According to the Midland property statistics, just the past weekend (September 2 to 3) the top ten housing estates sale and purchase transactions only 3, compared with last weekend's 4 cases fell 25%, since early July 2022, a new low, and 18 consecutive weeks of the number of units traded, among which 8 housing estates in the weekend zero transactions. As for Centaline Property, Ricacorp Properties and Hongkong Land recorded 3, 2 and 1 transactions of the top 10 estates respectively, with Hongkong Land's result at a record low since early February 2020.
Midland property residential department chief executive officer (Hong Kong and Macau) Bu Shao Ming said that in recent months the primary market atmosphere turned hot, developers are also taking advantage of the situation, the pace of new discs for sale accelerated significantly, in addition to grabbing a lot of the second-hand market purchasing power, some of the second-hand prospective buyers also chose to wait and see, resulting in the second-hand transactions significantly quiet, coupled with typhoons blowing disruptions to buyers looking at the building plans to influence the performance of the weekend transactions.
He expects that in September, there will be a number of new developments deployed for sale, I believe that the second-hand property prices will continue to be under pressure, but at the same time will attract buyers in the second-hand market to look for "bamboo shoots".
Ma Taiyang, CEO of Hongkong Land, believes that the primary market transactions are active, more developers to speed up the pace of sales, if the major new discs continue to attract pricing, the market will continue to focus on the primary market, and the interest rate trend is still not clear, it is expected that the second-hand transactions will be difficult to have a significant upturn in the short term.
Centaline Property Asia Pacific Vice Chairman and President of the Residential Department Chen Yongjie said, by "Sura" attacked Hong Kong, most of the original arrangements for the weekend to see the cancellation of appointments, even if the typhoon gradually far away on Saturday afternoon, the public is also busy with the aftermath, coupled with the lack of good news in the property market, buyers into the market desire to maintain low, only "shoot" only to have the acceptance of the market.
The second-hand market continued to record low-priced transactions, the Centaline Chief Divisional Sales Manager Yau Hon Wai said, the property market continues to be weak, coupled with the new discs frequently low openings, the impact on the confidence of the owners to host the goods, the owners of the early years of the market have to sell the goods to stop making a profit to leave the market.
Tsuen Wan Jennifer Court North Jennifer Hin low-floor G room, area of 561 square feet, the original owner in February to open price of $ 9 million to test the water temperature, but did not expect the downward trend of the general market, the period of many times downward adjustments to the asking price, the cumulative reduction of $ 1.64 million or 18%, and ultimately 7.36 million to be taken over, the feet of the price of $ 13,119, a record of the same type of unit 7 years new lows.
On the other hand, after the typhoon, people's life returned to normal, and City One Shatin recorded a series of transactions after the "fall of the wave".
Centaline senior district sales manager Dickson Chan disclosed that the first city of Sha Tin in September, there are two transactions, including Block 25, mid-floor room B, an area of 688 square feet, the original owner of the opening price of $ 9.2 million on the market, the same area of the exchange of property customers yesterday afternoon that look at the buy, boldly counter-offer to $ 7.9 million transaction, foot price of $ 11,483.
As for the first-hand market also because of the typhoon hit Hong Kong and suspended for two days, just past Friday to Saturday (1-2 September) for two consecutive days of zero transactions, but yesterday has resumed trading, Sunday (3 September) recorded two transactions, from the Tseung Kwan O Cadillac Crest III and Cheung Sha Wan Harbour Road II.
In total, there were only 2 new property transactions over the weekend (2-3 September), a 98.5% drop from the 133 transactions recorded on Saturday and Sunday (26-27 August).
