August property market prices fell, turnover fell 28.4% month-on-month

The property market showed a downward trend in August. Huang Liangsheng, senior co-director of the Central China Real Estate Research Department, pointed out that as of August 29, the property sales in Hong Kong, including residential, parking spaces and industrial and commercial properties, were temporarily recorded in 6053 and 51.4 billion. yuan. It is estimated that 6700 and 57 billion yuan will be recorded in the whole month, down by 20.9% and 42.6% respectively. The significant drop in the amount was mainly attributable to the increase in the number of commercial building registrations of about $19.7 billion in the Eastern Centre of Hong Kong Island in July. If deducted, the amount in August is expected to fall by about 28.4% month-on-month.

As the trade war continues to heat up, and the six-door housing policy has caused many people to adopt a wait-and-see attitude, the sales have continued to cool down, and the amount and number have reached a new low of five months after March this year. For first-hand housing, 1335 cases and $16.5 billion were temporarily recorded in August. The forecast for the whole month was 1400 and 17 billion yuan, down 19.5% and 51.2% respectively, and hit a new low of 3 months after May this year. The most recent new disk in August was PARK YOHO Milano, which was temporarily recorded at 279 and 2 billion yuan.

Only 17 cases of trading in Jiaxia

In addition, in the case of the transaction of Jiasha, the research department of the Industrial and Commercial Department of the United States and the commercial data showed that only 30 transactions were recorded in the 50 major indicators in August, which was less than 20 for four consecutive months. Weng Hongxiang, Director of Operations and Commercial Director of Midland Industrial and Commercial Bank, said that the market was affected by trade wars and stock market volatility. In addition, the price of Jiasha has hit record highs and the price has risen tremendously, which has turned investors into a wait-and-see attitude, resulting in low trading volume. .