Corporate 1 Template

Vigers Hong Kong Property Index Series • As a complement to the existing property information related to the Hong Kong property market • To better inform public of the ever-changing residential market as Vigers has selected residential districts or areas which will be impacted by the Objectives territories’ infrastructure project, i.e. the MTR network expansion • To continually get updates from the property market 2 Hedonic model of price measurement Assumption Asset’s value can be derived from the value of its different characteristics Home Price Dependence on the values that buyers have placed on both qualitative and quantitative attributes Hedonic Estimation of the implicit market value of each Regression attributes of a property by comparing sample home prices with their associated characteristics, on a monthly basis Logarithm of transaction price will be used as independent variable for the regression model, whilst logarithm of dependent variables, such as building’s age, floor numbers, floor areas, and regional, district and estate building names will be selected in the model as controls for quality mix, apart from the time dummy variables (which are the most important part of the model), being employed. Methodology 3 The “Vigers Hong Kong Property Price Index Series” provides a perspective to understand movements in the Hong Kong private housing prices, based on the types or locations of properties. By applying the “Hedonic Regression Model”, the Index Series calculate property price changes relative to a base period at January 2017 (Level 100). Every published index represents an average of its latest six individual monthly indexes. All property attributes such as Building Age, Floor Number, Net Floor Size and Estates / Districts used in these calculations are consistent. 4 Property Prices Indexes 1. Kowloon East Index 2. Shatin Central Link Index 3. Luxury Index 4. Mass Residential Index 5 Kowloon East Index Kowloon East Index covers three selected districts: Kwun Tong Wong Tai Sin Kowloon City District District District Hung Hom or Kowloon Bay San Po Kong To Kwa Wan Ngau Tau Kok Wong Tai Sin Kowloon City Kwun Tong Choi Hung Homantin Lam Tin Wang Tau Hom Kowloon Tong Cha Kwo Ling Diamond Hill Shek Kip Mei or Yau Tong Tsz Wan Shan Yau Yat Chuen Lei Yue Mun Ngau Chi Wan Kai Tak 6 Shatin-Central Link Index Shatin-Central Link Index covers five districts which will mostly be impacted by the ongoing MTRC network expansion: Shatin Kai Tak Homantin Diamond Hill Hung Hom or To Kwa Wan 7 Happy Valley Kowloon Tong Mid-Levels West Mid-Levels Central Luxury Index Mid-Levels East Peaks Luxury Index covers luxury Pokfulam properties (estates and single block of buildings, and flat size Repulse Bay or Shouson Hill >1,000 sq ft) located in following selected districts in which there Kau To Shan are high potential that luxury properties are situated: Stanley Tai Tam 8 Mass Residential Index Mass Residential Index covers the top 100 active mass estates across Hong Kong as follows: A Aegean Coast D Dawning Views I Island Harbourview Allway Garden Discovery Bay Island Resort Amoy Garden Discovery Park J Jubilee Garden B Banyan Garden E East Point City Bayshore Towers K Kingswood Villas Bellagio F Fanling Garden Kornhill Belvedere Garden Festival City Flora Plaza L La Cite Noble C Caribbean Coast Laguna City Celestial Heights G Garden Rivera Laguna Verde Central Park Towers Grand Promenade Lake Silver Century Gateway Grand Waterfront Lei King Wan Chelsea Court Greenfield Garden Liberte Chi Fu Fa Yuen Lido Garden City Garden H Harbour Green Lohas Park - Le Prestige City One Shatin Harbour Place Lohas Park - The Capitol Classical Gardens Heng Fa Chuen Luk Yeung Sun Chuen Coastal Skyline Hong Kong Gold Coast M Ma On Shan Centre 9 Mass Residential Index Mass Residential Index covers the top 100 active mass estates across Hong Kong as follows: M Manhattan Hill R Rambler Crest Telford Gardens Mayfair Gardens Residence Bel-Air The Arch Mei Foo Sun Chuen Riviera Gardens The Belcher's Metro City Royal Ascot The Hermitage Metro Harbour View Royal Green The Merton Metro Town Royal Peninsula The Palazzo Monte Vista The Parcville S Sceneway Garden The Sherwood N Nan Fung Sun Chuen Sea Crest Villa The Wonderland Serenity Park Tierra Verde O Ocean Shores Shatin Centre Tsing Yi Garden Oceanaire Sorrento Tuen Mun Town Plaza South Horizons P Palm Springs Sun Tuen Mun Centre V Villa Esplanada Parc Oasis Sunshine City Vista Paradiso Park Avenue Park Central T Tai Hing Gardens W Whampoa Garden Park Island Tai Po Centre Parkland Villas Taikoo Shing Y YOHO MIDTOWN Pierhead Garden Tak Bo Garden YOHO TOWN 10 Vigers Appraisal and Consulting Limited Vigers Research Tel : +852 6309 5880 Email : [email protected] Address : 27/F, Standard Chartered Tower Millennium City 1 388 Kwun Tong Road Kowloon, Hong Kong Published in April 2019.

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