Dai Qingcheng: Will the Hong Kong property market ＂reduce spicy＂?

Hong Kong workers are busy working on weekdays. If many people want to buy a house, they can usually only be dispatched on weekends or holidays to find houses in different residential areas.As a result, every weekend, some Hong Kong people who are interested in buying are often held in various residential communities under the leadership of real estate agencies.This has also become a unique landscape in Hong Kong.

Some people in the Hong Kong real estate industry have summarized a law: If the number of housing housing on weekends with indicator residential areas is hovering at a low level for a long time, it reflects that Hong Kong people are not very optimistic about the prospects of the property market, and even the time to watch the house will save time.It means that property prices may fall.Conversely, if the number of houses in the residential area suddenly increases, many people are optimistic about the property market and actively find a house.Property prices may not rise immediately, but at least it stops falling.

Observation or not, it still needs to be further confirmed in the industry.An indisputable fact is that in recent years, Hong Kong's property prices have fallen, and all sectors of society are looking forward to the new policy report announced by the Hong Kong Chief Executive Li Jiachao at the end of this month will announce a series of restrictions on home property.This is a good news for the property market.Some people are worried that property prices will rise, and recently entering the market to buy a house, resulting in a significant increase in the number of houses in the weekend this month.

In 2010, the property prices in Hong Kong have risen sharply. The Hong Kong Government implemented three items called "spicy recruits" stamp duty called "spicy recruitment" for short -term speculation, non -local buying properties, and buying more than one property., Hope to suppress the stir -frying wind and prevent property prices from continuing.

Hong Kong society has always respected "small governments, large markets".At that time, the Hong Kong Government repeatedly stated the support of the free market economy, and emphasized that these stamp duties were only "very means" adopted under the "very period" in response to the inadequate supply of Hong Kong houses.EssenceUnexpectedly, the "spicy trick" was 13 years.

Now looking back, the printing duty of the residential property introduced by the Hong Kong government in 2010 has indeed succeeded in the hot real estate market cooled down. The short -term speculators have been extinct in the Hong Kong residential market for many years.However, as residential units continue to be in short supply, although the volume of the property market has shrunk, property prices are still rising.

Moreover, in addition to the frozen state of the second -hand property market in the housing property stamp duty, a series of negative effects have also been derived.For example, when non -Hong Kong people buy buildings to pay heavy taxes, it has seriously hindered foreign talents to come to Hong Kong, which is not good for Hong Kong to attract foreign talents, which has a adverse impact on the long -term economic development of the economy.

Another example is that the official printing duty of residential property was launched because the economy in Hong Kong was expanding, and there were too many hot money flowing into Hong Kong.But the current scene is very different from before.Under the impact of the epidemic and global downturn, the economic growth rate of Hong Kong has slowed significantly, coupled with a large number of Hong Kong people immigrants, and the hot money is constantly flowing out of Hong Kong. The Hong Kong property market is facing increasing pressure.Under the circumstances of scarce property prices, cliff -like plummets are prone to, resulting in a weak economic snow.

With the announcement of the new policy report at the end of this month, many people and business people have proposed in recent months.= NOFOLLOW TARGET = _blank> "Reduction" or even "withdrawal" .Chen Maobo, the former director of the Financial Secretary of the original attitude, also began to renew the wind at the end of September, revealing that the current situation of the property market was different from the "spicy trick". The official will take a pragmatic look at relevant measures.Generally, I believe that the policy report read by the Li family at the end of the month will move.

In fact, for the Hong Kong Government, real estate has always been one of the Hong Kong economic pillar industries. The property market continues to weaken and is not conducive to Hong Kong's economic development.During the 13 -year implementation of the stamp duty, the transaction in the Hong Kong residential market has shrunk severely, and the overall transaction volume is reduced by more than half.Some people have made rough estimates that the Hong Kong government receives less printed taxes and related taxes each year, reaching 15 billion Hong Kong dollars (S $ 2.6 billion), and has reduced taxes of more than 180 billion Hong Kong dollars in 12 years.

In recent years, the Hong Kong government's fiscal deficits have been severe, and the storage house savings have become less and less.Once the official "withdrawal" or "reducing spicy" will undoubtedly stimulate more property transactions and help increase the income of the warehouse to cope with the continuous rise in government expenses in the future.

But from another perspective, most of the currently requesting "spicy" is the real estate developer, the real estate industry, and the owner.To some extent, they are "For Hong Kong people who are still unreasonable, the property prices are still high. They all hope that the stamp duty of residential properties can be maintained to curb the rebound of property prices.