Chart 11
Number ('000)
50
40
30
20
20
10
0
3
The Economy
Sale and Purchase Agreements by Broad Type of Property
Non-residential property Residential property
ull
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2011
2012
|
2013
2014
2015
Trading activities quietened down visibly in the second half of 2015.
Having recorded further sharp increases during the first half of 2015, overall flat prices rose at a more modest pace during the third quarter and switched to a sharp fall of 7 per cent during the fourth quarter. For the year as a whole, overall flat prices rose 2 per cent between December 2014 and December 2015. Analysed by size, prices of large flats dropped 1 per cent during 2015, while prices of small and medium-sized flats rose 3 per cent. The leasing market also cooled off in the second half. With the drop in the fourth quarter partially offsetting the modest gains in the first three quarters, overall flat rentals rose 3 per cent during 2015. Rentals of small/ medium-sized and large flats increased 3 per cent and 2 per cent respectively (chart 12).
Chart 12
Prices and Rentals of Residential Property
(Jan 2012-100)
Index
180
Feb 2013
170
160
150
140
130
120
Price index
Rental index
110
100
Jan Apr Jul Oct Jan
Apr
2012
Jul Oct Jan Apr Jul Oct 2013
2014
Jan Apr Jul Oct
T 2015
Flat prices and rentals reverted to a decline in the fourth quarter.
48