North Water boom reproduce support Hong Kong property market

Although the interest rate increase in the United States was unveiled, the recent buyers’ entry to the market was still positive. In particular, the market boom in the Mainland reappeared. In particular, they even paid a 30% premium on property sales to stimulate the property market sentiment. In the short term, Bring support to the property market.

Next year to maintain 3% interest rate within the low interest rate

As the United States continues to raise interest rates, the market expects that Hong Kong will also follow the pressure of raising interest rates next year. However, as a whole, the current mortgage interest rate is about 2%. Even if the rate hikes two to three times next year, it is estimated that the rate will still be maintained at 3 Interest rates below the PCT, the pressure on the actual mortgage burden for owners is not, the most important impact of the rate hike on the property market but in the psychological factors.

However, recent luxury homes frequently see the mainland tourists, such as the Peak Super-Mount Nicholson, the rough statistics accounted for half the proportion of mainland visitors, and many mainland guests do not mind paying spicy tax. These high-priced mainland tourists, luxury property prices hit record highs, will inevitably stimulate the property market to offset the psychological factors caused by interest rates.

In fact, according to the data released by the Inland Revenue Department recently, the turnover of stamp duty on buyers of domestic customers and corporate customers recorded 483 cases in November. The government created a post-hot spicy high in November last year with a tax charge of as much as $ 1.07 billion. More than 90% on a monthly basis, is also added spicy new high.

If calculated in the past year, the cumulative turnover of buyer stamps recorded 3,434 cases, an increase of about 30% as compared with 2,550 cases in the last year spicy.

Wealth effect Mainland visitors by investment interest

In fact, in the past year, the economic growth in the Mainland continued without any hardship as the outside world worried about a hard landing. The property market also continued to prosper and the wealth effect was brought. Coupled with the stabilization of the political situation at the 19th National Congress, mainland investors’ interest in investing in outbound properties was increased. It is expected that for the foreseeable future, Pak Shui will still support the property market and become a major driving force in the luxury market in particular.