Zheng Zhigang estimates the property price this year: the number of units in the increase
The property market in Hong Kong has recently risen sharply. The Central Plains City Leading Index (CCL), which reflects second-hand property prices, was reported at 183.82 points on Friday, and has risen for 12 consecutive weeks, not far from the historical high of 188.64 points. The market believes that the rising tide of the property market in Hong Kong will continue. Chen Yongjie, president of Zhongyuan Real Estate Asia Pacific Residential Department, predicted earlier that CCL will break through the peak point this season.
Millenium has strong demand for housing
New World Development (017) Executive Vice President and General Manager Zheng Zhigang said in an external power interview yesterday that Hong Kong’s property market is expected to achieve a medium-digit growth this year. The market is considered to be very strong, and the affordability and wage increase are also good. It will provide a boost to property prices in the next six months. He also said that the decline in property prices last year was short-lived. Due to insufficient supply in the market, the newly-born millennials have strong demand for housing. This lack of supply will push Hong Kong property prices up steadily.
On Monday, US President Trump suddenly announced that he would impose tariffs on China as soon as possible. When the news came out, the stock market plummeted, which also caused market worries. If the situation continues to affect the trend of the property market in Hong Kong, Bu Shaoming, the chief executive of the Midland Real Estate Department, responded to the local media earlier that the trade war has not been completely resolved, and the market is hard to say absolutely. clear. He pointed out that once the trade war is repeated, it will inevitably have a certain impact on the property market, but even in the most intense trade war, the property price adjustment period is only 5 months, which is the shortest of the three property market adjustment periods in the past 10 years. Once, it reflects that the local market has just needed ample housing, and it is difficult for property prices to have long-term downside.
In addition, during the property price adjustment period last year, many people eager to get on the train missed the short-term market entry opportunities. I believe that many prospective purchasers will wait for the opportunity to “sell the goods” and bring support to the property market to a certain extent. Even if the United States imposes tariffs, even if it comes true, the impact on the property market is only short-lived, and it is difficult for property prices to fall.