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Spicy tricks in the property market︱Fast units increased by more than 20%

2021-04-14T05:49:48.009Z

The Special Finance Committee of the Legislative Council continued today (14). The Secretary for Transport and Housing, Chen Fan, said that the government is very concerned about the vacancy of first-hand buildings and has updated relevant data, including the size and square footage of the vacant flats.



Political situation

Written by: Zhou Lixi

2021-04-14 13:10

Last update date: 2021-04-14 13:41

The Special Finance Committee of the Legislative Council continued today (14th). The Secretary for Transport and Housing, Chen Fan, said that the government is very concerned about the vacancy of first-hand buildings and has updated relevant data, including the size and number of square feet of vacant units. Policy arrangements are made after the actual situation, and it is not ruled out that the vacancy tax will be raised again in light of the current situation.

According to the enquiries from the members of the Transport and Housing Bureau, as of the end of December last year, the remaining unsold first-hand private properties that had been issued with occupation permits totaled 12,300 units, an increase of 24% from the 9,900 units at the end of 2019.

Chief Executive Carrie Lam Cheng Yuet-ngor proposed the "Six Tips for the Property Market" in 2018, including amending the Rates Ordinance to impose additional rates equal to twice the rateable value of first-hand properties that have been completed for more than a year and have not been sold. The property price is 5%, but the government announced last year that it would withdraw due to the latest economic situation.

Zheng Yongshun: 15% cap on rent management is unacceptable

The DAB Zheng Yongshun mentioned the control of subdivided housing rents, and he believed that there should be standard contracts and rent increase restrictions. He pointed out that there are more than 100,000 subdivided housing tenants in Hong Kong.

He questioned that the 15% ceiling was unacceptable, and he also believed that the bureau needs to protect against a substantial rent increase.

The Secretary for Transport and Housing, Chen Fan, responded that the whole society is concerned about the initial rent, the protection of tenancy rights, the method of charging, and even the protection of rent increases when the standard lease is renewed.

I listened very carefully to the opinions, and hoped to discuss it in the sub-divided rent control group at the end of April, and the introduction of the policy is to ensure that the grassroots housing is the first priority.

The Director of the Transport and Housing Bureau, Chen Jiaxin, said that the government is reviewing the report and will explain it to the Legislative Council task force later. However, it is mentioned that in the report, the rent increase of the Rating and Valuation Office is sometimes high, exceeding 30%, every two years. The subdivided housing needs to be controlled at 15%, so the team believes that 15% is sometimes a lot of constraints. In other words, in the "2+2" four-year lease period, only one rent increase is guaranteed.

Chen Fan: The authorities strictly regulate the sales of first-hand buildings

The New Democrat Party Chairman Ye Liu Shuyi questioned that the report of the research group on subdivided housing rent control still allows rent to increase by 15% in the next two years. It is too high, because the rent for subdivided housing is already too high. Is it more expensive than a luxury home? As we all know, it is measured by the price per square foot."

She pointed out that the relevant government work has been delayed for too long, and the owners of subdivided houses can now increase rents in advance.

Chen Fan responded that under the proposed two-year renewal of the standard tenancy agreement, they also heard the opinions of the community, emphasizing that the government team will listen carefully to the opinions of the community and the parliament, while the drafting of the relevant legislation is still in progress, and they hope to submit the motion documents to the Legislative Council as soon as possible. , Got everyone's support and approval.

The New Democrat Party Rong Haien asked about the regulation of the sales of first-hand properties. He asked the Sales Supervision Bureau whether the penalties would be reviewed. He pointed out that the current fines are very low, with tens of millions of buildings only fined tens of thousands.

Chen Jiaxin pointed out that the relevant punishment is decided by the court. They will appeal if they think it is too low, but they think that the publicity is enough. There have been only 11 cases in the past few years.

Zheng Yongshun mentioned the control of subdivided housing, and he believed that there should be standard contracts and rent increase restrictions. He pointed out that there are more than 100,000 subdivided housing tenants in Hong Kong.

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Source: hk1

All news articles on 2021-04-14

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