Huang Jianye: no building no hair

Last year, property prices surged by over 10% to a new high. AP Wong (01200) Chairman Wong Kin-yee believes that the property market will see a weaker upward trend in 2018 but a 10% increase is still expected. He even said that “there is no building without a building,” saying that buying a “brick” can be preserved.

Property prices rise as hard to top estimate

Mr Wong said yesterday at the dinner at the Associated Press that the property market is now at a high level. This year, faced with the pressure of increasing housing supply, the interest rate hike in the United States and the reduction of the balance sheet, the upward momentum in property prices will not be as strong as last year. However, with sufficient capital and rigid demand With support, property prices are still estimated to rise 10% this year. He personally optimistic about the independent villa land, Grade A commercial and industrial buildings three categories. In residential areas, the demand for fine buildings is high, and the price increase can be synchronized with the market. The medium-sized flats are subject to spicy measures and the upward trend will be slow. Super mansions will continue to record breaking.

When the property market peaked, Huang Jianye made it plain that it was hard to estimate. However, he emphasized that “I should not pay for sunbathing until the end of the property market.” If the general public have enough funds to pay for the first phase, the building is a necessity and can buy and live.