Showing posts with the label Mr Leung's recent 2013 policy speech

Various updates

Property agents are reporting a strong pick up in activity over the last few weeks as transactions start increasing again. Demand is strong form first time buyers wanting to get into the market for smaller apartments, and also apparently very strong from families who have either been renting, or had a smaller place, wanting to upgrade to larger sized places.
I was sent this advert recently by the way by a private seller of a so called "combined unit" Park Island apartment:
It might be a of interest to people seeking a larger home.
Its hard to tell what will happen to the market and what if any other measures the Government puts in place to discourage people form selling, but my guess would be we will see 8-10% gains in prices per year over the next few years, as interest rates look like remaining at rock bottom lows for some time to come, and demand for Hong Kong property keeps rising with 60,000-100,000 p…