Liang Zhijian: Trade war does not affect new pricing

The trade war is on the rise and the developers are not afraid. Liang Zhijian, vice chairman of Wheelock Real Estate (020), met with reporters after the shareholders meeting yesterday. He said that the Sino-US trade war has been going on for a long time, and the recent trade war situation will not affect the pace and pricing of the Group’s new sales. He pointed out that the trade war is not good for both sides and the world economy. However, it is believed that Hong Kong people have strong adaptability. For example, the stock market has fluctuated due to the changes in the trade war, but it has quickly rebounded. Therefore, it is believed that the trade war will have little impact on the Hong Kong property market. .

The Real Estate Developers Association has held two meetings on the tender for new tenders. The last meeting set out new guidelines, requiring new discs under 1076 sq ft to be tendered for sale. Liang Zhijian said that all the meetings of the Association for Construction and Construction are held spontaneously. I hope to give outside and government information, and the industry will be self-disciplined on the issue of tendering.

There is no consensus on the definition of luxury houses

At the same time, the Association for Construction has suggested to the Government that the vacant tax should be exempted from units of more than 1,000 square feet, but no response from the government has been received. However, the recent Legislative Council agenda is busy. He said that regardless of the proposals submitted by the Chamber of Commerce or the legislative procedures for vacant taxes, the industry may continue to pay close attention to the relevant progress.

He also said that the members of the Association for the Construction of the Association did not reach a final consensus on the definition of luxury homes. Although it is generally recognized that more than 1,000 square feet are luxury units, some developers have proposed that their properties do not have thousands of units. It is proposed that luxury houses should adopt the three-bedroom unit as the starting standard. It is also proposed to include the characteristic units of the rooftop or garden into the luxury residential area. As for the property price as a standard, it is also one of the considerations. The Geotechnical Construction Association will meet again in the short term on the definition of luxury homes.

In addition, at the shareholders meeting, he was asked why the group ventured into the land of the Kai Tak Runway area. Chairman Wu Zongquan responded that the group will decide on the land form due to the market conditions, market sentiment and its own financial situation. He stressed that the Group has been bidding for land through joint ventures from time to time, which is not the case in the near future.