The first half of the people of Hong Kong home buyers down 29%

Hong Kong home buyers in the international research report pointed out that the first half of this year the people of Hong Kong to purchase the property about the number of flats from 9100 to 9700 sets, than the same period last year declined substantially by 29 percent. The company pointed out that the recent desire of people to go northward home buyers has increased, it is estimated that Hong Kong people to buy the whole year the number of properties in Mainland only 19,800 to 20,800 units, compared with the amount of 15.7 billion yuan, up by about 13 percent the previous year.

Home buyers International President Cai Michael Choi Ngai-min said the launch of the macro-control measures in many cities affected by the real estate market, the Shenzhen as an example, the only turnover the first half of 1.5 million square meters, over a year earlier, down 50 percent.

He believed that the Shanghai property market in the first quarter of solid performance, but second-quarter turnover also begin to decline. But he is expected to price increases this year of about 6-7 percent. He is not optimistic about the Beijing property market, he expected Beijing Olympic Games after the property market turnover will decline, but the trend remains to be seen.