Jones Lang LaSalle: the next 30 months, property prices rose 15%

Jones Lang LaSalle estimates that the demand for housing is still larger than the unit stock, with the expected 5-year rate hike is only 1.5%, I believe the property market is still upside, property prices in the next 30 months will rise 15% Including the second half will rise 5%.

The next five years to raise interest rates by 1.5%

Jones Lang LaSalle yesterday published a “continuous upward: Hong Kong residential market rally report”, based on household income projections, it is estimated that about half of households in Hong Kong can afford private homes, involving about 1.28 million, higher than the total private stock 1.159 million. At the same time, a large backlog of housing demand will support property prices.

Jones Langyuki, deputy director of research firm, said that the next five years, the US interest rate increase is only 1.5%, interest rates alone will not make the market reversed, the expected property prices will rise 15% over the next 30 months.

At the same time, the report also pointed out that the current construction of new residential units with an average area of ​​600 square feet, 25% smaller than 2015, the smallest since 2001.

For the investment value of “nanometer building”, Jones Lang LaSalle Managing Director Zeng Huanping said that if there are rent requirements in the urban area and the remaining units, there is still investment value, but Tuen Mun and other new sectors in the New Territories will fall on the property market , May not be subject to market attention.

Mr Tsang also suggested that the Government should relax the “hot strokes” and mortgage to release the supply of second-hand markets.