Bulk cargo before vacant tax is expected to slow down next month

In the past two months, the primary market was buoyant and over 1,000 transactions were recorded. Developers drove the government to take the lead in bulk cargoes prior to the announcement of vacant taxes. After the measures are announced, the developers will wait and see for a moment, and believe that the first-hand transactions will slow down next month.

The Government has pointed out that the increase in the number of first-hand goods in order to reduce the incentives for developers to hoard flats. Therefore, it is more imperative to study the introduction of vacant taxes. It is expected that the details of the measures will be announced at the end of the month. Developers see the government’s menacing trend. In recent months, they have apparently actively promoted the emergence of new flats and surplus units. The most obvious course is New World (00017) Clear Water Bay Prominence. The promotion of surplus units through agency commissions has been similar since May. About 300 units were sold and the remaining units were reduced to about 130 people.

Vacancy Tax If Development Developers Stand Still

On the other hand, brand-new project developers have also been pushing forward with bulk cargoes. There have been three large-scale new discs to be sold this month. North Point Pak Ulsan and Mong Kok Leo Square. Kay Kiang and Kaishi Pak Shek Kok, which were selling well in several rounds of sales, have achieved nearly 2,000 first-handed transactions this month.

However, as the developers increase their prices, the bearing capacity of the above new discs has obviously shown signs of slowing. If the vacancy tax is introduced, it is believed that developers will also wait and see the changes, and first observe the impact of the measures on the market. The first-hand volume will slow next month.