Real estate market
Written by: Xu Shihao
2020-04-27 10:27
Date of last update: 2020-04-27 10:27The "New Coronary Pneumonia" epidemic in Hong Kong continued to improve, economic activity began to resume, and property market trading rebounded. According to data from Centaline Real Estate, the top ten housing estates recorded a total of 22 transactions this weekend, an increase of 5 transactions or 29.4% week-on-week, a 7-week high since the end of February. All districts performed averagely, and 9 of the target housing estates recorded transactions .
Chen Yongjie, vice chairman of Centaline Property Asia Pacific and president of the residential division, believes that the market sentiment has improved, the overall economic activity has gradually recovered, and buyers have begun to regain their enthusiasm and enter the market.
Midland: Double-digit transactions recorded for 11 consecutive weekends
Midland recorded about 23 transactions, up 9.5% from the previous weekend. It has recorded double-digit transactions for 11 consecutive weekends and maintained an active level of 20 or more for 3 consecutive weeks. Bu Shaoming, chief executive officer of Midland Real Estate, believes that the data reflects the emergence of purchasing power, and the property market has markedly heated up. It has also almost wiped out the price cuts. The psychology of the customer's "treasure hunt" has fallen, so the second-hand transactions have not increased significantly.
Affected by the "Polymerism Restriction Order", no new discs have been launched since this month. However, there are still about 150 deals sold on the weekend. (Profile picture)
"Limited Order" affects no new disc launch this month
On the first hand, affected by the "Polymerism Restriction Order", no new disc has been launched since this month, the first time in more than three years. According to market news, about 150 units of goods were sold in the past two days. Wheelock Real Estate Sunrise Cannes Ocean Marini, recently added a hundred units of goods, and finally sold 51 units; Xindi (0016) existing building project Baishijiao "Yunhui" Phase I sold 12 units of two-bedroom households, Developers have updated some unit price lists, with an individual increase of nearly 2%.
Midland expects property prices to fall by about 5% in the first half of the year
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Second-hand transaction