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[Property market epidemic] In February the top ten housing estate transactions fell 7% Tung Chung Yingwan Park

2020-02-28T14:09:08.586Z


Affected by the epidemic, the atmosphere of the property market has deteriorated. According to the traditional top ten housing estates counted by Central Plains, a total of 192 transactions were recorded in February, a decrease of about 7% compared with 206 in January. Among them, the average transaction price of eight housing estates appeared even more. Down, east


Real estate market

Written by: Xu Shihao

2020-02-28 22:00

Last updated: 2020-02-28 22:00

Affected by the epidemic, the atmosphere of the property market has deteriorated. According to the traditional top ten housing estates counted by Central Plains, a total of 192 transactions were recorded in February, a decrease of about 7% compared with 206 in January. Among them, the average transaction price of eight housing estates appeared even more. The price dropped, of which Tung Chung Yingwan Garden “falls in price and volume”, dropped by more than 50% month-on-month, and the number of transactions fell by nearly 30%; followed by Kwun Tong Laguna City and Tin Shui Wai Kingswood Villas, the price per square foot fell by more than 4% .

In February, the traditional top ten housing estates recorded 192 transactions, a decrease of about 7% from 206 in January. Of these, the prices of eight housing estates fell even more. (Provided by Central Plains)

The amount of watchtower dropped to about 20% of normal

Central Plains Real Estate Asia Pacific Vice Chairman and President of the Residential Department Chen Yongjie said that most of the time in February, the market conditions were quiet, and the activities of the turret plunged to only 20% of normal. Buyers and sellers waited and see, negative emotions overwhelmed the market.

He pointed out that, in addition to the reduction of the bid price and the expansion of the bargaining space by the owners, the property prices have fallen, and have gradually attracted buyers to launch treasure hunts. The second-hand transaction has gradually picked up in the last 10 days, and the small and medium-sized properties have been reduced by 3% to 5% by buyers. This weekend, the ten largest housing estates recorded about 485 appointments to the Diaolou, an increase of 16% weekly. The Budget introduced many measures to benefit the people, which is expected to drive economic recovery. In addition, owners are willing to reduce prices, and the atmosphere of second-hand trading is expected to gradually stabilize.

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[Property market epidemic] Tsuen Wan Center "Shrink Rules" households killed! 3.65 million sells flat for 10% in two months

[Property market epidemic] Midland Huang Jianye took the lead in reducing wages by 40%. Property transaction contraction was worse than SARS.

Zhongyuan Real Estate

Source: hk1

All news articles on 2020-02-28

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