Spicy recruit seven years more and more expensive property

Extra Stamp Duty on November 20 (SSD) Seven years after the implementation of spicy strokes, SSDs can be described as the first of its kind to directly interfere with the property market. With the subsequent introduction of the BSD and DSD stamps, Tight mortgage measures in an attempt to suppress property prices and speculation. However, the results show that the effectiveness is limited. Midland Realty’s “Property Price Chart” has risen by about 85% over the past seven years. In the meantime, the slump in second-hand trading and the tightening of mortgage lending have made it easier to get on board cars, resulting in the price of small flats being grabbed , The situation that “the finer the unit area is, the bigger the increase in price per square foot” appears. For the past three years, the most obvious increase was in the fare per square meter of fine flats of 400 sq ft or below.

According to the information provided by the Midland Realty Real Estate Data and Research Center Integrated Land Registry, 50 large-scale housing estates were selected. The average foot price of 400 sq ft or below in October this year was 13,778 RMB. If compared with the same period of three years ago (ie 10 Month), compared with the average unit price of $ 10,866 per unit, representing an increase of 26.8% over the three-year period; an increase of 401.2 to 800.0% over the same period by an increase of 22.2% Feet unit.

First mortgage ceiling should be relaxed

The following example proves the theory of “the more detailed and the more expensive”. Take Tsuen Wan Center as an example. The flat with a usable floor area of ​​400 sq ft or less recorded a price of about $ 11,867 per sq ft in October this year, The type unit of about 9,083 yuan rose about 30.7%. Spicy strikes “itchy seven years,” the public’s confidence in its suppression of property prices has been lost. 7 years have passed, it is time to review spicy strokes, to help the property market to start again. In the short to medium term, withdrawal of spicy food is out of reach. However, a certain degree of fine-tuning is necessary. For example, it is feasible to relax the “exemption period for tax rebates for floor-to-house” tax refunds or even raise the mortgage ceiling for first- I hope the Government can implement it as soon as possible so that the real “home ownership” can be achieved.