In "Hong Kong Property," Cheung Kong's Liang Zhi Jian expects property prices to rise by 8% to 10% this year

The chairman of Cheung Kong Property, Liang Zhijian, pointed out that the Hong Kong property market has significantly recovered this year, with both price and volume increasing. He expects property prices to rise by 8% to 10% by the end of this year. He believes that the global political situation and environment are still subject to change, but emphasized that Hong Kong is supported by mainland China and has an international status while actively developing the Middle Eastern market.

Regarding the government's recently announced "Budget," Liang Zhijian noted that the government has not focused much on real estate, considering that the property market is still recovering. However, he believes that raising the stamp duty on residential property transactions over HKD 100 million to 6.5% will have little impact on the market. Although it may affect momentum, the volume of transactions involved is not large, and he believes that buyers interested in purchasing luxury homes will still enter the market.

He also mentioned that the government has not relaxed the price limit for the HKD 100 stamp duty, but he believes the government has its own views and will make changes depending on the social environment and demand. Developers will continue to follow up on relevant policy changes