Ricard Court: Commercial and commercial sales in Hong Kong hit a four-month high in November

The Zhitong Finance App learned that Huang Yingnian, director of Lijia Court (Commercial Store) Real Estate, said that over the past 3 months, commercial and commercial sales in Hong Kong have continued to rise steadily and slightly. It is expected that the overall economy and retail sales will improve, and the future will continue to be positive. According to preliminary figures from the Land Registry, Hong Kong recorded a total of 367 commercial property transactions in November, an increase of 18 or 5.16% month-on-month, a four-month high. The total value registered during the month reached HK$4,541 billion, a slight decrease of 1.4% month-on-month, mainly due to more registrations of over HK$100 million in the previous month. In November, property registrations in the three categories recorded two increases and one drop. Among them, commercial buildings showed the biggest increase of nearly 40%. Stores also rose more than 9%, while industrial buildings fell 13.68% against the market.

Zhu Liangheng, senior sales director of the Ministry of Real Estate - Industry and Commerce of Li Jia Ge (Commercial Shop), pointed out that there was a slight recovery after two months of continuous increases in industrial building sales registration. In November, 164 industrial building transactions were recorded in Hong Kong, down 13.68% month-on-month, and remained at the highest level in nearly 4 months. The share of industrial buildings registered last month was only 44.7%, down 9.7 percentage points from month to month. The total registered value of industrial buildings in November was HK$1,465 billion, an increase of 8.5% month-on-month, the highest in nearly 7 months. The average price for each case during the month was about HK$8.933 million.

In terms of commercial building transactions, Huang Yingnian said that several commercial building projects that have benefited have recorded quite a few first-hand sales registrations, such as the International Enterprise Center, Dehua Center, and No. 83 Yongkang Street, which encouraged the overall commercial building sales registration to once again rarely break through 100, for the third time in the year. In November of this year, 120 commercial building registrations were recorded, an increase of 44.58% month-on-month, making it the property category with the biggest increase, accounting for 32.7%. The total value of commercial building transactions surged 27.4% to HK$2.02 billion, the highest increase in the past 3 months for 2 consecutive months.

On the store side, Zheng Deming, senior sales director of Lijia Court (Commercial and Commercial) Real Estate - Retail, Commerce and Investment Department, pointed out that the performance of store sales has been reversed for 5 consecutive months, and the performance in November was still slightly lower than the monthly average for the whole year. A total of 83 store transactions were registered in November, up 9.2% month-on-month, but still 6.7% lower than the monthly average of 89 in the first 11 months. However, the total value of store registrations during the month plummeted by 36.8% to only HK$1,056 million, mainly due to low price store registrations during the month.