Insights – Asia Pacific Research

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.)

Rising mortgage costs and a bleak economic outlook have deepened market pessimism, with residential property transactions shrinking for the fourth consecutive month. In July, there were only 3,065 registered cases, a decrease of 15% over the month ago and a six-month low.

Many prospective home buyers stayed on the sidelines due to the dampened market sentiment. Of the total agreements recorded in July, only 2,255 were specifically for the secondary market, indicating a 13% decrease from a month earlier and hit a…

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.)