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Hong Kong property prices have fallen?
Nov 18, 2022
Hong Kong property prices have fallen? Hong Kong
By   Internet
  • City News
  • property prices
  • house price trends
  • house price market
Abstract: The 2022 World Cup began right before the opening of the last World Cup in Russia (June 2018) to November 2022 before the opening of the World Cup in Qatar, the average property prices in Hong Kong adjusted downward by 11.9%.

Comparing the property prices of major housing estates before the opening of the two World Cups, the 138 component estates in the Midland Property Price Index, 133 of which were already in the partnership before the last World Cup, 27 of which were up, accounting for 20%, and 106 of which were down, accounting for 80%.

 

30 housing estates fell within 5%, accounting for 22.6% of all 133 estates;

 

38 housing estates fell by 5.1% to 10%, accounting for 28.6%;

 

24 estates fell by 10.1% to 15%, accounting for 18.1%;

 

There are 14 housing estates with a drop of more than 15%, accounting for 10.1%.

 

Comparing the average price change in October 2022 and June 2018, the strongest rising trend is the Leighton Hill in Happy Valley, reaching 46%, but the estate has only 3 transactions in 2022, the circulation is low plus the transaction of different layers of landscape or fail to reflect the situation.

 

So more comparable housing estates inside, the highest rate of increase in the housing estates is the Dragon Hill, Shi Zu, Long Ping 8, listening to the Aria, Jun Rang (Park Yoho) and not enough 4 years of love of the sea, the rate of increase reached 10% to 22%, clearly outperformed other estates in the index, and most of these estates in Yuen Long, North District and Tsuen Wan West area.

 

After the rise between 6% and 9% are still mainly in Yuen Long, North District and Tuen Mun estates. 71 New Territories estates, 17 are up (24%), but the increase accounted for the most is the Hong Kong Island, 25 estates inside 7 (28%) is up, as for the 37 estates in Kowloon, only 3 (8%) recorded an increase.

 

The biggest drop and the previous article said that by the year the biggest drop in the same housing estates, Golden Lion Garden ranked first, reaching 18.3%, followed by a few old railroad plate, including Telford Garden, Mei Foo Sun Chuen, Taikoo Shing, City Garden, Star River Ming House, fell between 10.3% to 14%.

 

In addition, some of the car plate also in the forefront of the decline, including Tsuen Wan Center, Depot Garden, etc. are down more than 10%.

 

Not belonging to the categories listed above and fell more than Bayshore Bay, Pokfulam Gardens, Xihui and Parkview, down about 10%.

 

As for the supply of new developments in recent years, most of the housing estates in Kai Tak and Cannes before the last World Cup did not receive buildings, if compared with the receipt of buildings, most of them are still preserved not to lose.

 

Hong Kong Island housing estates that have risen the most in the order of ranking is Yatawan, Blue Bay Peninsula, Carpenter Bay, Brighton Terrace, Haiyi Peninsula, the rate of increase is 0.3% to 2.9%.

 

The most decline is the City Garden, Bayshore Bay, Taikoo Shing, down more than 16% in four years, it can be seen that the Hong Kong Island district is not necessarily near the MTR to preserve the value, but rather the past non-Hong Kong locals more or the age of the building is large old large housing estates received pressure.

 

Kowloon District, there is an increase in the housing estate only Hong Kong King Peak, Harbourfront and Parkview Bay, respectively, 3.8%, 1.5% and 0.1%.

 

The most decline in all the old urban MTR top plate, respectively, Mei Foo Sun Chuen, Star River Ming House, Telford Garden, Hong King Terrace, is 15.3% to 16.9%, reflecting the Kowloon district has been convenient transportation, the railroad may not be an obvious advantage, the waterfront South Coast, Mid-Levels One, Xiang Long Bay and other housing estates far from the railroad has not seen much decline.

 

On the contrary, the New Territories is completely different, the largest decline in all ten housing estates urban far from the MTR station, according to the largest decline in order, respectively, Tsuen Wan Center, Lanshan, Golden Lion Garden, Seaside Garden, Pita Garden, New Summit Garden, Riverside Garden, Tsuen King Garden, Tsui Yuet Wah Ting and Long Chui Park, respectively, down 12.7% to 23.8%.

 

The rise is larger or more value preservation are the housing estates in the North Metro area, or in the MTR superstructure or adjacent housing estates, the new Kwai Fong Gardens, Sheung Shui Centre, the new Tuen Mun Centre, etc..

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Hong Kong property prices have fallen?
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