There is a good chance that funds will return to real estate, which is expected in the second half

Mondo Finance Updated on 2024-01-29

In order to attract more talents to settle down and stay in Hong Kong, Hong Kong provides a wide range of services in areas such as housing. Information**.

With the continuous introduction and optimization of Hong Kong's talent introduction policies, there has been a blowout trend of talent introduction applications. Relevant data show that in the first 11 months of this year, more than 8 of the people who were approved to enter Hong Kong under various talent admission schemes were selected10,000 people have already arrived in Hong Kong.

In order to attract more talents to settle down and stay in Hong Kong, Hong Kong provides a wide range of online and offline activities and services focusing on job search, housing and education. In this context, some high-end residences such as Mingri Jiudou Mountain have stepped up their publicity to the mainland.

We are actively considering taking some initiative to let the potential talents in the Mainland know more about Hong Kong and deliver more information to them. Guo Ziwei, chief manager of the sales department of Cheung Kong Industrial Group, said recently.

It will not give a big boost to the property market all at once

In order to attract more talents to settle in Hong Kong, the HKSAR** has introduced in the new Policy Address to shorten the applicable period of SSD to prevent short-term speculation from 3 years to 2 years, and owners will no longer have to pay 10% of the property price after holding the property for two years**. At the same time, the rates of BSD for non-Hong Kong permanent residents and new residential buildings for buyers of second homes and above will be halved from 15% to 75%。

In addition, the arrangement for the refund of stamp duty on property purchases in Hong Kong for eligible incoming talents last year has been enhanced from "levy first and refund later" to "exemption before levy". That is, the relevant tax will be temporarily exempted when the property is purchased, and the relevant tax will be paid only if the relevant person cannot become a Hong Kong permanent resident subsequently.

The Hong Kong Housing Authority recently said that as of November 30, the Inland Revenue Department (IRD) had received 183 applications for "exemption before levy" of stamp duty on house purchases, which has achieved results in facilitating foreign talents to buy houses in Hong Kong and attracting foreign talents to stay in Hong Kong for development.

Kwok believes that once talents apply to enter Hong Kong, there is a very obvious demand for real estate. However, because there is a lot of work to prepare and a long time cycle, it will not greatly stimulate the Hong Kong property market all at once.

The interest rate on fixed deposits in Hong Kong is now 4%-5%, which is double the rate of return on real estate, so many investors dare not take it lightly. With interest rates expected to peak, there is a good chance that money will return to real estate, expected around the second half of next year. ”

The convenience of the traditional luxury housing sector is highlighted.

According to Midland Realty and market news, in November (as of the 21st), there were 32 first-hand transactions of more than HK$30 million in Hong Kong, an increase of about 28% from 25 in October, and rose for three consecutive months. The Mingri Jiu Belly Mountain project is one of the properties that has attracted much attention.

The project is located at the forefront of Lai Ping Road, Kau To Mountain, a traditional luxury residential area in the mid-levels of Sha Tin, with a view of Shing Mun River, Sha Tin Hai and Tolo Harbour, as well as Sha Tin Racecourse and Ma On Shan Country Park.

In the context of the increasing closeness between Hong Kong and the Mainland, compared with other luxury residential areas, Ku To Shan has a unique geographical advantage. It takes more than 10 minutes to drive from here to Liantang Port, the first port in Shenzhen to adopt the "one-stop" vehicle clearance mode, and it is also one of the ports favored by the two places.

In addition, Jiu To Shan itself has a characteristic environment, close to the Hong Kong Science Park, Hong Kong Chinese University, and Sha Tin Racecourse. Recently, CATL announced that it will set up an international R&D center in the Hong Kong Science Park, with a total investment of more than HK$1.2 billion, to promote new energy technology innovation. "With the integration of Hong Kong and the Greater Bay Area, it continues to attract high-end talents and accommodate more technology companies, which will play a very important role in promoting the development of the surrounding areas. Guo Ziwei believes that this will also help the demand for rental and sales of surrounding residential buildings continue to rise.

Tailor-made" payment methods

There are 266 units in the overall plan of Mingri Jiu To Mountain, covering a variety of partitions of 2 bedrooms, 3 bedrooms and 4 bedrooms. Since its inception in 2019, the project has sold a total of 188 units and cashed out more than RMB2.5 billion.

At present, the main units on sale are 3 bedrooms with a workshop (saleable area of about 98 square meters, and two suites with a workshop (saleable area of about 114 square meters), and the rest of the units are located to the southeast. In addition, the clubhouse has 17 facilities, including an outdoor swimming pool, banquet hall, children's playroom, sparrow room, karaoke room, fitness room, yoga room, ** room, spa room and more.

Judging from the number of visiting customers we counted, the number of newly applied talents has increased a lot compared with last year. Guo Ziwei introduced that the remaining units mainly hope to retain some large units, and show the advantages through the existing houses, so that buyers can more intuitively feel the environment and space on site.

In order to cater for the financial needs and financial arrangements of different buyers, the project also adopts extremely flexible payment methods, tailoring the payment methods and payment rhythm for buyers. "General developers may not be able to do it, first of all, the company itself must have strong financial strength. Cheung Kong has a stable cash flow, and we want to give buyers flexibility and confidence without stress. ”

At present, the price of the house is 180,000-200,000 Hong Kong dollars, and the stability of this kind of mansion is very strong, and there are not many of them. Guo Ziwei believes that in the case of limited returns, the rate of return will definitely increase, which will have a stabilizing effect on the middle and high-end housing prices.

In view of the current domestic real estate market, Guo Ziwei also said that it will take about two years to digest the inventory, and then the market supply and demand will change.

Written by: Nandu Bay Finance Agency reporter Wang Yanling.

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