Property prices measured next year, the agency estimated more than 1%
Property prices have obviously been on the upward trend this year. Many surveyors and agents all believe that due to the favorable economy and strong rigid demand, even if interest rates increase next year, it is hard to resist the upward trend. At least 10% of property prices are expected to rise next year. More expected to reach 20%.
DTZ estimates that the property transaction volume for the year totaled 86,000, up 14% yoy, the best performance since 2012. Tao Ruhong, Vice President of Greater China Region and Greater China Strategy Development Adviser, said that the total number of residential sales this year totaled 60,000, the highest in nearly three years, reflecting high public interest in home ownership.
Spicy tricky deterred the property market urged the government review
Looking forward to next year, Mr Tau believes that there is a temporary hard-and-fast rise in property prices. The main reason is the economic ideal in Hong Kong. The jobless rate has hit a record low. With close to full employment, people have an interest in home ownership and a rigid demand. However, he pointed out that as long as the interest rate increase is slow, the impact on property prices will be limited. He predicts that property prices in Hong Kong will rise by about 10% in the first half of next year. However, individual prime luxury properties are expected to increase by 10% to 15% due to very little supply.
The industry generally optimistic about the property market next year, Jones Lang LaSalle managing director and head of capital markets Zeng Huanping believes that the fundamental factors of the property market next year, low interest rates home buyers, and stressed that the banks have been mortgage buyers mortgage test, even if The rate hike next year may have already been digested, so the property market bubble is not large, he expected next year, residential property prices rose at least 10%, if the market conditions than expected, property prices up 20%, and more optimistic about the mansion.
He pointed out that the government has been moving to curb the property market for years. However, the property prices have kept going up. This has already reflected the spicy move is not effective. The government is recommended to review the measures to cool the property market so that the property market can resume its normal operation. Or allow buyers to pay taxes in installments and stamp duty and mortgage rates in the secondary market.
Midland expected next year registration of 86,000
Property agents are also optimistic about the property market next year, property prices led by the new sales continued to rise, AP’s property chief Bu Shaoming said that in a low interest rate environment, “dependent on” purchasing power support, and “New Hong Kong The formation of new purchasing power, living demand remains large, 3 factors will support the property market in 2018 continued the rally, estimated property prices rose 5% to 10%.
Supply will increase next year. It is expected that there will be about 26,500 new supply cities to supply Yuen Long, Tuen Mun, Tai Po and Tseung Kwan O areas. Bu Shaoming means that the economy is good and the unemployment rate is low. He believes that there is still plenty of purchasing power. It is expected that there will be a total of 86,000 property registrations next year, amounting to $ 750 billion, a record high of 28 years. The first-hand and second-hand transactions recorded 20,000 and 46,000 transactions respectively, amounting to $ 250 billion and $ 330 billion respectively.
As regards land prices, local housing was actively tendered this year. In the first half of the 6 plots sold in the first half of the fiscal year, the participation rate reached 100% and the winning percentage rate rose to 67%. There will be a number of high-quality launches this year and next, including Kai Tak and Anderson Road in Kwun Tong. It is believed that the UCH will continue its active investment and have the opportunity to attack the joint venture consortium. It is expected that Land prices will rise steadily.
The principle of Central China means that due to the impact of the rate hike, the increase in private buildings is expected to narrow next year, up about 10% and contributing about 8% of the rent increase. The turnover of the whole building is expected to reach 90,000 in the whole year, involving an amount of 800 billion yuan, challenging the post-1997 high. Among them, the turnover of first-hand private buildings will rise to 20,000, with a turnover of about 260 billion yuan. The second-hand market will be maintained at a level of about 40,000 with a total value of about 300 billion yuan.
In the non-residential market, both DTZ and Jones Lang LaSalle are predicting that the overall investment climate next year will still be satisfactory and the market is optimistic about the value of commercial buildings. This will attract local, mainland and foreign investors.