This article is from the WeChat public account: Economic Observer (ID: eeo- com-cn) , author: Chen Po, from FIG title: Oriental IC
Hong Kong residents who have had enough of high housing prices have set foot on their journey north to buy a house. These are three stories of Hong Kong home buyers of different age groups choosing different home ownership paths.
If you are over 40 years old, you buy a house for your old age, and you only step on the plate 1-2 times. As long as you are satisfied with the first impression, you can quickly shoot. In Zhongshan City, Guangdong Province, there is a wave of home-grown elderly home buyers in Hong Kong. They are looking for the “big plan” for retirement after retirement.
At the same node, the young Hong Kong drifting Eva is waiting for the new listing at the Shenzhen Futian Port, she said, other cities will not consider it.
Yvonne, who also graduated from Hong Kong and obtained Hong Kong resident status, firmly determined the scope of home purchase in Hong Kong city.
On November 6, 2019, the Chief Executive of the Hong Kong Special Administrative Region, Mrs Carrie Lam, announced 16 policies and measures to promote the benefits of the people and facilitate the development of the Hong Kong professional sector in the Greater Bay Area. The 9 cities in the Greater Bay Area have completely opened their arms to Hong Kong residents.
Guangzhou goes a step further. People from Hong Kong and Macau can buy a house in all districts of Guangzhou without providing proof of study, work, and residence. They only need to provide Hong Kong and Macao ID cards and passes, and they can buy a house if they meet the conditions of no house in China .
Hong Kong residents, fed up with high housing prices, set off on their journey north to buy a house. These are three stories of Hong Kong home buyers of different age groups choosing different home ownership paths.
Zhongshan Buying House Pension
International hotels in Zhongshan City, or Zhongshan Port Wharf, these daysAs long as Hong Kong guests step off the direct express bus or express boat, the group of intermediary personnel waiting in the surrounding area will rush to catch up and intercept it quickly. In jargon, this is “fishing.”
Since September 2019, the “fishing” tactics have become more common in Zhongshan’s major traffic points connecting Hong Kong. “At this point in time, the number of customers who came to see the house from Hong Kong did increase a lot.” Lin Ya said that a recent sentence in Zhongshan Real Estate’s intermediary circle won Hong Kong customers the world’s reputation. “
He is an agent of Zhongfang Qfangwang. He has been in the real estate industry for three years. The property market in the last half of the year has surprised him. Zhongshan was not without Hong Kong customers, but now, Hong Kong people More like to buy a house.
A colleague of Lin Ya has just promoted a Hong Kong client’s sale of a luxury home in downtown Zhongshan last month. Within three weeks, this Hong Kong client introduced two other Hong Kong friends one after another.
When talking about my colleagues’ Hong Kong business, Lin Ya was lucky.
It’s also in Zhongshan. As a TOP30 real estate marketer in the Zhongshan area, Zhang Yang has been responsible for the real estate, since May 2019, Hong Kong home buyers have accounted for 80% of the overall transaction.
But before that, Zhongshan’s purchase restriction policy was like a stumbling block. “At that time, not one of the ten customers was a Hong Kong customer.” Zhang Yang told the Economic Observer.
According to previous regulations, Hong Kong residents need to work and study in China for a certain number of years before they can purchase self-use and self-occupied commercial houses that meet actual needs. For cities that implement a housing purchase restriction policy, Hong Kong residents must also comply with local policies and regulations when purchasing a house.
Zhongshan’s current round of purchase restriction policies began in 2017. At that time, Zhongshan required non-city household registration households to provide more than half a year of continuous personal income tax certification or social security certificate in Zhongshan in order to purchase a new house; Overseas Chinese and Hong Kong, Macao and Taiwan compatriots with no dwellings in Zhongshan’s jurisdiction and their ancestral home in Zhongshan are allowed to purchase 1 new house.
“Since May of last year, Zhongshan gradually relaxed the restrictions on purchases by Hong Kong and Macao people. It only needs to provide a one-month social security guarantee.” This has become a major factor in the increase in the number of Hong Kong customers for Zhangyang Real Estate.
A more direct “fire” appeared in November, 2019. The Chief Executive of the Hong Kong Special Administrative Region, Lam Cheng Yuet-yee, released restrictions on purchases, including “exemption of Hong Kong residents’ working life certificates such as purchases of houses in cities in the Greater Bay Area” A number of measures to benefit the people.
As a result, Hong Kong residents have direct access to Guangdong”Room tickets” in cities in the Greater Bay Area of Hong Kong and Macau. “Now Hong Kong people have a simpler requirement to buy a house in Zhongshan. They only need to provide a proof of houselessness in Zhongshan and issue a social security record. There is no age limit.” Lin Ya said .
Lin Ya has just recently completed a deal, and the other party is a Hong Kong elder who has passed his destiny. He never germinated the idea of buying a house in the Mainland. After the restriction on purchases was released, he suddenly thought of going to Zhongshan to take care of himself.
Age ranges from 40-50 years old. The purpose of buying a house is more for the elderly, and the area of the favored apartment is mostly about 100 square meters-this is a portrait of Hong Kong customers who have recently purchased a house in this part of the north. They choose to go to Zhongshan to view a house. They already have a strong willingness to buy. Basically, they only need to step on the market 1-2 times. When they see a favorite house, they start quickly.
In the last two weeks of 2019, Michael spent his way around the house. He is a native of Hong Kong and currently works as an executive in a foreign company in Shanghai. He has 4 years to retire.
Don’t want to go back to Hong Kong or go too far away, Michael finally set his sights on Zhongshan. Stepping on the plate one day, taking his wife to Zhongshan every other week, and taking the shot on the spot to start, the entire process of buying a house was simply neat.
The reason he gave is also very simple: The Hong Kong International Airport ferry can go directly to the Zhongshan Port terminal. The whole journey takes about an hour. The Shenzhen-Zhonghua Corridor will soon open and the traffic is quite convenient. The common language in Zhongshan is Cantonese, which means communication There are no problems; house prices are cheap, and there are many new brands to choose from.
Hong Kong Drift Real Estate Dream
Lin Ya is talking about her experience of bringing Hong Kong home buyers on the plate.
“Let’s visit the project model room together and step into the master bedroom, a large suite with an area of about 30 square meters. The customer exclaimed that the master bedroom alone is as big as the house my daughter bought in Hong Kong. “
Before choosing Zhongshan, this Hong Kong home buyer had settled on a house in Hong Kong, and the average price was about RMB 165,000 per square meter.
High housing prices along the narrow per capita living area; more than 7 million Hong Kong people, and less than 50% of the housing ownership rate, all of which are the fundamental reasons that have driven some of Hong Kong’s older home buyers to the mainland.
The Hong Kong Special Administrative Region Government has published a report entitled “2016 Population By-census”, which shows that the median floor area per capita of households in Hong Kong is 15 square meters.
Since 2003, house prices in Hong Kong have been rising counter-cyclically. According to data provided by Midland Real Estate, although Hong Kong property prices have fallen from a high level in 2019, they still show a slight upward trend compared with the end of 2018. As of 24, 2019, the Hong Kong property price index was 165.11, and the cumulative increase in 2019 was about 2.55%.
“Hong Kong’s high property prices and expensive rents have created huge living pressures and are a serious problem for people’s livelihood.” This sentence has been written into the policy address twice.
The real estate that Lin Yadai sees is Agile Cambridgeshire, which is adjacent to the central area of Zhongshan. The average price of hardcover is 15,000 yuan / square meter. Comparing the two, the unit price gap is more than 10 times.
The absolute advantage in price is enough to quickly attract Hong Kong customers. Originally, it was expected to buy a 100 square meter apartment. In the end, the Hong Kong home buyer won a 140 square meter luxury home in one fell swoop.
“Regionality, price and volume of real estate”, Lin Ya, in his contacts with Hong Kong home buyers, summarized their three major considerations when buying homes in the Mainland.
If you look at it from a regional perspective, in the past, Hong Kong people felt that the 9 cities in the Guangdong-Hong Kong-Macao Greater Bay Area felt more like Shenzhen and Dongguan. Zhongshan may not be their first choice. Many of Hong Kong’s home buyers that Zhang Yang has received have a lot to offer to the Shenzhen market. After all, geographically, Shenzhen is closest to Hong Kong.
But it is also because of this that Hong Kong home buyers have long expected high prices in Shenzhen. “In the past, they were more inclined to Shenzhen or Dongguan, now? To be frank, buying real estate in Shenzhen is better than buying a house directly in Hong Kong.” Zhang Yang said that in the past six months, many Hong Kong house buyers have chosen to go directly to Zhongshan to see a house.
An interesting phenomenon is that when some of Hong Kong’s older homebuyers are searching for future retirement plans in the Zhongshan property market, young Hong Kong drifters still look at the city of Shenzhen.
In the first 11 months of 2019, the cumulative number of home purchases made by Hong Kong people through Midland Shenzhen increased by 81% compared with the same period last year. If the statistics are separately collected from July to November 2019, the cumulative number of Hong Kong home purchases is even more than the same period last year. Up 94%.
Eva, who has been replaced with a Hong Kong Special Administrative Region Identity Card, is waiting for a new offer from Shenzhen Futian Port. After completing her studies in Hong Kong, she stayed in this bustling city and worked hard for several years to successfully obtain her permanent residence in Hong Kong.
Eva started her home inspection tour in Shenzhen as early as last year. She works in the New Territories, Hong Kong, during working hoursMore flexible, “passing the border” is not troublesome for her. Since they are not the second generation of Hong Kong, buying a house in Shenzhen makes it easier to get together with family members in the Mainland.
So, the Greenview Mangrove Bay near Shenzhen Futian Port was included in her consideration at that time. The caliber given to her in the early stage of the crime scene is that the estimated price is about 70,000 to 80,000 yuan per square meter, and she only needs to provide a Hong Kong identity card, home permit and homelessness certificate. Even the agency guarantees that it is not necessary.
However, after the opening, the unit price of 100,000+ was blocked, which prevented her from entering the market. She also turned to Hong Kong’s property market for a time, but the turbulent social environment worried her. Today, Eva’s favorite new Fukuda is still not for sale, she said, bite her teeth and wait, other cities will not consider it.
willingness to stay in Hong Kong
“Happy New Year.” In the early morning of January 1, Yvonne sent a circle of friends from his WeChat. The picture is a photo with friends on the first day of the new year.
This is Yvonne’s fifth new year in Hong Kong. Four years ago, she graduated from a university in Hong Kong and successfully obtained a visa to stay in Hong Kong.
Today, Yvonne takes at least one day a month to travel to Shenzhen, shopping, shopping, and dining. This is her second place to live.
However, unlike Eva, Shenzhen is not listed as an option in Yvonne’s home purchase plan. “I can go to eat, drink, and have fun once a month, but I don’t work and live in the Mainland. I definitely have to stay in Hong Kong to buy a house.”
Yvonne’s choice is almost the wishes of all Hong Kong youths. “Only Hong Kongers who are older and understand it, will not be overwhelmed by money and accept to go to the mainland to buy a house,” she said.
In fact, for Yvonne, the decision was tough enough. Even if her personal income is in the middle level in Hong Kong, she never thought of relying on herself to buy a house in Hong Kong. “House prices in Hong Kong are so high that it is commonplace for young people to not afford a house. Except for a few young people in Hong Kong who are engaged in finance or doctors, whether it is the down payment or the ability to make contributions, these private buildings currently exceed the affordability of ordinary people.” >
A friend of Yvonne has just started a house of more than 20 square meters in Hong Kong, with a total price of more than HK $ 4 million and a down payment of HK $ 360,000. After passing the bank stress test, the friend applied for 90% of the mortgage and a 30-year mortgage term. Even so, the monthly supply also reached 15,000 Hong Kong dollarsyuan.
Release the ceiling on the property price for 90% of the mortgages. This is also the new policy mentioned in the Policy Address released by the Hong Kong Special Administrative Region on October 16, 2019. label = “Remarks”> (that is, no Hong Kong residential property was held at the time of application) The ceiling of the property price that can apply for a mortgage loan of up to 90% will be raised from the current HK $ 4 million to HK $ 8 million; a maximum of 80% mortgage can be applied for The ceiling on the value of loans has been raised from HK $ 6 million to HK $ 10 million, including mortgages for house-for-owner property exchange.
Data from the Hong Kong Land Registry show that in November 2019 following the release of the new policy, the number of residential building sales contracts in Hong Kong reached 5,756 units, an increase of 43.86% compared to the 4001 units in October.
However, after communicating with most young Hong Kong friends, Yvonne found that although the policy stipulates “relaxation”, the real decision of the mortgage is in the hands of the bank. Banks must do a stress test first. If the monthly income and repayment ability cannot keep up with the house price level, it means that buyers cannot pass the bank’s stress test, and such a mortgage loan application is naturally unsuccessful.
“Over the years, the Hong Kong Monetary Authority has introduced a lot of counter-cyclical measures aimed at the regulation of the property market. For stress testing, the rules have always been very strict.” Yvonne told the Economic Observer.
Despite all the difficulties, Yvonne, who is waiting for 7 years to live in permanent residence, has not changed her mind about buying a house-“Because the house is just needed, as long as I live and work here, this is the problem I can’t escape.”
This article is from WeChat public account: Economic Observer (ID: eeo-com-cn) , Author: Chen Po