China and Hong Kong developers to increase by 10 years without boundaries

Return to 20 years, the mainland funds from Hong Kong to buy a house, evolved into the development of land. Gabriel (00617) Chief Operating Officer Fan Tong believes that local developers should adapt, the bid will be more aggressive, 10 years after the boundaries of Hong Kong developers gradually disappear.

“The biggest change in the 20-year period is the change of the whole property market, the increase in demand, and the economic capacity of the Mainland, and the competition for Hong Kong people (buyers) and the increasing price of property.” It is expected that as part of China, Hong Kong’s education and law and order are better than the Mainland and the future will attract more Mainlanders to buy flats.

In fact, the mainland tourists come to Hong Kong to buy the boom from the beginning of SARS, to reach the peak in 2012, the proportion of mainland passenger accounted for 4% of the new disk. In recent years, mainland funds have been invested and raised by individuals, and more and more Chinese enterprises have come to Hong Kong in recent years. The four residential sites launched this year are won by Chinese-funded consortia.

Mainland China to suppress the property market to expand outward

Fan Tong believes that there are many reasons behind the fact that China has come to Hong Kong to invest in Hong Kong, including the diversity of the Mainland tax system. The tax rate is higher and the attractiveness is less than that of Hong Kong. The mainland consortium also hopes to expand outward. To come to Hong Kong, he believes that the situation will continue, and with the project to sell, after the return of funds, and then mobilize the flexibility will be greater.

In the face of these new competitors to grab the price, Fan said that most of the local real estate business owners are generally older, after storms, investment bid more careful, on the contrary the mainland developers are generally younger, willing to Bo, the bid is also aggressive The He said that you have made a lot of people, more careful is the human nature, but the mainland real estate developers in the former competitors, Hong Kong developers have to learn slowly, or if each land were taken away, it is difficult to continue go with.

The situation is repeated repeat 97 down slightly

Some analysts believe that with the growing Chinese power, and Hong Kong investors in the future or on an equal footing “split the world”, Fan Tong admitted that the situation may not occur in recent years, the long term is not impossible, when the mainland developers to participate more and more The greater the number of developers in the two places will be more and more, and the Hong Kong and Hong Kong boundary will not be so clear. He pointed out that there was still a boundary in 2017, but it was possible to go to 2027 and could not be divided.

For the current property market is more crazy than 97 years, Fan said, property prices can be denied more than 97 years, but the current property market has a lot of different and 97 years, including the year there are a lot of speculation, “touch the goods” phenomenon, and now Because the additional stamp duty to make speculation, and then the mortgage number can be as high as 9 percent, the current mortgage depends on economic capacity, so he believes that can not see the opportunity to repeat 97 years crash, unless the external black swan’s major economic risk, Or war.