Real estate market
Written by: Xu Shihao
2020-05-18 11:22
Date of last update: 2020-05-18 11:22The "New Coronary Pneumonia" epidemic continued to improve and trading in the property market became active. Centaline Property said that the top ten housing estates recorded 19 transactions in the past weekend, which dropped 13.6% on a weekly basis, but it has stabilized double-digit transaction volume for 6 consecutive weeks.
He said that the only zero-transaction housing estates this weekend were Laguna City and Metropolis; the best performing housing estates were South Horizons and Shatin City One, with four transactions each recorded. Chen Yongjie, deputy chairman of Centaline Property Asia Pacific and president of the residential department, said that a large-scale new market was on sale this weekend, which locks out some of the market's purchasing power, which has slightly pressured second-hand trading, and the large flats were flat earlier than in the past few months. The market quickly digested, so that the source of customers flow to the second and third line housing estates.
He pointed out that in the second half of the month, the new market will be full of flowers, but I believe that the market has strong purchasing power. The purchasing power accumulated earlier due to the epidemic situation is being fully released. It is expected that the second-hand market will be strong this month.
Midland: transactions fell 4.2% weekly
Midland reported that the 10 largest housing estates recorded a total of 23 transactions, a decrease of 4.2% on a weekly basis. The chief executive officer of Midland Real Estate said Shao Ming said that although second-hand housing estates were active, many Panyuan had been accepted earlier, and some housing estates began to lack stocks, and property prices also saw an upward trend. The transaction volume will increase sharply on a monthly basis, while the price of second-hand will keep rising, and the overall property price is expected to rise by 1% to 2%.
Rica Court: Buyers want to "price chase" to enter the market
Lijia Court also pointed out that the second-hand disk sources digested, and the top ten housing estates recorded 17 transactions on the weekend, which fell by 15% week-on-week. According to Liao Weiqiang, the president of Rijiage Real Estate, the recent boom in second-hand trading and the gradual increase in the number of properties in various districts have caused many buyers to narrow down bargaining space or sell properties at a counter price. This has deterred some buyers and took time to digest the news and even take the initiative. Enter the market by attacking the "chasing price".
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Second-hand transaction
