AP: Good property market Wang Hao home price increase outperform small household

Economic fundamentals are good and Mainland funds continue to flow into Hong Kong. AP Wong (01200) Vice Chairman Wong Jing-yi expects the property market will take on 2017 growth in 2018 and property prices will outperform small and medium-sized apartments.

Huang Jingyi: The first car plate profit building market

The local economic environment is good. Chief Executive, Mrs Carrie Lam, introduced measures to assist home buyers in the policy address to benefit the 2018 property market. Wong Ching-Yi pointed out that the impact of mainland capital on the property market will continue for years to come. “The pool of skilled immigrants from overseas and the Mainland will have the opportunity to become new Hong Kong residents and establish families in Hong Kong to become a new demand for local housing.”

Wong Ching-Yi continued that the Belt and Road concept, the renminbi bond market and so on have brought more employment and economic opportunities to Hong Kong and stimulated housing demand. As for foreign companies doing business in Hong Kong, they are in a strong demand for luxury properties as stepping stones to enter the Mainland. All kinds of positive factors, coupled with the supply of new luxury mansion less estimated luxury property prices rose 10% or more. The second-hand luxury homeowners reluctant sellers, support the cost of a new high.

Small medium-sized new disc posted second-hand price push

As for small and medium-sized flats, since such flats account for about 70% of the total supply of new flats in 2018, which is a relatively high proportion, it is estimated that the developers will push the flats to “turn around as goods” and will be priced close to second-hand while the entire small and medium-sized Unit market, property prices rose 5%, the premium between the new disc and second-hand will also be narrowed.

For the first policy address of Mrs Carrie Lam pushing Hong Kong people onto the car, Huang Jingyi pointed out that the measures should be taken in the right direction. “The government has given the community another home-improvement ladder to respond healthily in a healthy way.” The planned unit is only about 1,000 at a time, which is not a big figure. Although measures may have an impact on the fine-priced private property market, if Penny House is located in urban areas, itself still competitive.