Macau News Agency’s Post

Residential land sales between the government and developers in the Greater Bay Area plummeted by 74 per cent in the first eight months of the year, with only 41 transactions recorded compared with the same period last year, when deals worth around RMB133 billion (MOP150 billion/US$18.7 billion) were completed.

Land Prices are Rising! Land sales are on the increase with many choosing to build despite constraints in the construction industry.   The latest HIA-CoreLogic Residential Land Report analysed sales activity in 51 housing markets across Australia. It identified a “modest recovery” in residential lot sales which it says has pushed up prices.   Activity is stronger in Brisbane, Adelaide and Perth. Residential lot sales picked up across Australia, increasing by 0.9% in the December Quarter to 10,666, to be up by 24.6% over the course of the 2023 calendar year.   The fact that land prices are re-accelerating alongside such a modest recovery in sales volumes, suggests it will not be long before the number one constraint on new home building is, once again, the availability of land. This is just going to cause land prices to rise further. 

Residential Land Transaction Area in China’s First, Second-Tier Cities Soars About 40% in January-February

In Ireland, residential property prices grew year-on-year in early 2024, rising from 5.36% (1.25% inflation-adjusted) in January to 7.82% (5.14% inflation-adjusted) in April, per the CSO. This marks the first annual inflation-adjusted price increase since November 2022.

Among all residential properties sold in British Columbia from 2019 to 2021, 2.8% had been owned by their sellers for less than one year. This proportion was highest in 2021, at 3.3%. By comparison, it was more common for residential properties to be resold in the second year of ownership. For instance, 5.3% of properties sold in 2021 and 6.2% of those sold in 2019 had been held by their seller from one to less than two years. For more on residential property flipping in British Columbia: https://lnkd.in/euFea9Q5

The decline of new residential housing sales continued to slowdown in August 2024. The YTD sales dropped 25% comparing to same period of 2023 (Jan to Aug), the 2024 YTD sales YoY negative growth rates have been reduced in the past months, from -35% in Feb, -32% in Apr and -27% in Jun. The falling housing sales has been a main dragger on the economy, and government has introduced new policies in May try to stabilize the property market. #investing #chinaAShare #ChinaRealEstate #ChinaValueStocks

The government has just released the Government Land Sales Programme for H2 2024. https://lnkd.in/dS944ZZA About 5,000 residential units will be released on the confirmed list. The increased land supply, especially in the suburbs, can improve accessibility to private housing for the general public. Moreover, developers may continue to take a measured approach in their land bidding with the increased availability of land, which will help stabilise prices into 2025. Many of these sites comprise around 300 to 600 units each. Therefore, this may cause an uptick in sales transactions next year. Read more of our analyses:  https://lnkd.in/dVw2Mr-a URA website: https://lnkd.in/dS944ZZA OrangeTee. #UnitedWeGrow #OneOrangeTee #OTT #AAG #RealEstate #OTTInsights #URA #property #propertyinvestment #coolingmeasures #sales #propertyforsale #properties #OrangeTee #money #singaporeproperty #singapore #hdb #realestateinvestment #resale #realestateagent

The foreign appetite for residential property in Spain was the second-highest on record after the boom year of 2022, confirm the latest figures from the Spanish Housing Ministry. There were 123,189 homes bought by foreigners in 2023, a decline of 8pc compared to the post-pandemic boom year of 2022, and the second-highest number on record, as illustrated by the chart above. Overall sales including both local and foreign buyers totalled 638,522 in the year, down 11pc, and the third best year in over a decade. As local demand fell more than foreign demand, the market share of foreign buyers rose to a record level of 19.3pc last year, as illustrated by the next chart. https://lnkd.in/emwgtt2i

The Annual Residential Property Inflation as measured by the Residential Property Price Index for the 4 quarters to Q3 FY 2023/2024 slowed down to 6.8% compared to 7.0% registered for the year ended Q2 FY 2023/2024

The RICS Residential Market Survey results are in for April in Northern Ireland and two things stand out: 1. Housing supply remains a challenge 2. Drainage infrastructure problems are inhibiting development https://lnkd.in/eBtD6t8b