In recent months, some major foreign investment banks have been bearish on the trend of property prices this year, and some are expected to drop as much as 5 to 10%.
In fact, the property prices of major blue-chip housing estates have been significantly adjusted. The reporter checked the valuations of individual units in Hong Kong's top ten traditional housing estates. As of January this year, the valuations of ten blue-chip housing estates "slid across the board". , fell by 1.8% to 5% quarter-on-quarter.
According to the data, the biggest decline was in Xinghua Village, Chai Wan. The estimated value of middle-class households in Block 1 of the housing estate was 7.55 million yuan in January, a drop of 400,000 yuan or 5% from 7.95 million yuan in October last year.
Next is Room C, Middle Floor, No. 1, Broadway Street, Phase 1, Mei Foo Sun Chuen, Lai Chi Kok. The estimated value in January was 9.03 million yuan, down 4% or 380,000 yuan from 9.41 million yuan in October last year.
4 housing estates fell 3% quarter-on-quarter
As for housing estates with a drop of as much as 3%, there are 4 housing estates, including Flat H on the middle floor of Block 3, South Horizons, Ap Lei Chau. The 4th room on the middle floor of Block G, Chungkorn Garden, was appraised at 10.72 million yuan in October last year, and by January it had dropped to 10.32 million yuan, a drop of 400,000 yuan or 3.7%.
The other two units with a drop of 3% are Room C, Middle Floor, Block 1, Whampoa Garden Phase 1, Hung Hom, and Room H, Middle Floor, Building 10, City One, Shatin. The estimated prices in January were 10.92 million and 5.49 million. 11.26 million and 5.67 million, down 3% and 3.2% quarter-to-quarter.
Cityplaza, Laguna City, Huijing Garden are hard net
The remaining 4 blue-chip housing estates include Taikoo Shing in Quarry Bay, Lagoon City at Cha Kwo Ling, Lam Tin Huijing Garden, and Kingswood Villas in Tin Shui Wai. As of January, the estimated value of individual units fell by 1.8% to 2.6% quarter-on-quarter, and property prices were relatively high. Rather hard.
Related article: Citi expects Hong Kong banks to not fully follow U.S. rate hikes, residential property prices to adjust 7% to 10%
In fact, some major foreign banks have predicted that property prices will drop by 5 to 10% this year. For example, UBS believes that the impact of interest rate hikes in the United States, the slowdown of the mainland economy, and the continued local population flow and immigration concerns, this year’s first In a report released in March, it was expected that property prices would fall by 5% during the year.
As for Citigroup, which also released a report at the beginning of the year, it is predicted that Hong Kong property prices will fall by 7% to 10% this year, mainly due to the increase in primary supply and the immigration wave in Hong Kong.
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