Financial Secretary does not reduce property prolicy, second-hand property sold with loss

Mobil owners suffer more than 1.5 million tax to sell the property

new Budget as expected did not reduce hot property market, the secondary market yesterday, there is more erosion cases were miserable, Lai Chi Kok Mei Foo Sun Chuen become a new hit, nearly a thousand feet large utility unit, original owners pay a hundred million tax to sell the property, Wong Tai Sin Lions Rise with a carrying eclipse HKD one million turnover. Market participants generally no mention of this Budget are disappointed reduce property prolicy, called on unbundling should be timely to relieve pressure for flat vehicle on the public.

Large estates registered a further erosion make the case, the market sources, Lai Chi Kok Mei Foo Sun Chuen a 16 Lower Broadway, Room A, the salable area of ​​997 sq ft, $ 11 million transaction price, price of HKD 11,033 equivalent feet. As the original owners in 2013 to HKD 1,103 ten thousand to buy, so far the book has changed hands eclipse $ 30,000, while less than three years since the cargo hold is charged 10% of the special stamp duty on property prices, along with other co-owners of the original estimated costs so damaged hand More than 1.5 million.

Lions Rise 2.1 million loss hands departure

Coincidentally, Wong Tai Sin Lions Rise cases also undermine hand, Ricacorp Bao Yun said case unit 6A seat middle C room, 827 sq ft of salable area, price HKD 1,130, HKD 13,664 price equivalent feet. Original owners spend nearly HKD 1,288 in 2013 to buy, the book has changed hands Jintang eclipse over 150 million, together with disbursements estimated total eclipse of more than HKD 2.1 million.

The industry refers to the middle of the economic slowdown relatively sensitive reaction, so that the middle class has become concentrated urban large estates falling market locomotive. Centaline Property, Senior Associate Director Liang-liter pointed out 19 weeks to adjust prices, which Quarry Bay Taikoo Shing tired and fell 14.8% and Ap Lei Chau tired and fell 12.8%, higher than the 12.1% decline on Hong Kong Island.

Knight Frank: Government should be timely Save spicy

Agents industry generally believe that the Government should reduce the spicy timely, in response to public needs. Knight Frank believes policy involves many aspects, but the Hong Kong residential, commercial and retail property market in the short term to boost insufficient. Knight Frank's Director and Head of Greater China Research & Consulting Jiyan think fast, increase housing supply to help balance supply and demand, but the longer-term supply of land will depend on the change of government, communities, and green land use proposed by the Government could implement, but no mention of the current property market cooling measures implemented pity for budget.

Centaline Property Residential Asia Pacific president, Mr Chan said that this Budget reflects the government has confirmed that the turnaround in the property market, I believe that the government will closely monitor the development of the property market, timely Save spicy. Unlike last year, the rates concession quarters of this year, four seasons relief, I believe the most benefit small and medium sized units; and income tax relief, allowances and other believe may increase slightly relieve the pressure on middle-class families.

Hong Kong home Senior Executive Director Ng entrepreneurship, said the case of financial results in line with market expectations, the property market is not much ink, no minus sign spicy. No immediate reaction of the secondary market is too large, the general magnitude of the bargaining owners have narrowed down to one percent by the semi, the main reason is the high property prices have come down since last August, to the recent decline in property prices is becoming gasping for breath, expected after the announcement of the budget prospective buyers will continue to re-enter the market.

Ricacorp Properties CEO Liao Weiqiang said the government in recent years, the direction of increasing the supply of land the same, the number is also not too much, a slight increase slightly each year, the property market will help steady development. As for the text did not mention fiscal Save spicy, it is not unexpected.

Q Housing Network: To activate volume

Q Housing Network general manager of Hong Kong director Chen Kunxing that the most important stage is the activation volume, the government should reduce the volume down and moderate spicy, relaxing LTV so have housing needs of the new generation have the chance to change cars and mitigation building costs.

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