9 real estatene

release

Gone through a year of great Sheng Lang, the Hong Kong property market in April this year, since the trend emerged, with the last two months of the financial turmoil in order to quickly swept through the suddenness of a thunderbolt, investors pulled out of the search for self-protection, to speed up property prices Down trend, only in the past 3 months as a whole spate of property prices have dropped more than 10%.

fury fall a sharp fall in turnover

Hong Kong Land Registry released data show that in October and purchase agreements for all types of building a total of 6054 than in September fell 17.8 percent, year-on-year decrease of 54.2 percent. October sale and purchase agreements worth 18.9 billion, by 19.6 percent on a monthly basis, down 62.6 percent year-on-year. November's volume is expected to be only around 5000, and in May 2003 during the SARS almost.

Closing price of which is brought about by a sharp fall in rental prices, housing rentals also reduced the beginning of the end of October, November the second half of the number of negative equity homeowners have shown a rising trend. The Hong Kong Monetary Authority announced on November 21, in the third quarter of this year, mortgage loans in negative equity by the number of cases in the last quarter of the 936, to 2568.

To speed up the overall price decline is a sharp decline in luxury to enlarge. Real estate agents to home buyers in Hong Kong recently published report, more than tens of millions of Hong Kong's luxury residential property prices have fallen by 20% at present, is expected in the fourth quarter will fall 10-15 percent, the decline in the full year is expected to reach 30-35 percent. Ricacorp Properties of Hong Kong director Zhang Wei (blog Zhang Wei, Zhang Wei of the press and say Zhang) said the Hong Kong in October this year, 35 indicators of the overall home prices fell 12.5 percent on a monthly basis, the weighted average closing price of the latest reported 12,044 feet Hong Kong dollar, the highest recorded since 2003, the largest monthly decline, on 9 and 10 last year to return to the big city or the level of the former. With a high in March this year, compared with 35 of indicators decline in home prices to expand to 19%.

Hong Kong Property Services executive director Li Zhicheng said that since the beginning of this year, more than tens of millions of Hong Kong Island luxury property prices have fallen 15 percent so far, gradually returned to the end of 2006 to early 2007 levels; for Kowloon, Kowloon Station home fell more urgent, Down 25% so far.

Mid-range decline in the same residential area, in particular, pre-investment real estate. Centaline Property Branch of the West Kowloon district manager George Ouyang said in late September, about a Hong King and Taiwan 94.6 square meters of low-rise apartment, the transaction price of 465 million Hong Kong dollars, equivalent to 49,150 average price of HK / square meter. And early in November the real estate transaction of a 63.9 square meters apartment, only the Hong Kong dollar changed hands 2,438,000, or 38,150 per square meter fell to the Hong Kong dollar.

To speed up housing prices decline from the financial turmoil in Hong Kong's economic growth slowed and the unemployment rate rose. Statistics show that Hong Kong's third-quarter gross domestic product (GDP) at an annual rate of 1.7 percent, the slight increase over the second quarter's 4.2 percent growth slowed further; calculated on a quarterly basis, in the second quarter than the 0.5 percent negative growth, become In the second quarter of negative growth of 1.4 percent in the second quarter of negative growth, Hong Kong has been technically in recession.

Signs of economic recession so good at a lot of speculation investors become cautious, even at the cost of the rapid loss of stop-loss. Hong Kong's well-known expert Duan Chao Li Ru far this year signed an agreement in April to about 188,300 Hong Kong dollar / square meter to buy Lippo Center 41 full-thickness layer, but a few months later chose to terminate the agreement, the losses at close to Hong Kong 22,800,000 Yuan deposit. That's Li Ru Yuan, the purchase price look forward to the end of the year rose to 200,000 Hong Kong dollar / square meter, but bought only 4 months, property prices have fallen by 15%, and expected future prices will fall, so Stop as soon as possible.

investors at a loss to evacuate

Second-hand housing transactions in order for Hong Kong's real estate market, many investors bought the Qifang to opt for release at the time of intake in the run-up disk for sale, this phenomenon is particularly evident in recent months. Olympic Station in the vicinity of the Crest waves, red survey the south bank of the waterfront, one floor below the owners to buy into a price or even more than a half percent of the sale can be found everywhere. Engaged in the hardware business of Miss Chen told reporters that a few months ago to 5,500,000 units purchased a 770 square feet (1 m = 10.7638 square feet, 1 square feet = 0.0929 square meters), and is currently lower than the price they sell Found no one, because the market lower disc release can be seen everywhere. Many investors to reflect, take slower Disk may experience poor sales.

Two years ago, has become a hot spot for investment" on September 4 in West Little Dragons "in the near future start-foot price fell below 4,000 Hong Kong dollars, or Home Now Yuet only in 3870 to maintain the Hong Kong dollar / left foot, Ching-yu and Wang Xuan View Terrace and even had 2,000,000 Hong Kong dollar or so units. Miss Liu owners in 2003 to about 3,000 feet price to buy a home or Yuet 3 room flat, she said that in anticipation of the future there will be a larger decline in housing prices, consider selling the house until next year and then re-bottom prices Home.

Mr. Zhang investors in November 2006 Lan Ma On Shan to buy a top bank, covering an area of 1089 square feet of new houses with a total 6,592,000 Hong Kong dollar. And this month, Mr. Zhang, This house will be hit with a heavy heart, is the price of 5,200,000 Hong Kong dollars, a two-year investment, a loss of 1,392,000 Hong Kong dollar.

AP

Clear Water, Blue Sky property of a high-level branch managers, clear water, blue sky in October only 3 of the transaction. One of the better landscape of 679 square feet of high-level units, the owners of the original purchase 3,130,000 Hong Kong dollars, is now 2,900,000 to the Hong Kong dollar sale transaction, holders of two years, but the depreciation of 7%. In addition, an area of 667 cubic feet of low-rise units, the owners in October asking price 3,030,000 Hong Kong dollars, three times in a row prices have been reduced to 2.65 million Hong Kong dollars, still can not be traded.

Due to release more sites, investment sell-off is not an easy task, some investors choose to resell only to rent. Hong Kong Island is located in the Bel-Air 6, and many owners rush to sell before moving in. But there are a number of relatively strong Chinese investors here are more active in the rental market, rented for the sale. However, in the remote location of the region, was able to rent a good rate of return is also not an easy task.

International investment bank have negative attitude towards the Hong Kong property market, Credit Suisse report points out that by the end of next year in Hong Kong residential property prices will fall by 30% over the next two quarters because the unemployment rate may rise and is expected to Central region office rentals will drop 35% Non-bustling area of retail rents will be down by 20%. Morgan Stanley also pessimistic that property prices in Hong Kong in the next 12 months will be a further drop of 20%, followed by 12 months dropped by 10%, in 2011 and is expected to be former Hong Kong property market will not see signs of recovery.

And some of the real estate intermediary, the Hong Kong mortgage rates are much lower than the mainland, with the dollar expected to continue to cut interest rates, interest rates further down the possibility is very great. Centaline Property Research co-director Huang Sheng said the rate cut will lead to the fall in property prices has slowed, or reduce the expected success of the two fall in property prices would have a better support.

Huang said that l

Hong Kong residents in 1997 to lose money in a lot of speculation, after the painful lessons of the previous bull market is still in restraint, not excessive lending and speculation, and the people of Hong Kong's total deposits in 1997 was twice as much, Then the ability to set strong, the price can not be like last fall so deep.

Pearl River Delta Hong Kong people have been selling real estat

Hong Kong's housing prices down quickly, making large investments in the Mainland, Hong Kong people panic intensified, especially Lehman Brothers in September after the bankruptcy case, the people of Hong Kong in the Pearl River Delta to sell real estate focused on the emergence of cash. In Shenzhen on behalf of the well-known luxury Area Xiangmi Hu, a Hong Kong listing of the sale of 244 square meters of the Office of the two four-room units, within one month of 7,500,000 yuan from the price drop to 6,300,000 yuan. Over the past month, at the Huanggang Border Control Xiangmi Hu and the people of Hong Kong, and so more investment Area, listed on the Hong Kong people to sell real estate or even the proportion accounted for 70 per cent.

Xiangmi Hu Central Plains Area real estate manager of a store, as opposed to the property near the port, the luxurious Hong Kong people were" sale "of a greater probability, the first is due to the high price of the property, the more money chain tension; Second, the economic crisis led to the High-end tenants to reduce the rent low rate of return, the rate of high-rent space. "If the owners anxious to sell, home buyers and more than enough, the price drop on the larger, but for investors into the market earlier or more of the profits."

A Hong Kong investors that Hong Kong people have experienced the 1997 Asian financial turmoil, the general international economic situation, rapid response, just one outbreak of the financial tsunami, will take the initiative to Shenzhen property prices, the" sensitive "than the Mainland owners. The investors candidly that he take advantage of the introduction of the mainland property market rebound after the New Deal time in two weeks has realized all the property of all.

AP Shenzhen property researchers pointed out that the financial impact of the tsunami that some of the owners of capital in Hong Kong chain, from the beginning of September sale price, second-hand housing market in Shenzhen in Hong Kong to become the first owner of the price a group of people. In some well-known second-hand housing on the same site shows that prices of many luxury, such as the 2006 price of about 6-8000000 yuan / houses of the Mission Hills Golf Villas, also currently listed on the sale of 6,500,000 yuan, the scheduled villas Second-hand price down to more than 9300 yuan / square meter.

Guangzhou villa appeared in the same market price of properties to attract buyers. Qifuxincun at the beginning of the year when the row house price of about 1,100,000 yuan, the asking price was more than 80 million. According to the Guangzhou City Land Bureau released data, 8 months before the villa of the total volume is 45,300 square meters, year-on-year decrease of 86.4 percent.

And as" Little Hong Kong "Hong Kong people Dongguan Zhangmutou was the largest concentration of the region, has become the present evacuation of most Hong Kong people. Zhangmutou real estate intermediary almost all Hong Kong people to sell low-priced property Guadan, "Scenic Garden: Sanfangliangting, all household electrical appliance housing and facing the swimming pool, the sale of 175,000 yuan," "Love Garden are Sanfangliangting , The sale of 90,000 yuan, "but even such a low-cost, business is still cool.

As far as intermediary, to such an advance sale price is 90 per cent of the people of Hong Kong, prior to this settlement or often resort to a lot of the people of Hong Kong's return to Hong Kong, Hong Kong enterprises by the impact of larger economic crisis, many of the evacuation, Another The economic power of ordinary Hong Kong people do not have a strong Hong Kong are investigating if there are private residence in the Mainland, Hong Kong will not be able to live in public housing.