Hong Kong and Kowloon New Territories

Hong Kong and Kowloon New Territories

Jones Lang LaSalle announced that the latest “Residential Sales Report" pointed out that the price difference between the new plate of 752 square feet or less and the new type of new plate in the New Territories in Hong Kong Island has been significantly narrowed by 90% in the past five years. To 79%; the price gap between the new flats for small and medium-sized residential units in Kowloon and the new flats in the New Territories has narrowed from 35% to 14% in the past five years. Ma Anping, head of the research department of Jones Lang LaSalle, pointed out that the gap in property prices in various districts has narrowed. One of the reasons is that the new supply of residential properties in the past five years is mainly from the New Territories. Under the measures of the Government to curb demand for home ownership, the first-time home buyers will switch to the primary market. To bring more purchasing power to the New Territories new disk, which is more affordable.