Effect of Strict measures is every where. The property price index rose 6.6% during the season and the property visiting quantity decreased 30% when the Easter Day holiday coming.

Easter Day holiday is coming and it is good time for brief summary of the first season. The property index rose from 115.78 to latest 123.45 which was being the second highest in history. The increasing range of it was 6.62% during the season. Although there were factors of double stamp duty and banking increasing mortgage interest in the season, but the data always lag behind. The effect from the measures did not completely be reflected in the index. Besides, the property price index of the first season and the fourth season last year were separately rose 6% and 5.1% during the season if compared by season and by year. The property price increasing speed this year is obviously more rapid. The effect of government’s two strict measures which launched in October last year were doubted. 　 Huang Liang-sheng, the senior associate director of Centaline Property research department expressed, the latest index reflects the property market situation of the following week after DSD took effect. Plus with Cheung Kong’s new project One West Kowloon in Lai Chi Kok promoting the sales by price cut in lofty tone on 7th March, the trading of second hand property sharply decreased. It suppressed the the increasing of the property price. The latest CCL was 123.45 which fell 0.18% by week. The CCL Mass was 122.72 which fell 0.21% by week. The continue rising of CCL and CCL Mass in four weeks both stopped. CCL fell 0.2% by week and its continue rising for four weeks stopped. Huang Liang-sheng predicted, the DSD and banking increasing mortgage interest cooled down the property market. But government’s lands being sold at high price benefited the property market. It is predicted that the adjustment of property price will slow down. Bank of cyprus’s crisis lifted on 25th March and two government lands sold at high price on 27th March. The effect from these two events to property price will be reflected by CCL that announced in second half of April. 　 Checking the data and found, the CCL in the fourth season last year rose from 110.14 to 115.78 with the increasing range was 5.1%. While the property price index in the first season last year rose 6% during the season from 95.47 to 101.17. In comparison, the property price index in first season this year already rose from 115.78 to latest 123.45 which is the second highest in history. The increasing range in the season was up to 6.62%. The data reflected, government’s two strict measures which launched in October last year seems had no much effect. Current problem still exist while the former problem also unsolved. The daily property visiting quantity of the ten large housing projects decreased 33%. In fact, there will be many people go out for travel during holiday of Easter Day. Plus with the effect from strict measure and interest increasing, it is natural and expected that the property visiting quantity on weekend sharply decreased. Data of Ricacorp Properties research department pointed, during the 4 days of holiday, the average daily appointments for visiting total 50 index housing projects in Hong Kong on weekend just only 705 groups. It sharply decreased 30% compare to the data of last weekend. In addition, the falling of property visiting quantity has ket for 5 weeks since government launched the strict measure. As for the 10 large index housing projects, the daily appointments for property visiting only was 200 groups by record. It sharply decreased 33% by week. It reflected most citizens chose wait and see when facing the unsettled property market. Chen Kun, the housing department chief executive of the Midland Group pointed the following aspects. Government launched the strict measure in the end of February. The haze from the strict measures never go away in the past more than one month. And visiting quantity of the second hand property still less. So the current focus of property market still is new property. There are many projects going into the market in short term. Some developers also additional launched new houses to the market. So the atmosphere of new property market is relatively better. The daily appointments which made during the four days of Easter Day holiday for visiting 15 second hand index projects in Hong Kong on weekend is only about 518 groups by record. It dropped about 5.4% comparing to the quantity of last weekend.

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