The Zhitong Finance App learned that Yang Mingyi, senior co-director of the Central Plains Real Estate Research Department, pointed out that the latest CSI (residential sales price) report was 55.69 points, down 0.82 points from 56.51 points last week, for a total of 1.66 points for two consecutive weeks. Many new listings have been launched one after another, and the first-hand market atmosphere is active. However, developers tend to sell at close to second-hand prices. The second-hand market is under pressure, and buyers and sellers tend to wait and see.
The Federal Reserve is about to announce the results of the interest rate meeting. Although the market expects little chance of raising interest rates this time, we still need to keep an eye on the Fed's future attitude. Coupled with the weak trend of Hong Kong stocks, many uncertain factors are putting pressure on the index. The CSI remained stable above the 55-point bullish zone for 61 consecutive weeks, but continued to weaken, and the upward trend in property prices was blocked. Whether the index can maintain the 55 point level is critical.
CSI (residential rent) reported 58.90 points, down 0.44 points from week to week. It fell for two consecutive weeks, falling below the upper limit of the 60-point thin demarcation range. The rental market is still receiving much-needed support. Residential rent growth is expected to slow but remain high.
In terms of stores, CSI (store price) reported 41.04 points, down 3.13 points from week to week; CSI (store rent) reported 44.78 points, down 1.83 points from week to week. The retail sales index fell sharply and continued to fluctuate repeatedly at the lower edge of the 40-point boundary, indicating that the retail trading and leasing markets have not broken through and lacked upward momentum.
In terms of industrial buildings, CSI (industrial building price) reported 44.00 points, down 1.38 points from week to week; CSI (industrial building rent) reported 43.42 points, down 2.79 points from week to week. The rental sales index has been stable above 40 points for a long time, but it has not been able to break through the 50 point thin line, which indicates that the industrial building trading and leasing market is stable and continues to trade sideways.
In terms of office buildings, CSI (office sales price) reported 36.56 points, down 0.77 points from week to week; CSI (office rent) reported 36.56 points, down 0.77 points from week to week. The rental sales index has declined slightly and is still trading sideways in a bearish range. It is expected that the office sales and leasing market will continue to weaken.