Hongkong housing prices continue to rise

Hongkong real estate market has not yet signed will soon reduce the temperature can be increased by 10% next year.

Housing prices in Hongkong increased by 11% this year, while those who wait for a balloon will burst in an attempt to control the government through a series of tax and limit your mortgage.

The price can be increased to make Hongkong into a bubble, the global real estate index UBS wave. However, housing prices in the city of tea market will increase from 8 to 10% next year, according to the real estate consulting firm Colliers International group. At the same time, LLP Knight Frank 5% forecast price increases, prices rose 8% luxurious house.

The market overheating, in recent months, investors put money in the purchase of real estate people built a luxurious record from the mold to the undeveloped trade. They have a large real estate in the center of Hongkong District of Hongkong.

"Because of the current cash flow market is very hot. A lot of records to them -" Raymond, deputy director of the development and evaluation of Savills investment.

In Hongkong, the real estate price rising is a lot. First of all, in the public's demand far exceeds the supply. Every year, there are about 20000 apartments hit the market. This figure is enough to make the demand for 20000 China become fixed residents in Hongkong for a year, to help them avoid the amount of tax on foreigners not to sell the house in three in Hongkong fell from the lowest level in 2015.

Second, developers are the rich people buy. Nancy - in Cali project in the new apartment sold yesterday, solar battery pack Kai attributes provide financial support to the 120% apartment value to customers. The first three years of a boss or other internal investment package loans preferential interest rates.

At the same time, the war between the bank loan to buy a house has become very intense, increase in landscape level rates attracted Hongkong's largest bank, HSBC will give customers the loan interest rate low rivals. The bank is a number of customers to enjoy the bank interest rate and Hongkong (HIBOR) and 1,28%, if they are other banks offer similar concessions.

Finally, investors can also help Chinese push-up prices in Hongkong. According to Colliers, the developers do not buy the land of Hongkong accounted for 68% total government this year.

In February, two China companies pay a higher price, a record $31 per square meter of land in an area of the river. This makes the high price of the apartment when completed.