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Market Chatter: Hong Kong Real Estate Developers Continue Sweetening Price Offerings to Drive Sales
Market Chatter: Hong Kong Office Vacancy Rate Hits New High in June
Collateralized mortgaging: After the withdrawal of the spice, new Hong Kong people have become a new purchasing power, and it is expected that the price of Hong Kong's entire year will narrow down by 3% to 5%.
According to Cao Deming, the mortgage ratio of new Hong Kong residents has been consistently high, increasing from 18.6% in the first quarter of last year to 29.2% in the second quarter of this year.
Hong Kong Rents Reach Pre-Pandemic Levels on Mainland Demand
Channels: There are signs that the impact of the withdrawal of hot measures in Hong Kong is slowing down, and it is expected to affect the performance of mortgage and insurance in the third quarter.
According to the report from The Intelligent Finance and Economics App, on June 12th, Cao Deming, the vice president of Jieluo Mortgage Brokerage, stated that the Hong Kong property market saw a brief rebound in transactions after the removal of the stamp duty. Coupled with new buyers gradually moving into properties purchased earlier this year, the demand for new mortgages has significantly increased.
Ricard Court: Hong Kong property prices rose for two consecutive months, and the increase narrowed markedly in April
The Zhitong Finance App learned that Chen Haichao, head of the research department of Li JiaGe Real Estate, said that Hong Kong property prices rose for two months, reflecting the effect of removing spiciness. However, the increase narrowed significantly in April, dragged down by new listings being sold at low prices, making it difficult for second-hand owners to continue to harden their prices. Some anxious landlords may need to cut prices accordingly, putting pressure on second-hand property prices;
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