Hong Kong's property prices continued to be weak, and the latest data released by the RVD showed that the index fell by another 1. month-on-month in December last year4% at 3121 point, down for 8 consecutive months; For the whole year of 2023, property prices will fall by about 68%, compared to the all-time high of 398 in September 20211 point, ** about 216%。
Unit type and area division, all indices are across the board**. In terms of unit types, small and medium-sized units decreased by 1. month-on-month4% at 3134 points; As for large units, it fell by 05% at 2807 points.
Rents continued to outperform property prices, with the RVD's Rent Index showing that residential rents in Hong Kong rose for 12 consecutive months to 187 in December1 point, up 086%, a cumulative increase of 6 in 20236%。
A series of new projects are sold at prices to attract customers
Stepping into the new year**, the property market has also been indirectly implicated, and the decline in property prices has not stopped, and many new projects have also taken the initiative to increase discounts or directly reduce the prices of the tail units to stimulate salesRanging from 4% to 15%. The developer said that it recorded a total of more than 4,000 people, and then the first two price lists will be updated, and the discount will be significantly increased to about 40%, the discounted average square foot (feet, the same below) price will be reduced to 17,127 yuan, and the discounted admission fee is 3.96 million, which makes the price of the unit a disguised reduction of more than 30%.
Semi-new disc even recorded and lost let
Semi-new properties have continued to record losses in the near future; One of the days ago, Tsuen Wan Sea Love. Flat A, a high-rise unit in Block 5A, is a four-bedroom suite with an area of 1,163 sq. ft. The unit was put on sale at an opening price of 25 million yuan, and after being negotiated by a family customer for 3 million yuan, it was accepted at 22 million yuan, with a price of 18,917 yuan per square foot. It is understood that the original owner in 2019 with 264040,000 hands purchased, held for 5 years to change hands, book loss 44040,000, the unit depreciated by 16 during the period7%。
The Royal Mid-Levels was sold with a total of 2.26 million
Unit E of the high-rise of Tower 2B, Royal Mid-levels, Tuen Mun, with an area of 441 square feet, the unit was priced at 7.28 million yuan and was put on the market for about 2 months, and finally sold for 5.02 million yuan, with a price of 11,383 yuan per square foot. The original owner in 2020 with 721910,000 lots**, holding the goods for 4 years, with a book loss of about 219910,000, the property depreciated by 30 during the period4%。Property