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Residential Sales Hong Kong

July 2020

Report

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 15.07.2020
  • Seiten : 3 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 220,74 kB
  • Sprache(n) : Englisch

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Inhalt

  • Luxury sentiment revived in particular in the HK$50-HK$200 million segment where most units offering discounts of around 5% changed hands with 131 transactions registered, a 19% increase from Q1. The super-luxury segment also saw volumes rebound over the quarter with transactions more focused on primary projects.
  • Luxury houses in the New Territories were highly sought after with health and lifestyle concerns pushing some end users to look for residences in lower density areas with more outdoor space, and as such luxury prices in the New Territories recorded a surprise rebound of 2.1% where other subsectors recorded discounts of 1% to 3% from the previous quarter.
  • With residential prices down by around 10% from their previous peak most vendors still have holding power, which has been reflected in the extremely low delinquency ratios over the past 12 months.

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