AP: Super luxury property prices up 20%

the 2018 Spring Festival, said the dog-year property market will undertake the strong year-old chicken, one hand dominated the market this year, pushing the new disk volume of more than 20,000 partners expected There are about 20,000 registered private residential units and about 48,000 registered second-hand residential properties. Property prices in the medium to long term are still healthy. The main reason is that Hong Kong’s economy is well-adjusted and the unemployment rate is even at a 20-year low. The SAR Government supports The development of finance, science, technology and innovation and technology businesses will be conducive to attracting Mainland and foreign investors to invest in Hong Kong, all of which strongly support the property market. Therefore, it is expected that the annual property price will register an increase of about 10% this year, and then record a record high. Optimistic about the super luxury property prices can be increased by about 20%, but the transaction will not be too much; also particularly optimistic about the trend of office space, is expected to Class A commercial prices rose 15% to 20%, rent rose 10%; another optimistic about the industrial market, Price is expected to rise 10%.

Land prices expected steady upward

Huang also pointed out that although the recent stock market fluctuations, but temporarily not seen for the property market to bring too much negative impact, because the majority of current buyers into the market with strong long-term investors, or family members to support the market to young users, There is an actual rigid demand, unless the stock market sharp plunge once again, and affect economic performance, otherwise the real estate market is expected to steady development.

Wong continued that the short-term focus of the property market will be the “Budget” announced next week and the “New Year Land Sale Plan” announced the next day. It is expected that there will not be any significant change in housing policies within the Budget. Even more noteworthy is the land sale plan. She expects the land sales competition to remain intense this year. However, it is estimated that there will be less land premiums in the future than those expected in the market. Land prices are expected to rise steadily.

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