One-handed private-property sales increased sharply before the “hot trick"
The “First-hand Residential Property Sales Ordinance" was implemented in April 2013. So far, the property market in Hong Kong has been affected by “hot tricks" and tightening mortgage measures for about five years. As a result, purchasing power has tended to be new. Zhang Junlei, senior manager of Midland Real Estate Real Estate Data and Research Center, said that the total amount of residential property purchases in the past five years (May 2013 to January 24, 2013) has recorded about 2.2 trillion yuan, of which involving 897.23 billion yuan in the sale of first-hand private properties. This accounted for as high as 40.5% of the total, which was 26.7% higher than the five years before the “Regulations" were introduced (May 2008 to April 2013), a significant increase of 13.8%.