The industry expects buyers to enter the market in the second half of the year
The Housing Authority announced yesterday that it has completed the detailed eligibility review of applicants for the “White Form HOS Secondary Market Plan 2019” (White House II 2019), and will today submit to 3,000 successful applicants, including 2,700 Family applicants and 300 one-person applicants issued approval letters and confirmations. The holder of the approval letter may submit a confirmation letter to the Housing Authority or the Housing Society to apply for a purchase qualification certificate within four weeks from the date of issue of the approval letter, which is valid for one year. Some real estate agents estimate that successful applicants tend to “buy houses in the first half of the year and buy houses in the second half of the year.”
This issue of “White House II” was completed on August 15th. A spokesman for the Housing Authority stated that each applicant who has successfully obtained the quota will be issued a letter of approval and two confirmation letters, each of which is applicable. Units in the “White House II” of the Housing Authority and units in the secondary market of the Housing Society’s residential sale plan. Holders of the letter of approval can submit confirmations to the Housing Authority and the Housing Society respectively to apply for a certificate of eligibility for purchase within four weeks from the date of the letter of approval, so that they can be listed on the HOS secondary market or residential sale plan Units on the secondary market that have not paid the premium will be charged 770 yuan per certificate.
Confirmation must be submitted within four weeks
The spokesman continued that the purchase qualification certificate is valid for 12 months and will not be renewed after the validity period expires. After signing the temporary sale and purchase agreement, the holder of the purchase qualification certificate must apply for a nomination letter from the Housing Authority or the Housing Society to complete the transaction. Applicants and family members listed in the application form must meet the eligibility requirements for “White House II 2019” from the date of submission of the application until the date of signing the temporary sale and purchase agreement.
Huang Liangsheng, a senior co-director of the Central Plains Real Estate Research Department, said that successful applicants often “dwell in the first half of the year and buy properties in the second half of the year.” He also said that successful applicants are generally concerned about whether there will be a salary increase or layoffs. If the economic situation worsens, resulting in unstable income, they will be worried and will be delayed until the decision is made, otherwise they will not rush into the market . Huang Liangsheng also estimated that the “White House II” this time will be more popular with residents of the city, such as Kowloon and North Hong Kong Island.
Zhao Guowei, the director of the Public Housing Federation, referred to the first round of the “White House II” temporary plan several years ago, referring to the plan that was launched at that time to stimulate and boost the property market. As for the government’s subsequent push for “White House II”, it is no longer visible There is too much fluctuation in the market. He believes that it is not just “White House II” that affects the price of unpaid HOS flats, but also involves different factors.
He said that there are currently many variables as to whether successful applicants will buy second-hand HOS flats
“This time may be affected by policies. The government has relaxed 90% of mortgage loans, and citizens have more choices in home ownership.” As for whether successful applicants will give up using “white “Ju 2” is eligible to enter the market, Zhao said that the situation is difficult to predict, but he quoted past figures, saying that in the past only about 60% of the “successful” people eventually bought units that had not yet paid the premium.