(By Yan Lunle)
Many transactions from mainland sellers appeared because mainland A Stock sharply rose in early and mainland real estate market warms up attracting funds back to mainland from Hong Kong. Among Hong Kong small-medium residence market, the transaction ratio from mainland seller has rising for eight quarters and up to the peak, which will still continue, according to Centaline Property Research Department statistics.
The known mainland seller transaction ratio among Hong Kong small-medium personal residential market in this quarter is 5.2%, the amount of which takes 5.8%, and both these indexes have rising for eight months also up to the peak, Centaline Property Research Department Senior Associate Director Huang Liangsheng pointed.
Huang Liangsheng: Strict measure suppresses mainland buyer's housing in Hong Kong.
The numbers reflect more and more mainland buyers selling their Hong Kong small-medium personal residence, because buyer stamp duty aims to mainland customer which suppresses mainland buyers' housing intention in Hong Kong, Huang Liangsheng believed.
In fact, mainland A Stock was sharply rising since the fourth quarter last year until the first quarter this year, attracting large funds , plus with mainland real estate market is released, warming up first hand and second hand property market, so mainland funds turns to mainland real estate market. While Hong Kong real estate market slows down after highly rising for these years. Thus in this period, mainland people sell Hong Kong property and go back to mainland investing A Stock or real estate.
In the first quarter of this year, the transaction ratio from mainland seller among Hong Kong small-medium personal residential market had been higher than transaction ratio from mainland buyer for three quarters, the gap of which were 0.4%, 0.2% and 1.1% successively, reflecting gone mainland buyers are more than coming mainland customers, according to statistics from this company. The data also shows Hong Kong small-medium residential property price is rising recently, which has nothing to do with mainland buyers.
LOHAS Park and Festival City ranked the top two of having the most transactions from mainland seller.
So far, Tsueng Kwan LOHAS Park has the most known transactions from mainland seller in the first quarter, which are 27 involving amount of about HKD 177 million; Tai Wai Festival City also has 16 transactions involving about HKD 151 million; Tin Shui Wai Central Park Towers has 12 transactions involving about HKD 54 million; To Kwa Wan Grand Waterfront appeared 9 transactions related to HKD 78 million; while Tsueng Kwan The Beaumount occurred 9 related to HKD 45 million.
This situation will continue, because mainland real estate market is warming up in this year, leading mainland funds turn to mainland real estate market, and they may even sell house in Hong Kong to take cash for mainland housing, Huang Liangsheng believed.
Another side, A Stock speculated by leveraged investment crashed recently, leading large funds being transferred into stock market from real estate market or other physical markets.
