ENG-2014 — Page 79

Chart 11

Number ('000)

50

40

30

20

10

0

3

The Economy

Sale and Purchase Agreements by

Broad Type of Property

Non-residential property Residential property

الاس

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2010

| 2011

2012

2013 }

2014

Trading activities rebounded in April and stayed generally active for the rest of 2014.

In tandem with the rebound in trading activities, flat prices have also reverted from a modest decline in the first quarter to sustained increases since the second quarter. Comparing December 2014 with a year earlier, overall flat prices surged by 14 per cent, with most of the gains occurring during the second half. The increase was led by small/medium-sized flats, the prices of which soared by 14 per cent. By comparison, prices of large flats went up by a less rapid 6 per cent. Similarly, overall flat rentals rose by 6 per cent, with rentals of small/medium- sized and large flats increasing by 7 per cent and 2 per cent respectively (Chart 12).

Chart 12

Prices and Rentals of Residential Property

(Jan 2012-100)

160

150

140

130

120

110

Index

Feb 2013

Price index

Rental index

100

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov

2012

2013

2014

I

Flat prices and rentals reverted to sustained increases after decline in the first quarter of 2014.

modest

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