Yongguang optimistic about the rise in small luxury home prices in Hong Kong is expected to slow down
The economy is good, Everbright Real Estate believes that the 2018 small and medium-sized residential prices rise slowed down, large units on Hong Kong Island mansion rose about 1 percent.
Kwong Tak Kwong fine price only rose 5%
In 2017, the property market showed good performance. Everbright Real Estate General Manager Kwong Tak-right said that as Hong Kong’s economy is good and it is close to universal employment, the stock market is doing well. People think that property purchase is normal. “Even if there is a spicy move in the property market, it is hard to stop the public’s heart.” He believes that the economy continues to be ideal while the rate of interest rate increase in the United States is modest. “If, after all, the rate hike will be simultaneously reduced and the economy of the U.S. economy will be affected, the rate hike is expected to be slow.” In terms of capital, With the financial strength ideal, Chinese and foreign investors are also interested in investing in Hong Kong properties. “Hong Kong’s system is good, the political situation is stable and attracting capital inflows.”
On the supply side, the urban land is rare and the government has encountered many difficulties in finding and housing land. Therefore, it is not so difficult to attract 20,000 houses each year. He predicts that the growth rate of small and medium-sized flats to 500 sq. Ft. Or below will slightly slow down to about 5% next year. However, large units will have a bigger increase. Due to developers’ preference for repossession strategy and higher cost, he believes large units in Hong Kong Island will have an increase of about 10% . As for the super mansion, he thinks that the degree of flats can be more unpredictable than the prices at the auctions.
In recent years, when parents and children pay for the first purchase of flats, he believes that many young parents have worked hard in Hong Kong for many years and have accumulated a certain amount of wealth. “My own property may have already been depleted. It is natural that sufficient funds are available to help our children get on the bus. What is more, the current economic ideal is not appropriate for helping children to provide their homes under the conditions of a poor economy and a high rate of unemployment. ”
Stanley mansion project next year, the current sale
The group next push, the focus is 16-18 Cape Road, Stanley, will build 4 bungalows. He said each of the three-storey units has a built-in pool, garden and lift with an area of about 5,000 to 6,000 square feet. It is expected to be completed in mid-2003 and will be launched in the form of a current building with two demonstration units. In his opinion, Southern District mansion is extremely rare and I believe it will attract local and Mainland millionaires. Another lucky one Luang has sold more than 70 partners, averaging an average price of about 30,000 yuan foot. The Group has adopted more than 10 units for sale. It is mainly composed of three-bedroom units with an area of about 840 square feet and two gang duplex units with an area of about 1,454 square feet and is expected to be launched by tender.