Property market stabilizes, citizens’ desire to enter the market picks up

The property market has been trending repeatedly this year

It has been half a year since Hong Kong was involved in social events. The property market has slowed down and property prices have seen adjustments. Nonetheless, the market is still supported by favorable factors. In October, the government released a cap on the guaranteed property price to help release purchasing power. In addition, the low interest rate environment in Hong Kong is expected to continue. Coupled with strong rigid demand, housing supply will be in short supply in the short term. Sino-US relations remain stable and the property market is expected to stabilize. According to the latest survey by Hong Kong Real Estate, the public’s willingness to enter the market has risen and reached a new 7-quarter high, and the proportion of planned replacements has reached a record high, reflecting that many citizens still have confidence in the market outlook.

In December, the Bank conducted the “Purchase Intention Survey” for the 4th quarter of 2019 through questionnaires, and successfully collected 390 valid questionnaires

The majority of respondents (22.1%) believed that the trend of Hong Kong property prices would be stable in the next 12 months, followed by 20.5%. Within 5%, 19% believe that it is 5-10%, while 17.7% believe that it is more than 10%, and about 20.8% are optimistic about the market outlook. The survey also showed that 39.7% of the respondents plan to enter the market in the next 12 months, with the ratio rising by 1.6 percentage points quarter-on-quarter and about 5 percentage points year-on-year. It can be seen that with the government’s relaxation of guarantees and the adjustment of property prices, it is expected that many citizens will be eager to take the opportunity to look for bamboo shoots to enter the market.

After the government relaxed the guarantee, the property exchange chain was restarted

The survey showed that 47.2% of people bought property for the main purpose of property exchange, a record high in the second quarter of 2017. % Is second, and 23.3% is used for investment. Prior to the announcement of the new housing policy, 90% of mortgages can be made for properties of 4 million yuan or less, but there are limited options for such properties, and the government increased the ceiling of 90% of mortgage loans to 8 million yuan in October. Citizens who have the ability to make contributions but lack the first installment are more likely to get on the car and have more choices; the government has also increased the ceiling of the mortgage loan housing price from 6 million yuan to 10 million yuan, which will help promote the property exchange chain and make the property market healthy development of.

At present, prospective buyers are generally inclined to purchase first-hand market properties. The reason is that developers are able to provide a high percentage of mortgages and disguise the purchasing power of second-hand properties in disguise. At present, many families on the market consider the property prices of two to three-bedroom properties more than 10 million yuan, but according to the property of 10 million yuan or more can only build 50% of the mortgage. Relax the property mortgage ceiling of more than 10 million to 15 million yuan, from 50% to 70% at present; it is recommended to increase the ceiling of property mortgage of more than 15 million to 20 million yuan from 50% to 60%, to further activate the property exchange. Chain, comprehensively improve the situation of second-hand circulation.


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