Ou Zhongde
Government continued to launch measures to suppress Hong Kong overheat property market in 2013 the year of snake. The property market accordingly fell slightly by 5%-10%. The property mortgage would also not be released in short term, and the trading quantity of second hand property market would still hit the floor level. The risk of low cost small-medium property market falling would increase at large range. Anyone who want to buy house in 2013 snake year should better act in the end of the year.
As for property market in snake year, positive wealth lucky direction is northeast, happy wealth lucky direction is south, and door or window should be appropriate point to south. The popularity will come from north, career rises from southeast, and door or window should be appropriate point to southeast. Reputation lucky will come from northwest, competition comes from west, and door or window should be appropriate pointe to southwest. Disease may comes from southwest, and quarrel comes from east. Door or window should be appropriate point to northeast.
So lucky directions in this year are northeast, south, north, southeast and northwest. The appreciation of property located in above directions would be great. The best invest areas are Ma On Shan, Tai Po , Sheung Shui , Tuen Mun , Tin Shui Wai , Repulse Bay and Chai Wan, and even Mei Foo is a good investment area.
While bad lucky directions in this year are west, southwest and east, so property located in above directions will not have high appreciation potential, and disease or quarrel will be much from these directions. The areas not suitable to be invest will be Lantau Island, Tsueng Kwan, Cheung Chau, Pok Fu Lam and Cyberport. Quarrel or disease may easily occur from these directions.
As for overall property price in snake year, the falling will not large, and it will be consoliddined even if it falls. So, people who want to invest or buy for own occupation can wait and see in beginning of the year, then choose to act when there is better opportunity in the end of the year. Buyers who purchase property at first time should decide carefully and act after risk evaluation. Budget should be made under the consideration of repaying ability, current expenses, bank rising interest cycle, government’s suppressed measures, local and outside economic environment.
Potential buyers who have enough funds also need to pay attention on the overall changing in property market, government’s future measures, effect from interest changing, stability of the property, and coordination of the project name and buyer’s fate before deciding to buy house in 2013 snake year.
Buyers who are born in ox year, rabbit year, dragon year and dog year need to take more care on house buying.
Potential buyers who are born in year of mouse, monkey, chicken and tiger are lucky in 2013 and will add pleased if buying house in this year. Potential buyers who are born in year of snake, horse, pig, sheep are also appropriate to buy house in 2013 because of fortune god’s bless. While potential buyers who are born in year of ox, rabbit, dragon and dog need to take care of the bad luck and are not appropriate to buy house in this year.
