Li Jia Ge expected next year, property prices rose more than 10%

Liao Wei-keung, president of Ricacorp Real Estate, said the group believes property prices will continue to rise in 2018 and the rate of increase will even reach 10% or above. Liao pointed out that while there is no obvious negative factors plaguing the property market in the market at the moment, the trend of interest rates is a major concern. However, it is not expected to cause too much pressure on the property market in Hong Kong. It is estimated that Hong Kong will only raise interest rates by half a percentage point next year, The pressure on the mortgage burden is limited, I believe unimpeded public confidence in the market.

Liao Wei-chuen said that it is still difficult to really strike a balance between supply and demand in the coming two years because supply is unlikely to increase in the short term. Instead, local and overseas funds will continue to show strong demand and desire to enter the market, including capital from the Mainland Will be closely involved in the luxury market, it is estimated that next year’s luxury property prices will not be less than small and medium-sized property.

Material mansion trend is better than small and medium-sized units

In dealings in the property market, Liao Wei-Qiang estimates that the aggregate registrations of primary and second-hand private houses will increase by about 3% next year to 60,000 for the whole year. Of the total, the number of first-hand private houses is expected to reach 20,000, about 8,500 more than about 18,500 in 2017 %, While the volume of second-hand private homes rose slightly by 0.5% to about 40,000 from 39,800 this year. Turnover of private houses as a whole will be expected to continue rising. The transaction value of first and second hand private houses will further rise 14% next year, surpass 600 billion yuan and challenge the second highest level ever recorded since 1997 for 620 billion yuan.