Real estate market
Written by: Xu Shihao
2020-05-12 16:31
Date of last update: 2020-05-12 16:32Recently, the epidemic of "New Coronary Pneumonia" has eased and the property market has rebounded. Bu Shaoming, chief executive officer of Midland Realty and Housing Department, expects the property market to take advantage of the news and believes that property prices will rise by about 5% for the whole year.
Bu Shaoming estimates that property prices have increased by about 1 to 2% this month. Individual housing estates such as Tianshuiwei Jiahu Villa, Mei Foo Village, Shatin First City and Taikoo City have increased by 3 to 5%; The annual property price will rise by about 5%.
The property market is "five inexhaustible, six inexhaustible"
However, he further pointed out that the property market is "five endless, six endless." According to the Midland Information, if the performance of the property market in May 2010 and April 2010 is compared to the past 10 years, the Hang Seng Index recorded "2 rises and 8 falls"; in contrast, the residential transaction volume in May during the period, Monthly comparison recorded "6 rises and 4 declines"; as for the same period, property prices recorded "9 rises and 1 declines"; compared with stock market performance.
Backlog of over 10,000 second-hand purchasing power to be exploded
Liu Jiahui, chief analyst of Midland Real Estate, also pointed out that the backlog of purchasing power in the property market will be gradually released as the epidemic stabilizes, and there will be a "slingshot" rebound in the backlog of purchasing power. According to Midland data, from 2017 to the first half of last year, the average monthly second-hand registration was about 3,730; in contrast, from the second half of last year to April this year, the average monthly second-hand registration was only 2,970. In other words, in the past 10 months, an average of about 760 second-hand home purchases were "backlogged" each month; a total of 7,600 units over a 10-month period, together with an average monthly basic second-hand purchasing power of 2,970, totaled over 10,000 Purchasing power is yet to erupt.
Liu Jiahui estimates that there were more than 11,000 second-hand registrations in the second quarter, a one-year high. After the government eased the number of guarantees in October last year, more than 6 million to 10 million second-hand registrations became the epidemic of "epidemic" cities, which increased from 4,294 in the first four months of last year to 4,789 in the first four months of this year, an increase of about 11.5 %; On the other hand, the higher the amount, the greater the decline in registrations. Among them, the number of second-hand residential registrations of more than 20 million yuan in the first four months fell by nearly 42% year-on-year; more than 10 million yuan to 20 million yuan also fell by about 32%; 600 Ten thousand yuan or less fell about 28%.
On the other hand, this month's first-hand transactions increased substantially from the previous month's about 800 cases to about 1,500 cases a month. If more new disks were launched, or further increased to 2,000 cases; second-hand sales rose to about 3,700 cases a month. Increase by 10%.
Bu Shaoming believes that the number of first-hand new-market units may exceed 6,000 units in May and June, and the new-quarter sales in the second quarter soared by about 65% to 4,000 units. Liu Jiahui added that the rebound in the number of first-hand transactions only represents the situation before the market returned to the epidemic.
Midland cloth Shaoming Liu Jiahui Midland property market statistics new market market second-hand transactions
