U.S. Trade war has been unclear, and there are also hidden concerns about Hong Kong's economic outlook. With the price cut, the number of second-hand HOS purchases and registrations this month will fall to the level of about 300; it is estimated that there will be about 4,600 second-hand HOS registrations throughout the year, an increase of about 18% from last year's 3,887.
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HOS Secondary Market
