More property news

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    Overseas property news

    Affected by the Sino-US trade war and the outbreak of COVID-19, China’s economy has suffered a severe blow, its economic growth is expected to drop between 3 to 3.5% in the first quarter of this year. In addition to the first two months’ PMI exceeding 35.7, real estate development investment was also below market expectations. According to the National Bureau of Statistics, in the first two months of 2020, real estate investment totalled 1,011.5 billion; a decrease of 16.3%, of which the central region’s investment fell the most significantly, reaching 25.9%. The total sales area was 84.75 million square metres, a year-on-year decrease of 39.9%. The average unit price of residential buildings in the first two months of 2020 was RMB9,611 per square metre, a year-on-year increase of 7.4%; the floor space of commercial buildings was RMB828.3 billion, a decrease of 35.9%.
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    Property market trends

    With the Coronavirus taking centerstage in everyone’s lives in Hong Kong and around the world and coming on the heels of last year’s widespread social unrest throughout the territory, the city’s local real estate market in 2020 has been decimated—or so some industry pundits have been saying. Yet, despite the dire warnings about an imminent housing collapse that would seem to scare people away from buying new homes, the reality on the ground reveals signs pointing to the contrary.
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    Property market trends

    Is there such a thing as a tenants’ market, and if so, is this what it looks like?
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    Property market trends

    Cross-media property platform squarefoot.com.hk (“Squarefoot”), operated by the REA Group Limited (ASX:REA), today announced the results of its 2020 Q2 Hong Kong Real Estate Market Outlook Survey. The results show that local homebuyers’ purchasing appetite has rebounded to 2018 H2 levels during the COVID-19 pandemic, yet their budget for intended property purchase has slightly fallen.
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    Overseas property news

    When it comes to office buildings in the Mainland, it’s believed that everyone is aware of the persistently high vacancy rate.