Stock market crash with avian influenza, frozen transactions continues
Article from Stock market crash with avian influenza, holiday property market continues to be frozen in one hand and flat to 7:02 last night, recorded only 10 transactions (see table), last week even the Easter holiday sold a total of 113 flats, greatly reduced by 91%; second-hand property, the three lines Ten indicators estates of the weekend days recorded about 10 transactions, belong to the same low levels of SARS period, some housing estates continued recorded zero turnover.
Centraline top 10 housing estates recorded a turnover of 11, down 26.7% from the week; Among the top ten housing, there are still three estates recorded zero turnover, the best performing Quarry Bay Kornhill last weekend recorded three transactions. To Midland branches statistics, the line of 15 large blue-chip estate only recorded about 10 transaction, the week before the Easter holidays 17 sharply down 41.2% recorded in the same period, of which nine estates recorded zero Transaction; statistics with the top ten housing turnover recorded 10 weeks or approximately 33.3%.
Ricacorp the ten indicators Estate in the past two days recorded eight trading cases, or 27% on a weekly basis, five estates zero turnover.
A market with primary buyers
Mr Chan said the Central Plains real estate residential, president of the Asia-Pacific region by the government moves and banks to raise interest rates, the increase in the cost of investors into the market for flat-off for flat sentiment has less tourists dropped significantly on the market only on the car passengers, trading in the atmosphere will continue to slump.
Midland Group Executive Director and Group Residential, Chief Executive Officer Chan Kwan Hing also refers to, although some owners bid attitude soften and expand the bargaining space, but the buyer in case of uncertain market attitude still see prudent, so that secondary trading failing to keep the upward trend of the previous week Easter holiday weekend, and once again turn around and come down.
Ricacorp Properties president Liao Weiqiang also consider that the owners and prospective buyers continue to fall into the Price "tug of war", the impact of second-hand market trading trend, the recent stock market wane, H7N9 virus hit Hong Kong, the Korean situation because of the shaky unfavorable external factors, how much damage users' desire to enter the market, the purchasing power caused by the accumulation of failed carved released to indicators weekend estates volume has been hovering at a low level, used the market is expected to take place in the near future is still deadlocked.
Price fall into a tug of war
Statistics, Midland 15 large blue-chip estates volume distribution the four indicators estates of the Hong Kong Island, including Heng Fa Chuen and South Horizons, Taikoo Shing and KORNHILL recorded a total turnover of three, in line with the previous week . , Six indicators Estate, Kowloon including Laguna City, Amoy Gardens, Whampoa Garden, Metro City, Metro Harbour View and Mei Foo Sun Chuen, only Whampoa Garden, Mei Foo Sun Chuen recorded a total of two transactions, the rest are zero turnover, week down 33.3%.
Territories five indicators estates including the Caribbean Coast, Tsuen Wan, Shatin, Sunshine City, Kingswood Villas, recorded in the five trading turnover fell by 54.5% on a weekly basis.
