View Poll Results: How to Bring Down Home Prices in Hong Kong?

Voters
12. You may not vote on this poll
  • Rent controls

    1 8.33%
  • Price controls

    1 8.33%
  • compulsory acquisitions of industrial buildings which fail to revitalise

    0 0%
  • Higher Stamp Duties and SSDs for non-HK residents

    1 8.33%
  • Vacancy tax

    2 16.67%
  • 30% profit tax for property developers

    0 0%
  • Government should stop selling lands to the highest bidders

    1 8.33%
  • Restrictive immigration and visa policies

    0 0%
  • HKSAR policymakers on housing should not own any house in Hong Kong

    0 0%
  • End crony capitalism in Hong Kong

    0 0%
  • some of the above

    4 33.33%
  • all of the above

    1 8.33%
  • all of the above?

    1 8.33%
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How to Bring Down Home Prices in Hong Kong?

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  1. #11

    Join Date
    Mar 2021
    Posts
    60

    Shouldn't there be plenty of profit motive if building were easier? There are plenty of low rise buildings that could be redeveloped, and there is plenty of land if the permitting could be done faster.


  2. #12

    Join Date
    Aug 2012
    Location
    Location Location
    Posts
    1,201

    There needs a few measures. But they need to follow a certain order to make sure they work.

    - Set up taxes for new buyers
    - Arrange it so it is difficult for travel to and from Hong Kong
    - Wait for a global economic slowdown
    - Implement measures which encourage emigration
    - Lower permitted leverage ratios for property developers in Mainland China
    - Let the fire sale from the liquidity crunch lead to a collapse in property values
    - Profit (or loss)

    But I don't see any government realistically doing all that.

    hullexile, Sith, blandy62 and 1 others like this.

  3. #13

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585

    Hk property is played like the stock market.. so psychological weakness can lead to sudden rush of selling..
    The Evergrande episode exhibit CCP's intention in suppressing real estate prices in SZ/GZ and i am sure HK. Easiest is to cut out fund flows into hk for property purchases..

    https://hk.news.yahoo.com/%E6%94%BF%...214500597.html

    Skyhook likes this.

  4. #14

    Join Date
    Aug 2011
    Location
    Hong Kong
    Posts
    677
    Quote Originally Posted by shri:
    Learn something new every day. Was not aware of that.
    The wife having owned apartments in Shenzhen, this has been in one form or another for a long time. Sometimes it's tax, sometimes price control. That is why you have the official price, then the " just stick the rest in an envelope" price. The banks will only lend on the official price. So cash fills the gap, literally.

  5. #15

    Join Date
    Aug 2008
    Location
    猴山
    Posts
    23,652
    Quote Originally Posted by shri:
    Why does that matter any more? Aren't the asset owning middle class patriotic?
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    There has been no transition in power. Why would policy change.


    Only informed voices asking difficult questions in the legislative chamber have gone. Now policy only get's challenged by the 'press'