Hong Kong's property prices have continued to fall in November, and have fallen for seven months.
Comprehensive Ming Pao and Radio Hong Kong reported that the data released by the Renxipo Price Promotion Department on Wednesday (December 27) shows that the Price Index Index in November was reported at 316, which is a new low since February 2017.The monthly decline was slightly narrowed to nearly 2%, and the year fell by about 6.6%.Price prices in the first 11 months of this year fell 5.6%.
Among them, property prices in small and medium -sized units and large units have fallen by nearly 2%and more than 1.9%monthly.The first 11 months fell 5.5%and about 6.2%, respectively.
In terms of rent, due to the continued high interest and economic downturn, many people transferred to rent, and the rent trend is up.The Estimation Department announced that the November Rental Index was reported at 186.8 points, which was a new high since December 189.7, 2019, up 0.65%month -on -month and 10 months in a row.The first 11 months of this year rose about 6.44%.
As the Hong Kong property market continues to be sluggish, the chief executive Li Jiachao responded to market expectations in the second policy report released at the end of October and announced the adjustment of the seal tax clauses commonly known as the "spicy recruitment", including the buyer's printing dutyThe double stamp duty of the second suite was reduced to 7.5%, and the additional stamp duty was reduced from three years to two years, and the non -Hong Kong -owned property stamp duty was changed to "exemption and then levy."
Although some measures for buying and selling restrictions have been relaxed, the decline in property prices will not be changed.Some people in the industry expect that the Hong Kong Government may fully "withdraw" in a new fiscal budget issued by the Hong Kong Government in February next year.
