Laiwu expects property market volatility in the second half of the year
Knight Frank yesterday announced the second half of the Hong Kong property market forecast report, the bank said that Hong Kong property prices rose 5% in the first quarter, reflecting the property market is good, but the Sino-US trade war affects the property market, the housing market is still dominated by the first half of the year. Lin Haowen, senior director and director of valuation and consulting at Knight Frank, pointed out that due to Sino-US trade war and Brexit, the market sentiment will be affected. The property market in the second half of the year may be more volatile. It is expected that the average residential property price will be stable throughout the year, while luxury homes and super luxury homes have 5 % increase.
He also predicts that there will be 100,000 residential properties in the next five years, with 55% concentrated in the New Territories such as Tseung Kwan O, Pak Shek Kiu, Tuen Mun and Yuen Long, 41% in Kowloon, and 5% in Hong Kong Island. 4%, and 700% of the houses account for 7 to 80%, which should be more popular.