Property prices rise narrowed for Lin Zheng for some time?

Property prices continue to rise, but in June this year, the increase has narrowed, Lin Zheng new government regulation for the property market in exchange for a little time?

Yesterday’s Economic Daily reported that the latest figures released by the Rating and Valuation Department showed that the private housing price index at 336.1 points rose by about 0.7% in January, A record high.

15 months cumulative increase of about 23.8%. Last year’s November price index rose to 306.7 points, has exceeded the 2015 record of 306.1 points, as of June the price index has been a record 8 consecutive months, higher than the 2015 high of about 9.8% higher. The residential rent index also rose 1% monthly, up 7 months and the first six months rose about 5.8%.

At present, in the New Territories to buy a Class A 431 square feet below the car plate, property prices to an average of 4.85 million yuan, Kowloon District to 5.14 million yuan, Hong Kong Island area reached 6.27 million yuan. On average, the average price per square foot in the New Territories is about $ 11,274, the average price of $ 11,940 in Kowloon and the average price of $ 14,562 on Hong Kong Island.

If the property prices rose the relevant sector potential shot

The Hong Kong Government has tightened the contract for more than 15% of the stamp duty loopholes in April and the HKMA’s 8th round of counter-cyclical measures in May. 2.7% narrowed to 0.7%, at least for the new government in July, in exchange for a little time and space, without a play will continue to move to curb property prices.

Tang Rong reiterated that the property price index rose more than 2% per month on a monthly basis for more than two months or more, reflecting a strong rise in property prices and a hot market situation that would trigger the Hong Kong Government or relevant departments , 2012,2013,2015,2016 and 2017 are such a sudden increase in the situation caused by hot strokes. In the past 3 and April, the same pattern was adopted. As a result, the Hong Kong Government was shot in April and May. The problem was that the hot strokes or various types of mortgage control measures were less effective.

Looking for information, after the move in 2012, it is estimated that the tricks are not comprehensive enough, only two months, property prices and then appear more than two consecutive months of 2% increase in the results of the beginning of 2013 and then a hot move, Reaching 22 months, did not appear for two consecutive months 2% increase.

By the beginning of 2015, an increase of 2% for two consecutive months, the results have to move, until August 2016, there for three consecutive months, that is, 8 to 10 months more than 2% of the surge, reduced to only 17 Month, the results in exchange for 15% stamp duty on the introduction of the Hong Kong government, but the hot strokes more discomfort, only 4 months, as mentioned above, to 2017 March property prices and epilepsy, two consecutive months over 2% Forced to pay off again.

The property market is also easy to rise or fall also see sales

In other words, the effectiveness of the Hong Kong Government in recent years has shown that the “efficacy” is getting shorter and shorter, that is, the distance between each move, the price can not be curbed in the two consecutive increases of more than 2% , From 22 months to 17 months, the recent one is more only 4 months, the table shows the latest only two months of data, can continue?

However, the property market temporarily easy to rise or not difficult to change the pattern is not changed, property prices will be imposed on the charge, short-term should pay attention to sales, see the price adjustment can once again find strong water level, the other is the top ten housing week Sunday trading volume can return to double digits, on behalf of the market atmosphere back to warm.