Large, medium and small units fell for the first time in two and a half years. The price of the private building in the Department of Estimation was inserted in 1.44% for two consecutive months.
The residential property market turned down. The overall private residential price index released by the Rating and Valuation Department (hereinafter referred to as the Rating and Valuation Department) also fell for two consecutive months. The latest report in September was 388.8, which fell by 1.44% month-on-month to nearly 31 The month was the strongest, and the monthly decline was significantly larger than the 0.08% in August. As the selling price index of Class A units (below the saleable area of 431 square feet) rose in September, the price index of various types of area units fell across the board, which was the first two and a half years (30 months). See, the industry expects the property market to fall, the overall property price index in October may fall 1.5% to 2%.
Class A unit’s 29-month upswing cable
The second-hand residential market saw a price hike in September, dragging down the property price index. The latest property price index released by the Rating and Valuation Department showed that the overall residential property price index for September was 388.8, a drop of 1.52% for two consecutive months. However, this year, it still recorded a 10.24% increase, with a year-on-year increase of 14.08%.
In September, the price index of all types of residential units recorded a decline. Among them, the Class A residential units of the boarding units, the price index fell after falling for 29 months, and it was reported at 430.3 in September, which was 1.42%. The price indices of Class B (utility area 431 to 752 square meters) to Class E (utility area above 1722 square feet) have fallen for two consecutive months. Among them, Class E units performed better, and September only softened in September. 0.42% to 331.9, the rest fell more than 1% month-on-month, and the C-class unit (utility area 753 to 1075 square feet) fell the most, September was inserted 1.88% to 338.8, two months fell 2.31%.
The first city in Tsuen Wan Central
Chen Haichao, director of the real estate research department of Lijiage, said that the Sino-US trade war continued to plague the market, which led to a huge decline in the stock market. Apart from the fact that residential investors have been standing by, the users are also cautiously watching, resulting in a very sparse trading. There are cut-price shipments, which directly lower the price of the property and increase the decline. In the 50 major housing estates, the most significant declines in property prices in September included the Tsuen Wan Centre and Sha Tin Town, which fell 6.5% and 6.1% respectively.
Chen Haichao expects that the trade war will not be scattered, and the interest rate will still be raised again at the end of the year. In addition, the developer will be advertised at the market price. The second-hand industry will further reduce the price to pick up the goods. I believe that the property price index will fall another 1.5 in October. % to 2%.
Rents against innovation and high for 8 months
In addition, although the residential price index has fallen for two consecutive months, the rental performance is still in full swing. The Department of Health estimates that the overall private residential rental index reached a new high in September. The latest report was 197.8, up 0.56% month-on-month. The increase was recorded, with a cumulative increase of 5.66%, and broke for seven consecutive months; the annual increase was 6.34%. Class D units with a usable area of 1076 to 1721, the September rent index reported 164.1, up 1.17% on a monthly basis, and rose more than 1% for two consecutive months. The latest rent index for Class A units was 218.8, which was 1.06% monthly, and rose 5.39% for 7 consecutive months.
In addition, the special category E unit rental index, although only slightly increased by 0.33% on a monthly basis, the latest rental index is 151, but after November 2012, 70 months (nearly 6 years) once again set a new record.