Policy remodeling ladder high real estate prices is not easy to suppress

In response to the aspiration of the public for housing and home ownership, when property prices soared in recent years, raising public housing tended harder. When the Chief Executive, Mrs Carrie Lam, published his first Policy Address, she said that housing policy is “a top priority” And put forward the “new thinking” such as green living (green table living plan) and the introduction of the pioneer plan of the upper deck of the Hong Kong people (the first set plate); however, some scholars think that the relevant measures will have an impact on the trend of property prices With limited impact, property prices are expected to rise another 5% in 2018.

Mrs Lam proposed to reshape the home ownership ladder and greatly increase the supply of subsidized housing. The Green House policy between rental public housing units and Home Ownership Scheme (HOS) flats will be normalized and the green home units will be substantially increased Supply, speeding up the flow of public housing units and responding to the demand of PRH tenants.

The first project to be launched after the green housing project has been normalized will be 4800 units for the reconstruction of the former Fo Tan bungalow area at Wong Chuk Yeung Street in Fo Tan. It is expected that the pre-sale will be completed by the end of 2018 and completed from 2019 to 2020. In conjunction with the estimated total number of 4 HOS estates to be received by the Housing Authority (HA) in March 2018 for a total of about 4 400 flats and the two subsidized housing schemes of the Housing Society, which have already received their applications and are expected to start their property picking in 2018, 620 gangs, a total of about 9820 subvented housing units are expected to debut in 2018 [Form].

2018 subsidized housing less than one million

As regards the first-home-plan, which the market has been most concerned about, the industry was originally expected to develop in a public-private mode. The first will be supplied by thousands of units and will touch on developers’ applications for land-exchange projects to help speed up the conversion of agricultural land to residential property Land. As a result, what the Government has thrown out is a “pilot scheme” which piloted the trial of Anderson Road in Kwun Tong in 2018 and involved about 1,700 flats, including 1,000 first-unit flats. Due to the time-consuming development, it probably means about 2020 There are the first batch of home plate unit pre-sale.

Property prices can still rise another half

Pan Yongxiang, a senior lecturer in Urban Construction Science and Technology, pointed out that Green House’s proposal has great negative opinions in the community. The first home plate has not yet announced the specific content and long-term development plan. He said that at present, there is “no good support” for the new housing policy by the community. With only 1,000 units provided for the first project of the first resettlement plate, it is estimated not enough to meet the demand. The impact of the new housing policy on property prices is limited. Even if interest rates rise, As a whole, property prices are unlikely to plummet in 2018 and there is still room for some 5% upside in the whole year.