Property New Situation Analysis Series: Bank raised its valuation of complex Yong HOS

Richland Gardens three months after British bomb 13% "off-European" hot money come back referendum

Property corner again, index prices rebound, the market valuation of the joint HOS also up almost across the board. Recently, the newspaper valuation of silver, respectively, Hang Seng Bank and HSBC for investigation, and compared with three months ago, the results show the Top Ten HOS free market valuation, the vast majority of the unit valuation has stabilized or even raised, which Richland gardens in Ngau Tau Kok more rose 13%. The industry is expected to warm along with secondary trading, the second half of overall residential valuation is still up to 5% upside. ■ Hong Kong Wenhui newspaper reporter Su Hongqiang

Industry statistics reflect the overall performance of the secondary market CCL, on Friday reported 131.34 points, the highest 22 weeks (about 5.5 months) a new high, rising 0.67% by week. Four indicators, including CCL, CCL Mass, CCL (small and medium sized units) and CCL (large organizations) also go up, the British referendum is "off Europe 'third go up since four weeks. CCL which has accumulated in the past four weeks rose 1.93%, CCL (small and medium sized units) more surged 2.07%, the largest increase in nearly four weeks the prices index categories.

Centaline think, after the British "off Europe" referendum stimulate the property market hot money to return to Hong Kong property prices to rise faster than it expected in the third quarter CCL target 135 points back to the beginning of this year's level, so that the decline in property prices (September 2015 March 7 CCL reported a record high 146.92 points), down by a maximum of 13.25% (March 2 this year, the lowest reported 127.46 points), narrowed down to 8.11%.

Prices also contributed to the rebound HOS market valuation rebound, this newspaper from February to March this year, the territory decimation free market registered cases HOS ten, and Hong Kong by three banks (Bank of China, Hang Seng, HSBC) the online valuationService to track changes in its valuation. May this year, the newspaper reported that the investigation of the 10 units at the time when the transaction valuation than the valuation changes than the differentiation, but in August, three months after the three banks of the 10 units is almost the same valuation adjustment stop fall.

HSBC raised 4 Estate Valuation

Newspaper latest survey, the Bank and Hang Seng of 10 units "invariably" no lower. Hang Seng, for example, there are eight in ten HOS valuation raised when compared with May, an increase from the 0.8 to 9.1 percent, and another two are more three months ago unchanged. In terms of silver, ten accommodation in 6 Valuation and 5 were unchanged, there are four up, an increase from the 2.9 to 5.2 percent.

As HSBC is down three estates valuation, including the Quarry Bay, Hong Hill Garden, Aberdeen Ka Lung Court and Tai Po Tai Po Plaza, a decrease from the 0.5 to 1.5 percent. However, while there are four estates eligible raised valuations increase significantly, which Ngau Tau Kok Lower G Richland Gardens 20 rooms, utility area of ​​407 sq ft, the bank the latest valuation of 351 million, when compared with the May estimate 3.11 million dollar sharply raised nearly 13%; and Hang Seng Bank in the valuation of the unit, also were raised by 5.2% and 4%.

While access to three major banks raised valuation, further comprising Sha Tin and Tsing Yi Tai Yuan Yue Tin Court. Wherein Chun Tai Ching Tai Court House level 3 rooms, usable floor area of ​​401 sq ft, the latest estimates ranged from 3.93 to 3.96 million yuan, compared with May when raised from 0.8 to 5 percent range, sold earlier this year Yijiao high premium 3.61 million HKD more than 8.9%.

"Valuation materials continued to rise in the second half."

Acting general manager of mortgage Ricacorp director Huang Yongxin said that the recent stabilization were seen in overall residential valuation, even individual appears raised, mainly due to the recent increase in turnover of second-hand, so banks have more reference cases. With the second-hand trading stabilized in the second half bank valuation materials will continue to rise, there is an estimated overall increase of 5% within. As for concerns about the Federal Reserve will raise interest rates in September, the Hong Kong side will follow, Huang Yongxin means that the interest rate is widely chance "half and half", coupled with the recent number of countries such as Japan, the United Kingdom introduced the quantitative easing policy "drain", so hike motivation decrease.

Industry statistics show that the average amount of each second-hand HOS followed the market upward. Midland Realty New research indicates that second-hand HOS flats in July (including the premium of the free market and not a second premium market) registrations were recorded in 461, involving an amount of about 16.7 billion, the average amount of each has catapulted 4 months, reaching 3.62 million yuan, compared to February this year, an average of about 3.284 million HKD low tired rose to about 10.2%; compared to June last year, an average of about 3.928 million HKD is still high at least about 7.8%.