Hong Kong 's Wen Wei Po Affected by the measure of market regulation by the Government,there are sharp decline in property transactions in 2013,synthesized the figures of Land Registry and real estate agents,estimated that the annual number of registered cases of about 70,000, was greatly reduced by 36% to a record a new low of 23 years;the annual registration amount does not exceed the amount of HKD $4.5 thousand billion,also fell 31.2% by year,recorded a new low in the past five-years.
HKP Senior executive director Ng Chong Yip pointed out that since the Government in October last year launched the "double spicy trick " and in February this year launched out the " new spicy trick," under the circumstances of measures be adopted,so that the overall property registrations fell significantly during the year,even if the developer launched a number of new properties actively recently,but also failed to boost the overall property transactions rebounded sharply.
Registrations in December recorded 4699 cases temporarily
The latest information of Land Registry in December which reflected the market conditions in November,in December ( as of the 24th ) overall property ( including a second-hand housing,first-hand public housing,commercial shops and spaces ) trading of registered cases of several temporary recorded 4,699 cases,it is expected that the figures in full January just recorded over 5,000 cases,when nine consecutive months to maintain the overall property registered about 4000-5000 cases,which have shown the overall property registrations continue to remain at a low level,and no significant signs of recovery.
Ng Chong Yip said the monthly overall property registrations have been hovering at a low level this year,so the overall performance of the property registrations this year were much worse than the past,also hit a new low in multi-years.
Ng Chong Yip said the transactions have decreased slightly for a long term period
According to the the latest data of Land Registry show out that so far this year ( as of Dec. 24 ) the overall property registrations temporarily recorded 69,199 cases,it is expected full-year figures will eventually be about 70,000 cases,when compared to 110,000 cases which recorded in the past whole year,fell nearly 40% sharply,also hit a new low in 23 -years since 1991,showing that the overall property transactions this year have decreased slightly when compared to the past record.
The amount of the annual registrations fell over 30%
As for the amount of the annual registration,also recorded a new low in multi-years,the amount of the overall property registration temporarily recorded approximately HKD $4.3908 thousand million this year so far,it is in expected the annual figures won't be more than HKD $4.50 thousand billion,when compared to HKD $6.5396 thousand billion which recorded in the last whole year,a decrease of over 30%,although the decline was less than the number of cases,but these figures are still recorded a new low in the last five-year since 2008.
In category the overall property registrations so far this year,the secondary residential registrations accounted for the largest portion,temporarily recorded 41,374 cases,accounting for 59.8% of the whole property registrations; followed by non-residential property registrations,recorded 17,357 cases,accounting for 25.1%;while private residential property registration recorded 9,427 cases,accounting for 13.6%.
First-hand residential property registration accounted for 13.6%
At the same time,due to the introduction of subsidized sale housing projects "Greenview Villa" which launched out by the government in the current year and and some of the unsold HOS have also registered in the earlier days,so in this year's overall property,have recorded 1,041 cases of first-hand public housing registrations,accounting for only 1.5% of the overall property registrations.
