A report pointed out that the price of luxury homes in Hong Kong will fall up to 5%this year, and it will fall by about 5%next year.
According to the Hong Kong News Agency, the real estate service and investment management company Zhongliang Liangliang Bank on Tuesday (October 24), the Hong Kong housing sales market, states that the increase in the price record of Hong Kong luxury homes in the first half of this year this yearAll have been offset in the third quarter.Jianliang jointly expected that the price of luxury homes will fall by up to 5%this year, and in 2024, it will fall by about 5%.
The report said that in the first nine months of 2023, the capital value of luxury homes fell 0.3%, and the increase in the first half of the year had been completely offset in September.The governance report announced last year returned the additional stamp duty to eligible non -local buyers, which has proven that it has not effectively stabilized the value of residential property or stimulating market activities.In the overall residential transaction, the transaction ratio involved in the buyer's printing duty was maintained at 1.6%, which is equal to the same period last year.
The report pointed out that the transaction volume of HK $ 20 million (about S $ 3.5 million) or above in the third quarter was significantly reduced by 52%in quarterly.As the wealth of many local buyers in Hong Kong is affected by the poor performance of financial investment, the demand for buyers to improve the quality of living has slowed down significantly.
Zhong Churu, a senior director of the Research Department of the Johor, said that the government has been committed to attracting family offices and global investors, and the stamp duty will provide them with direct causes.At the same time, with the increase in trading volume of luxury homes, the SAR government may benefit from the increase in taxation tax and increased land price revenue of luxury land.
