HK Real Estate expects property prices to fluctuate by about 5% next year. First-hand registrations are similar to this year.

Real estate market

Written by: Yue Yueting

2019-12-16 18:07

The social movement in Hong Kong has continued, and the trading atmosphere in the property market has weakened. Li Zhicheng, the chief executive of Hong Kong Real Estate, believes that the property market is very weak this year. It is expected that the property price will fluctuate by 5% next year. Under the influence of the vacancy tax, developers will attract customers at "discounted market prices". It is estimated that the number of first-hand registrations next year will be about 20,000, which is similar to this year; the number of second-hand registrations is about 40,000.

After the government eased the mortgage percentage, Li Zhicheng said that the public is inclined to buy two-family homes. It is expected that the sales volume of nanometer buildings will fall by 10-20% next year, and the property prices will be adjusted according to market conditions. He also suggested that the government could consider easing the mortgage yields of 10 million to 20 million properties in stages to promote second-hand circulation.

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Property prices in Hong Kong