Sunday, September 8, 2013

Beijing sihuan prices as Hong Kong

China index research institute (microblogging), the latest figures show the cities housing prices in August 15 180 degree elbow pipe fitting asme b16.9 steel elbow consecutive month-on-month rise. Among them, Beijing rising from the most obvious, is up 3.22%, year-on-year increase of 22.49%. Within 2013 years ago in July, Beijing sihuan commodity residential 7D Butt Welded Bend Pipe fittings house to clinch a deal for an average of 42259 yuan/sq m, up 24% year-on-year; Has roughly doubled in four years ago.

Midland realty, according to data in the year to August 2013, the famous Hong Kong 100 small and medium-sized private estates to clinch a deal for an average of 7203 Hong Kong dollars per square Hot Expanded welded spiral steel tube foot (press) of computation of building surface, about equivalent to RMB 62000 / per square meter. Among them, the location close to the third ring road in Beijing - Kowloon 8042 Hong Kong dollars per square foot of sihuan, of about 70000 yuan/square meters. And new house average price near Beijing, already up to 60000, and very close to Hong Kong, the north has up to 50000-60000 yuan/square meters. Of houses in the centre of the city is also a lot of the unit price to $80000 above, with the Hong Kong island district average approximation. If it is the school district room is almost as if house prices in Hong Kong.

However, if consider Hong Kong to buy a house is to press set inside area calculation and exchange rate factors, Beijing sihuan rates can be as Hong Kong. To middle-class families buy a set of available for ordinary residential as an example, the basic living in Hong Kong, shatin, area (the equivalent of Beijing sihuan) to buy a 70 square metre (set) in residence, approximately hk $7 million, equivalent to about 5.6 million, and in Beijing sihuan a construction area of 100 square meters, set inside of about 80 square meters of housing, is 5 million yuan RMB, the difference is not too much.

Beijing sunshine 100, deputy general manager of real estate Fan Xiaochong also told our reporter pointed out that of the first-tier cities, including Beijing house price matches the world-class cities such as Singapore and Tokyo, and cost-effective compared to these cities, there are prices artificially high.
So far, the heat of the Beijing property market is still increasing. According to centaline property market research statistics, the first eight months of the year, Beijing new housing (excluding the affordable housing) signed total 59039 sets, with a total construction area of 7.01 million square meters, the volume is the second peak of the last five years, after 2009.

In contrast with Beijing, with a record high of the Hong Kong real estate market is weak. Last August, after several regulatory policies by the government of Hong Kong, the property market trading day is cold, house prices to smooth, mainland investors also elusive. Journalists access to Hong Kong transport and housing authority land registry data found that building business contract number only in Hong Kong in August 5111, last year fell fifty percent year-on-year.
Hong Kong CIMB securities research report pointed out that Hong Kong property prices in the unstable state of bubble, estimated 2014 property prices fell 10% ~ 15%, could fall another 15% to 15% in 2015.

No comments:

Post a Comment