Property prices have fallen, and the business community has called for "withdrawal from hot spots". Long Hanbiao, a member of the Legislative Council of the Democratic United Real Estate and Construction Industry, raised a question at the Legislative Council today (11th), pointing out that under the current economic environment, hot spots in the property market are hindering Residents want to buy property and ask the government to explain whether it will "reduce the spiciness" or even "remove the spiciness".
Ho Wing-hsien, director of the Housing Bureau, said that the current residential property demand management measures, including residential additional stamp duty, buyer's stamp duty and new residential stamp duty, are effective. In addition, the current property prices are only adjusted in an orderly manner, and no sharp decline in property prices can be seen. The issue of "removing spicy" should be handled carefully, otherwise it may stimulate short-term trading.
Hot Merchants Bank is effective in the past year 97% of home buyers have no property
He Yongxian said that he noticed that the transaction volume of residential properties has declined, but there are also positive factors this year. With the customs clearance between Hong Kong and the Mainland, economic activities resumed. The market took the opportunity to speculate and stimulate local residents' demand for properties, even for short-term speculation.
She said that there will be enough public and private housing in the next 10 years, and she believes that the property market will develop healthily. She also pointed out that the introduction of hot tricks is to reduce short-term speculation or investment activities, so that citizens can buy homes. She emphasized that the stamp duty on new houses has a significant effect. In the past year, 97% of property buyers Does not own property itself.
Lin Xiaolu, the election committee member, asked about the negative impact of hot moves in the real estate market on "robbing companies and talents".
He Yongxian pointed out that the "Policy Address" suggested that after qualified foreign talents become permanent residents of Hong Kong, they can refund the additional stamp duty paid when buying a home. Foreign talents buy property in Hong Kong.
More than 500 cases of negative equity in the third quarter are far less than the more than 100,000 cases of SARS
Liu Yeqiang of the Heung Yee Kuk is concerned that the number of negative equity cases in the third quarter of 2022 will increase ninefold to more than 500. He asked what measures the authorities have taken to prevent a large number of negative equity cases from emerging and impacting the financial system.
He Yongxian said that although the number of negative equity cases increased from more than 50 in the second quarter of last year to more than 500 in the third quarter, it was still more than 10,000 in the financial crisis in 2008 and more than 100,000 in the SARS period in 2003. The number of cases is small, and there is no rapid increase in negative equity cases for the time being.
She emphasized that the current financial situation is stable. After 2008, the banking system has done a lot of work to ensure that once interest rates rise, debtors can still afford the money.
Budget ︱ Appealed by the Democratic Alliance to distribute 10,000 yuan consumer coupons to tax-free first-home buyers aged 40 or below, hot tricks are gradually being withdrawn The property ladder is contrary to President Xi Jinping's exhortations
