The new era of the property market, the first commercial and industrial buildings

Into 2018, the overall investment climate is good. First Pacific Davis Managing Director Yuan Zhiguang that due to abundant funds, the property market is entering a new era, the property market trend this year to better, and the first commercial and industrial buildings worth watching.

Into 2018, the overall investment climate is good, the property investment market, large transactions appear in series. First, the mainland consortium bought nearly 10 billion yuan from Hengda (00012) for all the commercial buildings at 18 Central Avenue, North Point. For East Kowloon, the fund group made a purchase of over 2 billion yuan into the Silom International Building Multi-storey commercial buildings. A single count of more than 500 million yuan trading in 2018 has recorded more than 150 billion yuan turnover. As for the stock market, HSI hit a new high for a number of trading days in 2018, a significant increase this year.

“To analyze at a high point of view

The hot investment market, described by Yuan Zhiguang as a big era for the investor market, can no longer be analyzed in the past. “To throw away the previous analysis and ideas is now a big era. For example, property prices may have been gradual upward in the past, Sudden jump in the past year, I believe we have to analyze and look farther from the top. “In his view, the current economic development is totally different from the past. The main reason is the inflow of capital.” In the light of Hong Kong’s possible introduction of “illegitimate rights in the stock market “A symbol of the future A lot of money flows into the Hong Kong stock market, the scale is different from before, the capital in Hong Kong may amount to trillions of trillion .If the inflow of funds, it will have an effect, part of the influx of real estate market, enough to make property transactions more prosperous.” Another Affect the trend of property prices for interest rates, he analyzed, now about 2% interest rate, and the market there are different investment opportunities, has been enough to offset the interest rate increase, it will not be much impact.

In the residential market, Yuan Zhiguang thinks developers and owners are more optimistic. Property prices seem difficult to call back in the short term. As for the young people who have difficulties in home ownership, he instead put forward the following: “In fact, whether we must buy flats? After all, it is an individual choice and young people should not Give up all their income and savings, give up other ideals or interests, let alone believe that new supply will be given to young people in the future. “He analyzed that the government may consider relaxing the use of industrial co-living spaces So that young people with limited affordability will be able to really make good use of their land. For example, a 10,000-foot industrial building site will provide 100,000 feet of floor space. If living together, more than 600 small-sized flats of 150 sq ft will be of better quality than public housing Poor operators can take young people. The trendy line not only relieves the shortage of supply but also palates the tastes of young people. The government should consider this.

Core area lack of shortage of commercial buyers

As for the investment market, since last year, commercial buildings have surrendered. In particular, large-scale commercial buildings have attracted attention. He pointed out that the demand for commercial buildings in the core area is in short supply. If there are any more transactions, the prices will certainly be favorable. “Some of our mainland clients said that the companies want to buy Hong Kong Central Commercial Building, the capital is not capped, as long as you can buy at the core, but we found that there is no pan market, showing that the core business district is not without buyers, but no one to sell. “He said that even if the Mainland has financial control, I believe there will be some changes. State-owned enterprises and large enterprises will not change their tendency to buy commercial buildings in Hong Kong.

In addition to the mainland funds, see the recent European and American funds to Hong Kong to sweep cargo, such as the British Fund last month to 2 billion yuan to buy North Point and Fu Hui Shopping Center, and the Gateway Capital together with several funds, denounced 23 billion yuan to the collar ( 00823) bought 17 shopping malls, Yuan Zhiguang believes that the re-investment of foreign capital in Hong Kong, because the mainland investment is not satisfactory, “In the past few years, foreign funds to raise funds to invest in the Mainland, but failed for many years, the main cause of loss to the Mainland consortium. Not flourishing. Now that there are so many large consortia, and the Tigers are not as good as land pests, they are rather fought in Hong Kong. ”

In recent years there appears to be adjustments to the retail market, it seems that the recovery, he believes that the investment value of shops began to appear, especially Minsheng District shopping malls. He pointed out that in the near future, the number of visitors to Hong Kong turned to be better. The rate of renting Yau Tsim Mong earlier in the Christmas holidays reached 97%, which will definitely drive retail sales. Investment, the Minsheng District shopping wins cheaper footsteps to attract funds into the market, “Recently, many local shopping malls fare of about 10,000 yuan, in fact, today even the land price even more than 10,000, together with the individual shopping center rent partial Low, as long as the renovation and reorganization of tenants, there is room for growth in revenue. ”

Activate the policy of industrial buildings a little flexible

Since December, a large number of industrial and commercial buildings have been trading heavily. I believe many people are looking forward to revitalizing industrial buildings. In his opinion, activating industrial buildings can provide new supply to the market. However, it is suggested that the government implement a flexible policy. “Many industrial buildings However, the previous government was not relaxed enough in the regulations. For example, activation of a certain number of parking spaces has already deterred many owners and their policies can be adjusted. “