vi_editor

This quarterly publication contains the latest social and economic statistics of China, as well as a detailed analysis of the residential, office and retail markets. (The content of this quarterly publication is only available in Simplified Chinese.)

This publication contains the market outlook and forecasts for Hong Kong’s property market for 2024 (The content of this publication is only available in Traditional Chinese.)

The residential market relieved after the relaxation of ‘spicy cooling measures’ announced in Policy Address 2023. A total of 2,554 cases for both primary and secondary markets was registered in November 2023, representing a 20% monthly rebound, but still hovering near the bottom of the barrel. Of these, 2,007 cases were specifically for the second-hands, indicating a 14% increase from a month earlier and a 3-month high.

Home buying sentiment remained sluggish, with the housing prices in November falling for the seventh consecutive month to their lowest level in almost seven years……

Due to the elevated uncertainties cloud global economic outlook, coupled with the wait-and-see sentiment, only 2,123 cases was recorded in October, marking a decrease of 26% over the month ago. Among them, 1,767 cases were specifically for the secondary market, indicating a 7% decrease from a month earlier. The number of deals in the primary market with only 356 transactions registered in October, representing a significant drop of 63% m-o-m.

The home price index swiftly dropped to 321.4 pts in October, representing a decline of 2.16% month-on-month and reaching a 79-month (6.5-year) low……

This monthly publication contains the property news of Greater Bay Area in China. (The content of this monthly publication is only available in Simplified Chinese.)

Housing market is experiencing a further deceleration in the third quarter this year. A total of 9,174 cases was recorded over the period, representing a 25% q-o-q decrease. Among them, the secondary market saw 6,658 transactions which indicating a fall by 23% from a quarter earlier. New home sales saw a substantial 30% q-o-q decrease to 2,516 registered contracts. The number of deals in both markets hit a 3-quarter low.

The home price index swiftly dropped to 332.1pts in September, representing a decline by 0.78% year-to-date and reaching a new low since April 2017. The rental index surged up by 6.15% year-to-date…..

This quarterly publication contains the latest social and economic statistics of China, as well as a detailed analysis of the residential, office and retail markets. (The content of this quarterly publication is only available in Simplified Chinese.)

This monthly publication contains the property news of Greater Bay Area in China. (The content of this monthly publication is only available in Simplified Chinese.)

The residential property transactions relieved in August, ending a 4-month falling streak as homeowners lured buyers with steep discounts. A total of 3,247 cases was recorded in August, representing a 6% m-o-m increase, but market sentiment still pessimistic.

The adjustment of loan-to-value (LTV) ratio for properties announced in July did little to stimulate home buying against a backdrop of rising mortgage rates and gloomy economic outlook. Homeowners have been slashing price to offload their property, dragging the private home prices down 1.4% m-o-m in August to the lowest level in seven months. The index declined for a fourth straight month…..

This monthly publication contains the property news of Greater Bay Area in China. (The content of this monthly publication is only available in Simplified Chinese.)