[Market changes] The policy address helps to buy flat, the market actives

Developers to speed up the sale of 9 new properties to be pushed within months

As the first policy address of Chief Executive, Mrs Carrie Lam, has come to a conclusion, due to more inkling in public housing, there has been no obvious increase in land supply. The property market has more opportunities to relax the time limit for exchanging flats. In other words, The recent property market is hot again. As developers accelerate the push of real estate while the policy address is just three weeks away, five new real estate properties are on the market and 9 new properties are ready for sale. There are also many new developments for property price increases. In the meantime, developers also stepped up their land premiums for their agricultural land. They also hoped to ease the loosening of land by using the "first-car on-premise project" and deploy to another upward trend. ■ Yan Le Yan reporter

The policy address states that the Government will endeavor to establish a home ownership ladder. Uncertainties will be eliminated and the property market will return to its full potential. Developers will also take advantage of prosperity to push real estate developments. In the short span of more than three weeks, there will be five new properties announced in the market. Or start the first round of bidding, nine new real estate is ready to start the relay. According to the first-hand sales network statistics, first-hand sales totaled about 1,559 in October. The number of first-hand transactions so far has exceeded 16,359 in the whole year, 7.6% more than the 15,200 cases in the same period last year.

Full-year volume or top-breaking

Centaline Asia Pacific Vice President and Housing Minister Chen Yongjie said after the policy address on private property has little effect on the ability of home buyers recently accelerated into the market. He predicts that developers will need to catch up with the sales results by the end of the year and take advantage of the market strength and the fact that the United States is not raising interest rates to push the unit. It is expected that the annual turnover will reach 19,000 to 20,000 units in 2007, setting a new high level after a new one-off in 2013.

In fact, developers pushed the real estate market this year, markedly accelerated, sales were also significantly higher than last year, the first 10 months, 9The monthly sales volume of over one thousand transactions per month has been maintained. After the policy address was announced on 11 October, the sales of new properties became even more hot as no new measures were taken on the issue of high property prices.

Frequent sales of new real estate sales continued hot

Exactly how busy? In the three weeks from the publication of the statistics address (October 11 to October 31), there will be as many as 5 new properties announced in the market and at least 9 new properties will be ready for sale. Most of the five new listings on offer have recorded quite satisfactory sales. It seems that the sales of a total of 450 sets of two rounds of sales for Jinhai I & II in Shinsegae on October 14 and 22 were " The first 80 and the second 68 trains of My Central, Cheung Kong Shing Mun were also sold out on the day of sale. In total, the five new developments sold about 730 more in October, accounting for almost half of the full-month turnover.

The deployment of the 9 new properties on sale for a total of about 2,413 units is expected to be carried out in this month, sales and deployment, and by the end of the intensive debut. In addition, a number of new properties have also been offered for sale after the policy address. It seems that Tuen Mun Kunlun, part of the Chinachem Group, has raised its fares by about 11.1% over 22 on October 12; Tuen Mun Pak Yu announced on 18 October A new batch of 38 orders, more than half a year ago the first price increase of about 7% to 11%. Other new properties for sale include Ho Man Tin Hoi Wan, Tsuen Wan Hoi Love, Ma On Shan Star Sea, Victoria Harbor in North Point, etc., reflecting the overall optimism of developers.

Industry: Property prices expected to rise more than 10% this year

The industry is almost optimistic about the market outlook. Liu Jiahui, chief analyst of Midland Realty, pointed out that after the policy address, the market situation has become more clear. New real estate and second-hand trading have turned positive. Coupled with the continuous improvement of the local economy, the unemployment rate is at a low level. Last month, the United States announced a formal " However, he expected the property prices in the fourth quarter to continue to rise steadily, but the increase was modest and the annual property price is expected to rise by 13%.

The latest Hong Kong Monthly Property Market Report released by Knight Frank points out that the modest rise in interest rates will have no significant effect on the mortgage repayment and purchasing power of buyers in the short term. It is estimated that ordinary residential property prices will rise 10% to 13% this year.

Colliers International also believes that due to the government's reference to the limited land supply and the time required for the approval of the scheme, the "first-board pick-up" will have little effect on the private housing market temporarily. Property prices will continue to rise after 2018, There will not be too much fluctuation or volatility until the negative interest rate ceases to appear in Hong Kong at the end of 2018.

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