Optimisms
Vice Managing Director of Sun Hung Kai Lei Ting: Funds may be transferred from stock market to property market.
Hong Kong has went through many times of unrest in the past, and he believed housing is long term investment, so short term stock market volatility will not bring effect, while some people may transfer the funds to property market, thus their new project hopefully will be benefit.
Cheung Kong Investment Director Guo Ziwei: Luxury property market will chase backward in the second half year.
Stock market volatility not affect their project launching plan currently, and property market will not have large change if the whole economy factors hold. Viewing the luxury property market trend in the second half year, he believed property price rising will chase backward, and the up range will catch it of small-medium property.
CODA PROPERTIES LIMITED chairman Tang Junming: Property price not rise to the peak yet.
He believed current crash of stock market has slight impact to property market, since owners are strong in funds, so luxury property will not have sale even in dull property market. It is estimated mainland owners may sell property for capital turnover, and buyers also may seize the chance to require price cut, but current property price not rise to the peak, so he claims ' Property price will not up to the peak even to this time next year.'
Senior surveyors Chen Dongyue: stock market volatility has short term impact.
Recently, stock market widely adjustment also impacts Hong Kong property market, luxury property among undertakes larger effect comparing with small-medium property. There is guess that mainland investors may hurry to sell Hong Kong property for taking cash to rescue mainland stock market, but it less likely may happen, because property sale needs to go through many steps and it has to wait a few months even success. It is estimated current stock market crash is short term phenomenon, and it will back to stable later soon.
Pessimism
Centaline Property founder Shih Wing-ching: Second hand property market will get into stalemate.
Up or down trend of stock market and property market not certainly synchronize. For example, property price just slightly up in this first half year when stock market in large rising, so property price may not necessarily change this time even stock market crash. He believed will not appear that many owners cutting much price to put on sale property, since taking cash from property sale needs to wait at least two to three months, so second hand property market will get into stalemate in the future. Besides, most luxury property buyers hold stocks, who pay attention to stock market currently, so property visiting, inquiries may drop, showing stock market has large impact to luxury property market.
Midland Residential Department President Bu Shaoming: Stock market crash obviously affects luxury property market.
Stock market crash affects property market leading most wait and see, and it is estimated monthly second hand transactions in the next two or three months will fall to 4,000, while property price may flat, later in the third quarter it will slightly down by 1%-2%, appearing price stable while transactions drop. However, luxury property market undertakes the most obvious impact, and it may be weak in the second half year if stock market keeps falling, so the property price prediction from this company in this year narrow from about 10%-15% to about 5%.
DTZ Hong Kong Managing Director Tao Ruhong: Property market transactions will slow down in short term.
Stock market wave will reduce citizens' attention to property market leading transactions down in short term, while long term effect will depend on the fluctuation time and impact to mainland also Hong Kong economy. No impact to economy then no falling effect to property price.
Centaline Mortgage Broker Limited Managing Director Wang Meifeng: Buyers are more careful.
Some buyers especially luxury property buyers are more careful because of stock market volatility recently, so transactions will down in short term, plus with market will focus to US interest rising, so mortgage amount in the fourth quarter will be affected and decrease.
