Home » Business » Responding to the “support market”, Paul Chan Mo-po: He hopes to restore the real estate market to a state without “hot tricks” and to be managed by the market – RTHK

Responding to the “support market”, Paul Chan Mo-po: He hopes to restore the real estate market to a state without “hot tricks” and to be managed by the market – RTHK

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2024-10-27 HKT 11:45

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Responding to the “support market”, Paul Chan Mo-po: He hopes to restore the real estate market to a state without “hot tricks” and to be managed by the market – RTHK


New policy guidance proposes measures such as reducing the maximum residential mortgage loan ratios to 70%. to improve the property market Return to a situation where there was never a “hot trick”, regulated by the market and operated freely.

Chen Maobo said that in the past two months, real estate prices have been stable and have not increased significantly The volume of primary and second-hand real estate transactions has fallen to an average of 4,000 to 5,000 fall, everyone is more careful. He said that a reasonable price must be considered when buying a property, but at the same time, he believes that there is no need to worry about supply exceeding demand, causing property prices to skyrocket and making it difficult to go into the market.

Former Chief Executive Leung Chun-ying pointed out earlier that the government should be careful about transferring land and housing and pay attention to whether negative equity problems are possible. have made ends meet and asked for government funding. Chen Maobo, drawing on the experience of many governments, said that land development work must continue and cannot be stopped due to fluctuations in the real estate market, otherwise it will have sequelae and have a big impact. He emphasized that the development of infrastructure is important, and making good use of land in remote areas will help to avoid the increase of real estate prices in “rich areas”.

In addition, the trading mood in the Hong Kong stock market was wild earlier, with trading volume once reaching a new high. Chan Mao-po believes that the change in the outside world’s response to the Hong Kong stock market is believed to be the fear of losing the opportunity and the rush to enter, related to the fiscal and monetary policies issued by the central government. He confirmed that the government would continue to work hard to attract more companies to list in Hong Kong and that they would do more to advertise the opportunities that Hong Kong could have.

2024-10-27 03:45:00
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