On December 30, 2013, and residential areas. According to a survey released by Savills shows that Hong Kong property prices in ten cities such as London, New York and Tokyo topped CFP information
Rising home prices made it Hong Kong is is one of the world's most expensive House, but now the situation is changing.
On October 22, the Hong Kong SAR LEUNG Chun-ying, the Chief Executive's question and answer session of the Legislative Council of Hong Kong on the same day, said Hong Kong's primary market and secondary market prices have started to fall, the Government measures to curb prices are having an effect. Leung Chun-ying, said the Government was determined to solve the housing problem.
He also said that Hong Kong's economic structure must be adjusted, reduced number of visitors to a worrying trend in the near future.
Mr LEUNG Chun-ying said last month (September) visitor numbers compared to the previous year fell by 4%, for Hong Kong's tourism and retail industries set alarm bells ringing.
On September 1, LEUNG Chun-ying told the media that, the decline in number of visitors to Hong Kong and retail sales data are a number of factors, and stressed the "easier to treat difficult."
According to the data released by the Hong Kong Immigration Department, the 2015 national day Golden Week holidays, visitors to Hong Kong increased by 1.5% over a year ago, mainland tourists to a total of about 1.12 million visitors, a slight increase from a year earlier to 2.3%.
Although the number of tourists visiting Hong Kong rose, but Hong Kong's retail sales fell sharply. According to the findings of the Hong Kong Retail Management Association on October 6, 2015, 11 golden week, Hong Kong retail sales plunged nearly 40% for Hong Kong in 2003 fell during this period for the first time since the open and free.
On October 22, LEUNG Chun-ying also warned that tourism drops may directly affect the employment situation. In addition, the slowdown in the Chinese economy and an uncertain economic recovery in Europe and America, have a large impact on the economy of Hong Kong. He called on Hong Kong people not to underestimate the economic risks, always be prepared. Deputy Wang Yongchun General Manager of PetroChina
Leung Chun-ying, the Chief Executive of the HKSAR. CFP information
JPMorgan's enterprise and Liang Qitang, head of Hong Kong research at real estate Research Department said in a report, luxury store closures would atrophy in the retail market, coupled with expectations of rising unemployment will hit real estate sales.
Liang Qitang expected, Hong Kong residential property prices may be beginning in 2016 dropped from 5% to 10%. But because demand remains strong, prices for new housing in 2015 will be increased by 5% in the second half, while housing prices are likely to rise 10%.
Spend time further, UBS (UBS) predicted that Hong Kong property prices will fall by the end of 2017 about result. Since 2003, the Hong Kong house prices had risen 340%.
Pessimism not just research institutions. Real estate one of the four families of Hong Kong Henderson land Chairman Lee Shau-Kee, said recently that as more supply in the future, each of the next two years Hong Kong's housing market could fall by about 5%.
Lyon has recently issued a report saying Hong Kong's housing market deteriorates, doubling the stamp duty for property demand fell to a one-year low, many developers began to enroll under the real estate scheme. The Bank estimated that Hong Kong residential property prices in the fourth quarter of this year dropped to 2%, the next 27 months, totalling callback 17%.
In order to curb property prices from rising too fast, starting in October 2012, the Hong Kong SAR Government to stamp duty limit foreign buyers to purchase residential property, non-permanent residents of Hong Kong and all of the company's home buyers have to pay double or 15% buyer stamp duty, directly increasing the cost of home buyers are not Hong Kong permanent residents.
Hong Kong residential prices higher stamp duty is not a small expense.
Developer on behalf of the non-permanent Hong Kong residents and companies in order to attract buyers, launched the "reset the preferential payment of Hong Kong" programme, which includes "ad valorem stamp duty allowances" 7% discount price, as well as "buyer stamp duty allowances" 8.5% discount price, total discount price of up to 15.5%.
No comments:
Post a Comment