A too: more than 500 million super mansion look pretty

Yuan Zhiguang, managing director and head of sales at Savills (Hong Kong), said he believes the P rate will be adjusted at the end of the year or early next year and the property market is expected to grow by 5 to 10% next year. As for the mansion Will remain stable, but more than 500 million super mansion expected there is still room for growth, an increase of 10% to 15%. Yuan believes that the large turnover of billions will continue to flourish and will become the new normal, with commercial and government land mainly being the mainstay. He also expected that when the government relaxed the spicy scheme two or three years later, the supply of second-hand disks would be released. This reporter comprehensive report

At present, the successful turnover of new property in the single-hand market of the property market is more than that in the first-hand. The second-hand transactions are obviously less than the first-hand. Buyers have followed the primary market. The industry believes that the spicy move of the government distorts the market.

Savills unveiled its 2018 outlook for the property market in Hong Kong. One too too Yuan Zhiguang said that if the government loosens the spicy move, second-hand real estate will be released in the market and there is no real market crisis in the short term. Yuan predicts moderate increases in property prices in Hong Kong of 5% to 10% for general residential properties next year, while the super mansions continue to have room to rise due to strong demand. Yuan continued, in the face of fierce market competition, developers will depend on market trends and peer strategies to adjust property prices.

Minsheng Mall rents rose 10%

For the upcoming U.S. rate hike, Yuan said he is not too worried about this situation because HIBOR has been raised earlier. He believes the prime rate will continue to rise by the end of this year and early next year.

In respect of the leasing market, Yuan is more optimistic about office rental performance. In particular, the rent increase in Central District is on a high level. However, due to increased supply in Eastern Kowloon, rent may not rise more likely. As the pattern of consumer spending shifts to online shopping, shopping mall rents will be under pressure but the rents for shopping centers selling livelihood items will rise by 10%.

Home ownership is intended to rebound to over 40%

In addition, Li Zhicheng, chief executive of Hong Kong home ownership business, said that after the announcement of the policy address, the housing policy is clearer and the public is expected to pick up the market. Despite the owner’s aggressive pricing, there is a shortage of second-hand sources. Some consumers are worried that the later they buy the more expensive ones. Looking forward to next year, property prices in the whole year are expected to see a “high number of units” growth of less than 10%. It is worth noting that according to a survey conducted by the bank, over half of the respondents indicated that they tended to buy second-hand properties. As a result, newly emerged housing estates became a hot spot in the market. Circulation rates were superior to those of traditional estates and supported second-hand transactions. Second-hand registration rose to win the hand, the annual second and second-hand residential registrations up to a total of 68,000.

According to the latest findings of the survey conducted in the fourth quarter conducted by the bank, more than 60% of respondents expected the property prices to go steady next year, taking the proportion of those entering the market back to over 40%, up from 23% to 42% Similar surveys conducted in mid-October rose nearly 19 percentage points. Li Zhicheng believes that the interest rate hike soon after the U.S. interest rate hike, but the public has already slowly digested the relevant news. Recently, the substantial rise in the interbank H-share interest rate in Hong Kong has seen no significant impact. I believe that as long as the rate hike progresses step by step, The impact of the property market is limited.