The new policy address The government has taken a multi-pronged approach to find land to build houses, launched major infrastructure projects, etc., but has not taken any measures to stimulate the property market. In fact, the property market is still full of negative factors. Under the downturn, property owners still have to continue to reduce prices, or even lose money. For example, there is a 3-bedroom unit in Yingwan Garden in Tung Chung. After the policy address was announced, the owner expanded the reduction to 8 million Selling, the book lost 300,000 yuan, and depreciated 3.6% during the period. However, some market participants believe that the government will introduce a number of measures to attract foreign talents, coupled with infrastructure to create jobs and revitalize the economy, the housing demand will continue to increase, or there will be a shortage of supply.
Yingwan Garden has lost 600,000 and changed hands
Chen Jicheng of Centaline Real Estate said that after the announcement of the policy address, Tung Chung Yingwan Garden recorded a loss-making transaction. The unit was negotiated by the buyer earlier, and the buyers and sellers have been toying with each other for nearly a month. After the announcement of the policy address yesterday, the owner finally gave in to expand the reduction, and finally sold it at 8 million yuan, and the usable square foot price was 10,989 yuan, a cumulative reduction of 600,000 yuan or 7 yuan. %.
It is reported that the buyer is a property changer in the district, and sold his own property half a year ago. When the property price has dropped significantly in recent months, he will re-enter the market. In principle, the owner purchased the unit for 8.3 million yuan in September 2019, and sold it for 3 years. The book lost 300,000 yuan, and the value depreciated by 3.6% during the period. Chen continued to point out that Yingwanyuan had a bargaining space of about 4% last month, which has further expanded to about 7% to 8% this month.
Zhao Jinquan, Global Director of Cushman & Wakefield and Chief Executive Officer of Greater China, pointed out that the Chief Executive mentioned in the report that the demand for private housing in the next ten years will be 129,000 units, and in the next five years, there will be no less than 72,000 private housing units ready to be built. land. But he believes that the number may be lower than the actual market demand. From 2016 to 2020, the transaction volume of first-hand private properties in Hong Kong ranged from 15,000 to 21,000 units. In addition, the government will introduce various measures to attract foreign talents. The housing demand will continue to increase, or the supply may exceed the demand.
Chen Jinping, head of research at CBRE Hong Kong, believes that the policy address supports long-term demand growth in Hong Kong's commercial real estate market. The policy address proposes to speed up the promotion of land supply, ensure a long-term stable supply of housing, effectively reduce fluctuations in property prices and rents, and effectively enhance Hong Kong's competitiveness and support stable economic growth in the long run.
Chen Yongjie, Deputy Residential and Residential Division President of Centaline Properties Asia Pacific, said that the policy address once again emphasized housing supply as the top priority, and proposed to "increase volume, speed, efficiency and quality" with all efforts, showing the determination of the current government to solve the housing problem , including setting an upper limit on the application period for public housing, speeding up land construction, lowering the threshold for forced auctions, and speeding up the approval of plans.
Properties along the new railway project
Chan Wing-kit also pointed out that the policy address proposes to promote three major arterial roads and three railway projects. In addition to creating jobs and revitalizing the economy, a number of large-scale infrastructure projects will also add value to land. new railwayThe completion of the line, under the effect of "Lutong Caitong", can activate the surrounding properties in relevant areas, such as Pak Shek Kok, Tseung Kwan O, Kam Sheung Road, Tung Chung, and "Northern District" properties along the line are believed to benefit immediately. It is expected that these areas will benefit immediately. Developers holding properties will also speed up the launch.
