Hong Kong's property prices have continued to decline in the past six months. The SAR government is likely to "reduce spicy" (relaxing policy) for the property market in a short time to revoke some restrictions on local and foreigners in Hong Kong.
The recovery speed of the Hong Kong economy after the epidemic is slow, and the United States may raise interest rates again. Hong Kong's private residential property prices have been weak recently.CCL, the leading index of Central Plains City, which reflects the latest trend of second -hand property prices in Hong Kong, reported at 158.12 points on Friday (September 29), down 0.46%on a weekly, returned to the level of early January this year.
Compared with the 168.40 -point high level in April this year, the CCL has fallen 6.10%in the past 24 weeks. The rise in property prices this year has narrowed to 0.86%, and the rise will be completely evaporated.
The temporary data released by the Hong Kong Restrictions Property Office on Wednesday also shows that in August this year, Hong Kong's private residential property price index was reported at 339.2 points, a monthly decline of about 1.4%. It was the largest monthly decline after November last year.The lowest level after the month.
Faced with the decline in property prices, Chen Maobo, the director of the Hong Kong Government Financial Secretary, changed his tone on Wednesday and said that he would pragmize the "hot recruitment" (regulatory measures) of the property market.He explained that the official introduction of the "hot move" of the property market that year was to see that the supply of residential buildings was tight, so it was necessary to curb speculation and investment behavior.The current situation of the property market is different from that year. Last year, it fell by about 15%. This year to July, only about 2%. You can see that the property market has stabilized.
In 2008, the global financial tsunami broke out, and many countries implemented quantitative easing policies, which prompted Hong Kong's property prices to rise sharply.The Hong Kong Government has launched a number of taxes in the past 10 years, including the tax rate of greatly increasing the tax rates of local residents and non -locals, which is intended to "cool down" the property market.
Liang Zhijian, chairman of the Executive Committee of the Hong Kong Real Estate Construction Chamber of Commerce, believes on Friday that the effect of the "spicy trick" will be gradually revoked than the spicy.Once the economy declines, it will have a great impact.
Hong Kong senior surveyor Shao Zhiyao pointed out in an interview with Lianhe Morning Post that the land selling income has always been one of the main sources of income from the Hong Kong government.The goal of selling land sales in the year makes the fiscal deficit more serious, so the official consideration is "reduced".
Shao Zhiyao pointed out that the Hong Kong government's "spicy tricks" that year was to suppress the stir -fry.But now there are few people who speculate in the building, and there are not many people who go to Hong Kong to buy a building.In the long run, real estate in Hong Kong may also have structural problems after the financial market. "In a high -interest environment, even if the spicy recruitment is reduced, the property market will not improve immediately. The Hong Kong Government even consider further introducing other measures to encourage everyoneBuy a building. "
