Date:21th-22th June, 2025 Venue:Guangzhou Poly World Trade Expo
| The Hong Kong government has relaxed investment immigration policies for nearly 4 months, and the Hong Kong property market in these areas has become popular |
| data:2025-02-18 10:51:12 | viewed： |
| On October 16, 2024, the Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, released his third policy address during his term, in which a major measure was to optimize the "New Capital Investment Entrant Scheme". Prior to this, the "New Capital Investment Entrant Scheme" launched at the end of 2023 required eligible applicants to invest HKD 30 million or more in Hong Kong within the two years prior to submitting their applications, in order to apply for entry into Hong Kong. The investments mainly include financial assets such as stocks, bonds, certificates of deposit, and non residential properties. In this policy address, in order to further strengthen Hong Kong's position as an international asset and wealth management center, the Hong Kong government has decided to include investments in residential properties worth over HKD 50 million in the plan, while setting a maximum limit of HKD 10 million for investments in real estate. And from March 1, 2025, investments made through eligible private companies wholly owned by the applicant can also be included in the eligible investment amount. This series of policy adjustments aims to attract more high net worth individuals, business elites, and innovative entrepreneurs to invest in Hong Kong, injecting new impetus into its economic development. The policy adjustment has caused ripples in the Hong Kong real estate market, especially in the high-end residential sector worth over HKD 50 million, where the changes in transaction volume can be described as immediate. According to relevant information and market news, from October 16, 2024 (the day of the new policy announcement) to February 10, 2025, a total of 141 first-hand residential transactions worth over HKD 50 million were recorded. On the 118 days before the relaxation of investment immigration, from June 20 to October 15, 2024, this data was only 117 cases. By comparison, the growth rate is about 20.5%. This significant growth intuitively reflects the stimulating effect of policies on the market. The activity of the first-hand high-end residential market has significantly increased, and buyers have been attracted by the new policies to purchase properties one after another. Behind the significant increase in transaction volume, the real estate markets in different regions have different performances. The three major regions of Hong Kong Island, Kowloon, and the New Territories have their own strengths and different transaction trends in the wave of real estate after the relaxation of investment immigration policies. Transactions in Kowloon account for nearly 60% of the overall market In the 118 days since the relaxation of investment immigration, Kowloon (including Tseung Kwan O) has undoubtedly become a popular area for Hong Kong real estate investment, with over HKD 50 million in first-hand transactions reaching 83 cases, accounting for about 58.9%, leading the way among the three major districts of Hong Kong: Hong Kong Island, Kowloon, and the New Territories. Moreover, among the top 5 new projects with the highest trading volume during this period, Kowloon District accounted for 4, of which 3 were located in Kai Tak, Kowloon. The Kai Tak Seal? Day 1 ranked second with a trading volume of 16 transactions; Qide Yujing ranks third with a transaction volume of 15 cases; Qide Tianlong ranks fifth with a trading volume of 10 transactions. The outstanding performance of Kowloon District is mainly due to the following advantages: Firstly, there are dense intersections of subway lines in Kowloon, such as the Kwun Tong Line, Tsuen Wan Line, and East Rail Line, which run through Kowloon. This not only facilitates residents to work in the core commercial area of Hong Kong Island, but also provides quick access to leisure areas in the New Territories for sightseeing. For people who often need to travel, the advantage of being close to the airport in some areas provides great convenience. Secondly, the development of Kowloon District is diversified, with traditional and well-known commercial districts such as Tsim Sha Tsui attracting global tourists for shopping and sightseeing. Shopping malls, restaurants, and entertainment venues are readily available, creating a strong living atmosphere; There are also residential areas such as Kowloon Tong and Kai Tak that provide diverse housing options to meet the living needs of different groups of people. Furthermore, the educational resources in Kowloon are relatively abundant. Although the overall concentration of educational resources may not be as high as on Hong Kong Island, in certain areas such as Kowloon Tong, there are numerous well-known schools that cover all stages from kindergarten to university, providing a high-quality educational environment for families who value their children's education. Finally, compared to Hong Kong Island, the housing prices in Kowloon are relatively affordable. With relatively abundant land resources, there are more developed properties, which to some extent alleviates the supply-demand contradiction and enables buyers to purchase their desired residential properties within a relatively affordable price range. The cost-effectiveness advantage is obvious. The performance of North Point properties on Hong Kong Island is impressive As the commercial and financial core area of Hong Kong, Hong Kong Island has also performed well in this real estate wave. In the past four months, the Hong Kong Island area has recorded 43 first-hand transactions of over HKD 50 million, accounting for approximately 30.5% of the total first-hand transactions of over HKD 50 million in Hong Kong. Among them, the performance of the North Point Haixuan II series is particularly impressive, with the highest number of transactions in the Hong Kong Island area, totaling 14 cases. The property also ranks fourth among all first-hand transactions of over HKD 50 million in Hong Kong. The advantages of property transactions in the Hong Kong Island area are very prominent. Its geographical location is unique, for example, Central on Hong Kong Island, as a well-known financial center, gathers numerous international financial institutions, well-known law firms and other large enterprises. For workers working in these enterprises, buying a house in the Hong Kong Island area has a relatively short commuting distance, greatly saving commuting time costs. The commercial resources here are also extremely abundant, with numerous high-end shopping malls such as IFC, Landmark, and Taikoo Place, providing consumers with an excellent shopping experience. From international top brands to high-end restaurants, everything is available. In terms of transportation, the public transportation network in Hong Kong Island is well-developed, with a complete range of transportation options such as subway, bus, and Dingding bus. Not only can it quickly reach every corner of Hong Kong Island, but the transportation connections between the Kowloon Peninsula and the New Territories are also very smooth. Educational resources are a major highlight of Hong Kong Island, gathering numerous top schools and educational institutions, such as the school district housing around the University of Hong Kong, which has always been favored by parents. In addition, the urban landscape of Hong Kong Island is also highly praised, with many residences offering charming sea, mountain, or city views, providing residents with a high-quality living experience. The proportion of New Territories is relatively low During this period, there were 15 first-hand residential properties in the New Territories that sold for over HKD 50 million, accounting for approximately 10.6% of the total in Hong Kong. The transaction volume was relatively low compared to Hong Kong Island and Kowloon. The advantage of the New Territories lies in its vast territory, abundant natural environmental resources, and relatively low housing prices, which are a great attraction for buyers with limited budgets. Here, relatively small funds can be used to buy larger houses, and many residences also have courtyards or larger balconies, which can meet residents' needs for outdoor activities and private space. Moreover, areas such as Sha Tin and Tuen Mun in the New Territories have gradually improved their supporting facilities through planning and construction, including shopping centers, hospitals, schools, and other basic living facilities. However, compared to Hong Kong Island and Kowloon, there is a certain gap in transportation convenience and commercial maturity in the New Territories. In terms of transportation, although the traffic situation in the New Territories has improved in recent years, the overall density of the transportation network is still lower than that of Hong Kong Island and Kowloon. For people working in the core areas of Hong Kong Island or Kowloon, commuting time may be longer. In terms of commerce, the New Territories lacks highly developed commercial centers like Central on Hong Kong Island and Tsim Sha Tsui in Kowloon, with a lack of strong commercial atmosphere. There is also a lack of high-end commercial resources and international commercial supporting facilities. Although educational resources are constantly developing, the number and concentration of high-quality schools are also difficult to compare with those in Hong Kong Island and Kowloon. These factors combined have resulted in relatively low transaction volume in the high-end real estate market in the New Territories. In the short term, the relaxation of investment immigration policies by the Hong Kong government has a certain stimulating effect on the Hong Kong property market. However, in the long run, the trend of the Hong Kong property market will be influenced by various factors such as the global economic situation, changes in interest rates, and the local economic development of Hong Kong. |
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