20/3/2018-1

Real Estate Increased to a New High of 64% in 8 Seasons

Hong Kong Property’s first “home purchase intention survey" after the release of the budget, taking into account the market’s percentage rose to 64% in the first quarter of this year, 22% higher than the last quarter of last year, creating a similar survey 8 The proportion of new people since the publication of the report reflects the increased desire of the public to enter the market.

Lee Chi Shing, Chief Executive Officer of Hong Kong Land Development, pointed out that the financial case did not add or subtract “hot tricks” for the property market, and 57% of respondents believed that there was no obstacle to home ownership confidence. The upward trend of the property market is expected to continue. Some citizens have accelerated the pace of entering the market to avoid missing out on home purchase opportunities. In addition, respondents who intend to enter the market for building replacement accounted for 39% of the total, and it is expected that the “flat-for-house tax refund period” will be extended to support second-hand transactions.

More people tend to buy second-hand buildings

The survey shows that 55% of the respondents are inclined to purchase second-hand properties, which is 2% higher than the previous survey. It is also higher than the tendency to buy 1st floor for two consecutive quarters, reflecting the return of second-hand signs of purchasing power; And the price is relatively attractive, accounting for 29% and 21%, respectively, followed by relatively cheap management fees, accounting for 18%. As for those who are inclined to buy one-handed flats, the most important one is to take into account mortgage concessions and housing estate facilities, which account for 30% and 25% respectively.

The most important factor affecting the home purchase decision was that property prices accounted for 23% of the total and continued to be the most important factor. The supply of housing was about 19%, reflecting the public’s concern about local housing supply. As for the interest rate trend and building control measures, they accounted for about 17% and 14% respectively, which is similar to that before.

According to the latest information from the Land Registry, according to the latest information from the Land Registry, a total of 14,679 purchase and sale registrations of properties (including first-hand, second-hand residential, first-hand public housing, industrial and commercial shops and parking spaces) were recorded in the first two months of this year, which was a significant increase from the 10,835 cases recorded in the same period last year. About 35.5%, hit a new high of the same period in the last 3 years. In the first two months, the overall property registration amount was broken by “100 billion yuan”, which hit a new high year-on-year in 1997.

Second-hand transactions soar in the first two months

The most prominent performance was in the second-hand residential market. The number of registered second-hand residential properties in the first two months was recorded in 9033 cases, which was a substantial increase of 60.6% from 5625 cases in the same period of last year. Significant increase was achieved, with the year-on-year performance of registered residential property market outperforming. The market; involved a registered amount of about 70.17 billion yuan, an increase of about 85.9% over the same period last year, about 37.75 billion yuan.

In the private residential market, the number of first-hand private housing registrations in the first two months was recorded in 2007, which was approximately 6.5% lower than the 2146 cases in the same period of last year. The registered amount involved was approximately RMB 31.30 billion, which was an increase of approximately 16.9% from approximately RMB 26.76 billion in the same period last year. The situation of “divergence in volume or volume” divergence.

The total number of registrations for the first two months was 11040, an increase of 42.1% over the 7771 in the same period of last year. The registered amount involved was approximately 101.47 billion yuan, an increase of approximately 57.3% from approximately 645.1 billion yuan in the same period of last year. The increase was even more than the amount of registration.