How does the demand for the northbound home buyers increase and balance?
In recent years, the Government has launched a number of property market hotspots, which have enabled more Hong Kong people to invest in the mainland property market. With the implementation of the Greater Bay Area of Guangdong, Hong Kong and Macao, it is expected that the demand for home ownership will rise, and how will the crisis be balanced?
Cai Junpeng, chief executive of Longteng International Real Estate, pointed out that in 2016, Hong Kong people bought about 400,000 people in the north, involving about 1 billion yuan. In 2018, the number of people rose to 600,000, involving about 1.6 billion yuan, of which 80% was investment. The buyer bought 72 Hengqin for about 60 million yuan.
With the implementation of Guangdong, Hong Kong and Macau’s Dawan District, it is more convenient to set up a job in the north. In the past year, a number of mainland banks have set up a team to review the income of Hong Kong people, which is convenient for Hong Kong people to carry out mortgage loans. Therefore, it is expected that the demand for home buyers will continue to rise.
He pointed out that with the convenience of the policy, the prospects for the property in Dawan District are everywhere. First, the state has invested a large amount of infrastructure, such as the Hong Kong-Zhuhai-Macao Bridge, which was launched last year. The Nansha Bridge was opened to traffic on April 2. Two cross-sea bridges will be built in the next 10 years. The deep-medium channel and the deep-bead channel will be dual-use channels for vehicles and high-speed rail. A city with a huge difference in property prices is bound to cause the Matthew effect.
Investment or self-use
However, there are still many differences in the property market and regulations between China and Hong Kong. There are still many things that must be paid attention to in the North.
He pointed out that Hong Kong people are most worried about buying unfinished buildings, but there are not many projects that are really unfinished. In recent years, the unfinished buildings in the market have mainly been corrupted by Hong Kong people, and they have purchased illegal items, such as buying small house property rights projects. The property rights of such small houses are the same as those of Hong Kong small houses. They need to have special status to buy them. Hong Kong people cannot buy them at all.
In addition, Beishang Property also needs to pay attention to the difference between title and use rights. The prices of individual projects are particularly flat. In fact, they only sell the right to use to Hong Kong people. Buyers can live or rent, but they have no title. If they later regain their rights, they will rebuild Hong Kong people. Not compensated. If the seller is financially ill, the project will be mortgaged, and the bank will not be guaranteed the right to use the building. Therefore, regardless of i