A core area next year, commercial rent rose 10%

2017 into the countdown, Savills recalled the performance of the property market this year, the Group Research and Advisory Senior Director Sheng Shimin said Central Office rental demand has been strong, Admiralty, in Sheung Wan occupancy rate of up to nine Due to the limited new supply, rental of commercial buildings in the core area is still expected to be sought after. Rents could rise by 5% to 10% next year. In the retail market, consumer sentiment has been boosted and property prices have hit new record highs. According to Sheng Shimin, up to 5% of shop prices can be raised next year. Overall residential property prices, including luxury, can rise by 5% to 10%.

As the market is expecting a rate hike in the United States, Yuan Zhiguang, the managing director and head of sales at Savills, said bank interest rates have risen recently with a contribution rate of more than 2%. The bank is expected to adjust the prime rate (P). However, although Hong Kong has the opportunity to raise interest rates, it believes it will have little effect on the property market. It is estimated that 5% to 10% of small and medium-sized residential properties will grow next year and mansions will also develop smoothly. There is still room for growth in super luxury mansions of 500 million yuan or above.

Mr Chan Chau-kwok, Managing Director of Savills, said the government intends to develop country parks to tackle the shortage of land. However, as the development needs at least 15 to 20 years, the public see inadequate supply and fear that the property market will continue to rise. In his opinion, the government should give the public confidence and outwardly express the government’s policy of clearly increasing the land bank.

Hong Kong property prices expected next year, “high number of units” increase

In addition, Li Zhicheng, chief executive of Hong Kong Property Development, predicts that while the United States will raise interest rates and the earlier rise of Hong Kong’s mortgage interest rates has not had a significant impact on Hong Kong, it is expected that the Federal Reserve will have limited impact on the property market if the rate hike progresses step by step. It is estimated that next year’s property prices The increase will be “high unit figure”.