Hong Kong's bailout will be a boon for first-tier cities
After Hong Kong released a big move to get rid of the property market tax hike policy to the end, we said clearly that Hong Kong's bailout will be bad for first-tier cities.
To put it more bluntly, the Hong Kong property market will suck the blood of the mainland.
There are many people who are still looking forward to the fact that Hong Kong has completely "withdrawn from the spicy", and Beijing, Shanghai, Guangzhou and Shenzhen will follow.
It's time to wake up, the situation in the property market in the first-tier cities in China is completely different, and it is difficult for everyone to feel it when you look at the official tone of the meeting.
Two days ago, Guangzhou made a mini adjustment, and the sale / rental of two sets in Guangzhou to buy a third house can be implemented according to the first suite, which is still twisted and pinched.
Previously, it was rumored that Shenzhen would relax a little, and it has not been introduced until today.
Hong Kong's action was very resolute, announcing the "withdrawal of spicy" on February 28 and the "new investment immigration plan" on March 1.
After the first round of sales of Henderson's "Belgravia Place in Cheung Sha Wan" project commenced on 3 March, a total of 138 units were subscribed by about 4,330 votes, which was more than 30 times oversubscribed and ignited the market.
According to the exchange rate and the conversion of the housing efficiency rate, this project is equivalent to about 150,000 yuan per square meter per square meter, Hong Kong has no shared area, the housing efficiency will be slightly higher, so if it is converted into a building area, it is similar to the urban area of the first-tier cities in China, and it is cheaper than the core area such as Xicheng.
However, in terms of annualized rental returns, Hong Kong's residential properties can reach 3%, and high-quality locations can even reach 4-5%, far exceeding the average rental return of 1.5% in first-tier cities.
In the past few years, Hong Kong has lost about 500,000 high-level talents, but through policies such as "high talents, excellent talents", it has vigorously introduced mainland talents, and the population has returned to 7.5 million, basically completely filling the talent gap.
This means that the talents lost by Hong Kong to foreign countries will be filled by the talents from the mainland, so who can fill the talents lost from the mainland? Who can fill the population lost in Beijing?
Hong Kong's one-off removal of up to 30% of taxes equates to an immediate 25% cheaper price in real estate, compared to nearby Shenzhen and other first-tier cities.
On Weibo, some people ridiculed that houses in Tianjin are cheap, why don't you see Beijingers going to Tianjin to buy houses?
Even if it is an international financial site, Hong Kong's advantages are still very obvious: capital can flow freely and exchange currency at will; 168 countries are visa-free, and most countries in the world can just go; the medical level is also very high (Hong Kong is the city with the longest average life expectancy in the world), and Hong Kong also has the advantages of international education that China does not have, and there are many talents who go to Hong Kong for the education of their children.
In the past two years, how many people in Beijing and other first-tier cities have applied for Hong Kong identity through high-quality talents and talents, you may not have a concept, but are the intermediaries and advertisements for Hong Kong's talents everywhere?
If the first-tier cities want to reverse the trend of housing prices, they should be on par with Hong Kong, but it seems difficult at the moment, because we have "housing not speculation", and Hong Kong is an exception.
Of course, Hong Kong also has Hong Kong's difficulties, Messi does not play in Hong Kong and does not shake hands, and the concert in Singapore has achieved great success and influence, and the limelight has been stolen by Singapore, and Hong Kong also needs to make more efforts to get back this wealth that belongs to it.
Beijing Xiaoyangchun is gone, and the performance of Shenzhen's property market is much worse than Beijing's.
Shenzhen's real estate viewing groups are not looking at houses in Shenzhen, but also going to Hong Kong to see them.
At the time of writing, I was also looking at properties in Hong Kong, and 8 out of 10 people I met were from the mainland, most of them from the Greater Bay Area.