China News Service, Hong Kong, March 5 (Reporter Dai Xiaolu) Hong Kong recently announced a new fiscal budget to "remove the heat" in the property market, which means that all residential property transactions no longer need to pay additional stamp duty, buyer's stamp duty and new residential property transactions. stamp duty.
The reporter learned from many people in the real estate industry that the new policy has attracted a large number of buyers to enter the market, real estate developers are also accelerating the launch of new properties, and a lot of new supply has emerged in the residential market.
After the Hong Kong property market completely "removed the heat", the first new property went on sale on the 3rd.
This property is Belgravia Place, a residential project owned by Henderson Land Co., Ltd., located in Cheung Sha Wan, Hong Kong. The first round of 138 residential units were all sold out on the same day.
Lin Damin, general manager of the sales department of Henderson Property Agency Co., Ltd., told reporters that due to the strong sales, 208 more residential units will be launched on the 7th.
Lin Damin said that the reduction in tax rates has released the accumulated purchasing power, and there has been no speculation in the Hong Kong property market since the "recession". Although the number of investors has increased, they mainly use properties for long-term investment, and the Hong Kong property market is still healthy. .
Liu Yinglin, director of Centaline Real Estate Kowloon, mentioned that as the Hong Kong property market has fully "removed from the heat", trading has rebounded as expected by the market. It also reflects that the property exchange chain is restarting, which is good news for the property market and can increase market liquidity.
Bu Shaoming, CEO of the residential department of Midland Realty, pointed out that the Belgravia Place project was all sold out in just a few hours on the first day of sale, which injected a boost into the market. In order to reward customers, Midland Realty will also provide Belgravia Place with Buyers receive furniture gift certificates.
Real estate development company Longfor Group said that as soon as the new policy was announced, Longfor Group's high-end project in Hong Kong, Longfor Hotel, recorded two sales for a total price of nearly HK$100 million, becoming one of the first batch of properties in Hong Kong to benefit.
The relevant person in charge of Longhu Shangjuan said that one of the buyers had been paying attention to the property for about three months and immediately entered the market after hearing that the Hong Kong property market was "retiring."
Before the "removal", the stamp tax rate for the customer's house purchase was 15%, but now it is only 4.25%, saving 10.75% of the tax, which is equivalent to about 5 million Hong Kong dollars.
Ma Taiyang, CEO of Hong Kong Real Estate, told reporters that after the new policy was announced, online inquiries, store inquiries and telephone inquiries have doubled.
He believes that as Hong Kong’s real estate transaction volume increases and public confidence continues to recover, Hong Kong’s property market will see an “Indian Spring” in the short term. With the opportunity to cut interest rates in the second half of the year, the positive market news will become more obvious, and it is expected that Hong Kong’s property market will enter a new milestone. .
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