2024-04-30 28Hse Editor
The property price index continues to approach historical highs under the epidemic, and the burden of home ownership among the public has become increasingly heavier. The Financial Secretary, Chen Maobo, attended the meeting of the Legislative Council Panel on Financial Affairs yesterday, and said that the residential property market has become more active. The overall residential property price rose by 3% in the first April of this year, and the public homeownership index rose to about 73% in the first quarter, which was significantly higher. In the past two decades, the long-term average, and the government will continue to increase efforts in land and housing construction. He also pointed out that the majority of the residential market is users, and the ability to pay is still at a safe level. reporter Li Zitian
In response to related questions from Members, Chen Maobo said yesterday that the residential property market has become active since January. The demand from users and the reduction in the epidemic have provided support for the market. In the first five months of this year, residential transactions rose to an average of 6,500 per month. In the fourth quarter of last year, 5,700 cases per month were 14% higher. The overall residential price rose by 3% in the first April of this year. The residential price in April 2021 was only 2% lower than the historical high in May 2019. The public homeownership index It rose to about 73% in the first quarter, significantly higher than the long-term average of the past two decades.
Will increase efforts to build land and houses
He pointed out that at the end of March it is estimated that the total first-hand supply will remain at a high level of 93,000 units in the next 3 to 4 years. During the period from 2021 to 2025, more than 18,000 private residential units will be completed each year, an increase of 5% over the average of the past 5 years. , The government will continue to increase efforts to build land and houses, and pay close attention to the latest developments in the property market to maintain a stable development of the property market. Regarding the former Chief Executive Leung Chun-ying’s proposal to build a house on the edge of a country park, Chen Maobo quoted the earlier Development Bureau as pointing out that related development is not a priority project of the current government.
Chen Maobo believes that the trend of property prices is affected by many factors, including employment, economy, supply and demand, etc. At present, the mortgage payment capacity is still strong. Under the current measures, there will be considerable extra money in addition to the first installment, and buyers will also have to put pressure on them. Test, so it is safe from the perspective of contribution ability.
Contribution ability is still at a safe level
He also pointed out that if the vaccine is widely vaccinated and achieves group immunization, or is expected to resume customs clearance with the outside world and the mainland, the economic growth is expected to be close to the estimate or higher, but if the epidemic goes out of control and the previous situation occurs, it will be It will have a greater impact on various industries, so we hope that all sectors of society will fully support vaccination.
Regarding the opinion of some Members that capital flows to the property market, Chen Maobo pointed out that most of the current residential market is for users, and Hong Kong people have a strong mortgage payment ability. Buyers need a considerable amount of the first installment to enter the market, and they also have to pass a stress test, so the ability to pay is still at a safe level.
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