the core of building materials expected to rise 20% throughout the year
[Hong Kong Business News] Reporter Zeng Haorong reported: Cheung Kong (1113) held by the Central Center, 75% of the property rights earlier to 40.2 billion yuan changed hands, the office market sentiment further pushed to the peak, APL Commercial Operations Director and Director of Commerce Weng Hongxiang expects the performance of Core Area A in the core area of the rest of the year to continue to be good, and the annual price is expected to rise 20% to 22%. Tsim Sha Tsui is even more likely to become a new round of upward locomotives, of which the eastern tip should be noted.
Central Armor average breaking 40,000
APEX Business Index The PCX Price Index shows that the index gained more than 18% in the first 10 months of this year, an increase of about 21% over the same period of last year. Weng Hongxiang said that the core area A building price rise ideal, as of the end of October, the average price per square foot in Central, about 40,715 yuan, 40,000 yuan mark for the first time, setting a record high, total of the first 10 months of this year, the cumulative increase in price up to 32.6%, the highest in Hong Kong.
Outlook outlook, Weng Hongxiang believes that the commercial market is still optimistic about the reasons for the four, the first is the ideal market sentiment. At present, there are frequent cases of super-Diao and high-priced excuse ments. As commercial cost continues to rise, the potential for further escalation of A-ma is expected to increase. Secondly, in the policy address earlier, Chief Executive Tso Lam Yuen-chee proposed that the profit tax rate of the first $ 2 million business should be reduced by half to 8.25%. The measures will help boost the desire of small and medium-sized enterprises to benefit the fine commercial units. Thirdly, there is plenty of hot money in the market. As of September this year, the M3 money supply in Hong Kong has exceeded 13.5 trillion yuan. Looking ahead to high-quality investment opportunities, the prospect of building A is expected to see the high first-line.
As for the last reason, Mr Weng believes that there is a strong demand for capital from Hong Kong. Currently, there are 1,264 mainland-based companies in Hong Kong, ranking No. 3 with an average annual compound growth of 8.2% since 2012. With these growth rates and the Mainland’s promotion of “One Belt, One Road” “And” Guangdong, Hong Kong, Macau, Tai Wan “development. I believe the future Chinese-funded institutions will see more demand for A-buildings and the core areas will become more sought-after by the market.