British media said the Mainland funds to ebb failure of Hong Kong property market: fallen 11%
Reference news, May 15 British media said that in Hong Kong, most people live in tiny cramped apartments, compared with them, apartment in New York or London like a Palace. Nevertheless, Hong Kong has won the title of most difficult burden on cities in the world.
According to the United Kingdom by the financial times, May 9, the former United Kingdom colonies, this is a heavy "honour". Here, buy the most obscure apartment will cost you at least $ 1 million, and always eager to maximize their incomes, developers have worked out, apartment building can also be smaller (only 46 square meters), a little less affluent buyers to sell to a large number of.
Reported that the building of Hong Kong's real estate industry is showing cracks. Property prices are rising to increasingly unsustainable to new heights. Restrictions on foreign buyers in Hong Kong and the Mainland's tightening of capital controls, is starting to inhibit the buying impulse. Funds from the Mainland has been boosted from Sydney, London to New York real estate sales.
Affordability, for example. Demographia international housing affordability survey, third quarter of last year, Hong Kong median is median family income before taxes 19 times, ranking first in the world, and ranked second in the Sydney house price-income ratio of 12.2 times times, eighth place in London to 8.5 times.
Count for 2003 to September 2015 the peak period, and the subsequent date of asset inflation, property prices in Hong Kong surged by 370%, limited supply, record low interest rates as well as funds from the Mainland strongly exacerbated the rise in property prices.
The results? Around the world between the ages of 18 to 35 years old millennial generation, Hong Kong the millennial generation live longer with their parents--often lived there until they were married and still living with their parents after marriage is also more and more.
Foreign buyers are also starting to deflate. This is not surprising. There are few places on Earth spend so much money can only buy so little space. Today, many people with cash are turning to Europe, Japan looking for relatively cheap house.
Introduced in October 2012 to foreign buyers and investors in the stamp duty rate of 15% policy, further depressing home buyers desire. The policy is designed to cool spiralling House prices, and in some ways, it has played a role. Trading volume declined, prices stabilized, but real estate agents complain incessantly, said this policy kill the secondary market.
Reported, but compared with the storm winds, these problems seem insignificant. This time the wind from the mainland--it is turn off the money tap. In mid-August last year, the Renminbi-dollar exchange rate one-time cut 2%, shaking on the global market, and since then the Renminbi has depreciated by 5.8%, is in a weak State, and many believe the Renminbi will fall further in the future, and may even appear again drop.
In response, China has tightened capital controls, increase the difficulty of the outflow of funds and more vigorous implementation of the quota system, tightening foreign investment application process.
China's anti-corruption campaign has also had an impact by tracking capital flight path, greatly reducing the hideout of overseas cash. In the presence of all the factors mentioned above, cross-border capital inflows into the Hong Kong property market becomes less and less.
Reports that Hong Kong's real estate industry has led to a dangerous signal. In February, a price per square foot of residential land in the new territories were nearly 70% less than half a year ago a similar plot.
According to centaline China city's leading index (CCL), 11% lower than its peak last September in Hong Kong.
Developer's tone started to become more and more pessimistic, more optimistic medium using a repeating himself--the rich will always be rich, they could find a legal way to circumvent capital controls.
This is true, but it is equally true that, mainland China is running out of cash, yields have been squeezed, the purchase is still out of reach for many people.
As the United States Investor Warren Buffet said: "the tide goes out, learn who's swimming naked."
Reported measures in mainland China will let Hong Kong's real estate market has exposed a large number of nude swimmers, London, New York and Vancouver's real estate market is likely to do so.
(Editors: Biao Guo UN832)
2016-05-15 05:29:04
Reference news
英媒称内地资金退潮带衰香港楼市：已跌去11%
参考消息网5月15日报道英媒称，在香港，多数人都居住在狭小逼仄的公寓中，与它们相比，纽约或伦敦的公寓宛若宫殿。尽管如此，香港依然赢得了全球房价最难负担城市的头衔。
据英国《金融时报》网站5月9日报道，对于这块前英国殖民地而言，这是一份沉甸甸的“荣誉”。在这里，买间最不起眼的公寓也至少要花掉你100万美元，而永远渴望收入最大化的开发商已计算出，还可以将公寓建得更小（仅46平方米），向大量稍微不那么富裕的购房者出售。
报道称，但香港的房地产业大厦正在显现裂痕。房价正在升至越来越不可持续的新高度。香港对外国购房者的限制以及内地对资本管制的收紧，正开始抑制购房冲动。来自内地的资金已经提振了从悉尼、伦敦到纽约的房地产销售。
以负担能力为例。Demographia的国际住房可负担性调查显示，去年第三季度，香港房价中值是家庭税前年收入中值的19倍，居世界第一，而位列第二的悉尼房价收入比为12.2倍，第八名的伦敦为8.5倍。
算上2003年至2015年9月峰值期间、以及随后至今的资产通胀，香港房地产价格飙升了370%，供应有限、创纪录的低利率以及来自内地的资金都强有力地加剧了房价涨势。
结果如何？与世界各地年龄介于18岁至35岁之间的千禧一代一样，香港千禧一代与父母同住的时间更长了——往往一直住到自己结婚为止，而婚后仍与父母同住的现象也越来越多。
外国购房者也开始泄气。这并不奇怪。地球上没有几个地方花这么多钱只能买下如此小的空间。如今，许多人正带着现金转向欧洲、日本寻找相对便宜的房子。
2012年10月实施的对外国购房者和投资者征收税率为15%的印花税的政策，进一步抑制了购房欲望。该政策旨在为呈螺旋上升的房价降温，在某种程度上，它已经起到了作用。交易量下降，价格趋稳，而房地产中介叫苦不迭，称这一政策扼杀了二级市场。
报道称，但与即将袭来的寒风相比，这些问题就显得无足轻重了。这一次的寒风来自内地——它正在关上资金的水龙头。去年8月中旬，人民币兑美元汇率一次性下调2%，对全球市场造成震动，自那以来人民币已贬值5.8%，处于持续疲软状态，而且许多人认为人民币未来还会进一步贬值，甚至可能再次出现汇率下调。
作为应对，中国加强了资本管制，增加资金外流的难度，同时更加坚定地执行配额制，收紧海外投资申请程序。
中国的反腐运动也产生了影响，通过追踪资金外流轨迹，大大减少了资金在海外的藏身之所。在上述所有因素的作用下，跨境流入香港房地产市场的资金变得越来越少。
报道称，香港房地产业已经出现了危险信号。2月份，新界的一块住宅用地每平方英尺价格比半年前的类似地块低了近70%。
据中原地产的中原城市领先指数（CCL），香港房价比去年9月高点低了11%。
开发商的口气开始变得越来越悲观，较为乐观的中介则用一句口头禅鼓舞自己——富人永远是富人，他们总能找到合法途径规避资本管制。
这话的确是事实，但同样是事实的是，中国内地的资金正在枯竭，收益率已受到挤压，购房对许多人来说仍遥不可及。
正如美国投资家沃伦·巴菲特所言：“只有退潮了，才知道谁在裸泳”。
报道称，中国内地的措施将让香港房地产市场暴露出大批裸泳者，伦敦、纽约和温哥华的房地产市场很可能也会如此。
(责任编辑：郭彪 UN832)
2016-05-15 05:29:04
参考消息