The property market is not bear.

June and July are traditional test quarters, coupled with frequent rains, these factors have slowed the pace of buyers entering the market, even though, property prices continue to rise!

In fact, at the end of June, the Chief Executive, Mrs Lam, has announced the “Three Objectives and Six Measures” to ensure that the property market will be cooled. One of the measures is to levy a vacant tax on first-hand properties. The announcement of this measure has indeed accelerated the pace at which developers will launch the cargo tail unit, and it has slightly converged in terms of pricing, so as to clear the cargo tail unit as soon as possible.

The four-year World Cup started in June, and entering July is the climax of the championship. These world-famous events, regardless of the owners, buyers and brokers, will naturally affect the sale and purchase of the property.

The Sino-US trade war also began at the end of June. At first it was thought that it was only a gesture of the United States toward China. It is estimated that it will not last, and it will only be a dispute of arrogance. However, when China countered the US trade war, the United States immediately increased its efforts, forcing China to continue to fight back for the sake of wrestling, and this trade war continued. All over the world will affect the economy because of this trade war. Hong Kong is also difficult to avoid. If it continues to deteriorate, the future economy will be damaged, and the property market will not be able to protect itself.

There is another factor that will affect the future property market, that is, the Fed is raising interest rates in September. Since 2006, Hong Kong’s interest rate has remained at a low level. Everyone has not tasted the impact of raising interest rates. Especially those buyers who entered the market within this or two years, the rate hike will definitely bring more or less impact on them. And influence.

All the above-mentioned unfavorable factors on the property market have a positive impact on the property market in July. It is supposed that the business will be a stagnant water. The real estate market will be full of water, but this is not the case. The transaction in the primary market still exceeds 1,000 in July. The transaction of the property is not going to be a stagnant water. Such unfavorable factors are concentrated in July, and the property market still has such a good performance. The author’s analysis has verified that the property market has not yet entered the bear market stage, and the property prices in the second half of the year are still pretty.