Chen Maobo, director of the Hong Kong Financial Secretary, said that the current level of property prices is still high, and it is not suitable for revocation of any "spicy tricks" in the property market.
According to Radio Hong Kong, Chen Maobo, the director of the Hong Kong Financial Secretary, said on Monday (February 27) that Hong Kong's property prices fell more than 15%last year, but because it fell from a high level, the current level of property prices still lived in the levelhigh.Coupled with the government's earlier implementation of building demand management measures, it aims to give the unscrupulous Hong Kong citizens who have priority opportunities when the supply and demand is still tight. Therefore, after research, the government is currently not suitable for the "spicy tricks" of any property market.
Chen Maobo mentioned that last year, the transaction volume of the property market fell to 45,000. When the economy was better the previous year, there were about 75,000. On average, the amount of payment last year still maintained from 2013 to 2020.The level of the transaction.As the economy is getting better, I believe the property market is stabilizing.
He said that it will not currently plan for capital investors' entry plans, and adjusting building demand management measures will affect the market.
