The Zhitong Finance App learned that the Hong Kong Housing Authority, Mr Ho Wing-yin, said that the current Hong Kong property market situation is stable. Although property prices fell by 2% month on month in November, there was only a slight drop. There are still many young people and families in Hong Kong who want to buy homes. Housing projects launched by the Hong Kong government have also recorded oversubscription, proving that demand is still strong. A good balance is an important factor for the current Hong Kong government to maintain a healthy and steady development of the property market.
When asked about whether to consider the complete withdrawal of the property market, Ho Wing-yin said that the property market is affected by different factors, including geopolitics, economy, and interest rates, etc., which all influence investor sentiment and views on the property market. It is difficult to extract any one factor from it and make a decision based on what number is reached. She stressed that the Hong Kong government will observe the overall dynamics of the different factors to make decisions.
Ho Wing-yin said that the Hong Kong government wants every policy to be stable and balanced. After the announcement of the anti-spiciness measures, the number of property transactions in Hong Kong in December was more than 2,900, up two consecutive months from 2,100 in October and 2,500 in November. Eligible foreign talents are exempt from the purchase stamp duty measures. There were 474 applications within more than two months.
Lam Kin-fung of the Hong Kong Economic and Social League said that after the Hong Kong Chief Executive announced measures to reduce spiciness, property market turnover has not improved, and property prices have continued to fall, proving that the Hong Kong government has always worried that once the spiciness is completely reduced, the expectation that property prices will soar will not occur. He said that the public wants to know whether the Hong Kong government will completely remove the government as soon as possible, so that the property market and the Hong Kong economy as a whole can be revitalized as soon as possible.