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New property price cuts work
Sep 23, 2023
New property price cuts work Hong Kong
By   Centaline Property
  • City News
  • New Property Price Reduction
  • Hong Kong Property
  • Property Transaction
Abstract: Centaline ten major housing estates in the weekend to see the volume of recorded about 350 groups, up 6.4% week-on-week.

Centaline real estate residential department president Chen Yongjie said, this week the U.S. Federal Reserve announced a moratorium on interest rate hikes, the property market is positive news, coupled with the recent new discs more low market price to strike, grabbing all the focus of the market, but also to drive the first-hand into the market atmosphere, deducting a lot of purchasing power, prompting many second-hand property owners to face the reality of the expansion of the bargaining space, part of the use of home to take advantage of the weekend in the second-hand market to find treasures, slightly driven by the look at the building atmosphere, is expected to stimulate transactions.


Hong Kong Island District, Centaline Property Taikoo Shing East Hill Court senior regional sales director Zhao Hongyun said, Taikoo Shing this month temporarily recorded 9 transactions, the average practical foot price of 14,193 yuan.


U.S. Federal Reserve to maintain interest rates unchanged, but at the same time implied that the year may be another interest rate hike 1, the market is expected to continue to wait and see the atmosphere, Taikoo Shing this weekend to see the volume of recorded 25 groups of appointments, according to the weekly increase of 1 group or 4.2%, the practical call price per foot also rose to $ 17,200, a slight increase of 1.2%.


Centaline Property Kornhill Kornhill Street Branch Chief Divisional Sales Manager Yang Wenjie said, Kornhill Gardens this month temporarily recorded five transactions, the average practical foot price of $ 15,519, more than the same period last month, one.


The Federal Reserve Board announced that interest rates remain unchanged, the property market has alleviated the role of the public to see the increase in the desire to see the estate, the estate this week recorded 25 groups to see the booking, according to the weekly increase of 5 groups or 25%, per foot of the utility asking price to continue to maintain the level of about 14,300 yuan.

New property price cuts work

Kowloon District, Centaline West Kowloon Mobil MasterCard third branch branch sales manager Feng Jianping said, Mei Foo Sun Chuen this month so far temporarily recorded 11 transactions, transactions continue to make good, the average utility foot price hovering at the level of $10,552.


The U.S. Federal Reserve to maintain interest rates unchanged, in line with market expectations, the region to look at the atmosphere is stable, Mei Foo Sun Chuen this weekend to look at the volume to maintain 45 groups of appointments, the practical price per square foot hovering at a low level of $ 11,800.


Centaline Property Laguna City District Sales Manager Hung Kam Hing said, Laguna City in the past week recorded four consecutive transactions, this month, the volume of transactions has increased to seven, the average practical foot price of $ 12,272.


Weather stabilisation, coupled with the U.S. Federal Reserve as the market is expected to maintain interest rates unchanged, look at the property guests again, Laguna City this weekend to see the amount of recorded 30 groups of appointments, according to the week and then rose 5 groups or 20%, per foot of the utility price is also adjusted to the level of $12,780 level, it is expected that the transaction is slowly warming up.


In the New Territories, Centaline Property City One Shatin branch regional sales director Lai Chung Man said, the property market outlook is not clear, the wait-and-see atmosphere is strong, the first city of Shatin so far this month temporarily recorded about 8 transactions, similar to the same period last month, the average price of the utility foot about $12,748 level, recently some owners began to reality, and successively expand the bargaining space, but buyers are more hesitant to enter the market mentality, into the market to consider the time is longer, slowing the pace of transactions! The property market has recorded about 40 groups of property visits this weekend, no increase or decrease compared to last week, and the atmosphere of property visits is mediocre.


Centaline Property Tin Shui Wai Deputy Regional Sales Director Ng Yiu Chau said that the recent Kingswood Villas property prices fell significantly, recorded a number of foot price "7 words head" transactions, attracting users to find bamboo shoots, driven by the rise in the number of property viewing. Estate this month recorded 20 transactions, has been not bad, back to the normal level of quiet market, more than last month 2 cases.


A few days ago, the US Federal Reserve announced that interest rates would remain unchanged after the interest rate meeting, but the high interest rate environment still persists, buyers are still cautious in entering the market, and are only willing to enter the market at a low price, so no transactions have been recorded after the interest rate meeting. This weekend, the estate recorded 80 groups of property viewing appointments, week-on-week rise of 14.3%, per square foot of practical asking price is maintained at the level of 10,000 yuan.

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New property price cuts work
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