After the Hong Kong property market was withdrawn, the sales volume of new residential units in March hit a single month in 11 years.
Comprehensive Bloomberg and surging news reports, the data of the Hong Kong Midland Realty data, Hong Kong's first -hand housing market recorded about 4,170 transactions in March, reaching a single month after 1998.
On February 28 this year, Chen Maobo, director of the Financial Secretary of the Hong Kong Special Administrative Region Government, published the fiscal budget of the 2024 to 2025 Financial Annual Special Economic Zone Government, which pointed out that all residential property demand management measures will be canceled from now on", That is, all residential property transactions do not need to pay additional stamp duty, buyer stamp duty and new residential stamp duty.
As of March 28, the withdrawal is just full of full moon.According to the statistics of Central Plains Real Estate, between February 28 and March 26, as many as 115 new trading in Hong Kong was recorded, with a total record of about 3799 trading, and one month before the withdrawal (January 28th to 2nd to 2ndOn the 27th), there are only 229.
Liu Jiahui, chief analyst of the United Property Property, pointed out that the transaction of the property market after the "withdrawal" has increased sharply, coupled with the Fed's maintenance rate unchanged, and it is expected to reduce interest rates this year.3 weeks.The confidence index has been higher than the average value for 2 consecutive weeks (the property price is a light division line). If the future situation continues, property prices will be expected to stop falling.
