Last Wednesday, the Lord of Finance announced a new budget. In terms of land and housing, although he did not reduce the price for non-Hong Kong buyers as requested by the developers, he lowered the ad valorem stamp duty on properties. The author expects that the future market will have the following three conditions:
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1. Transactions of old buildings, nano-buildings in the New Territories and uncompensated housing will increase
This adjustment of stamp duty can drive the transaction of small and medium-sized units, and can also reduce the burden on passengers, saving up to more than 60,000 in taxes. In terms of calculation alone, the property that saves the most is 9 million yuan, which saves a total of $67,500, but psychologically, the property with 2 million to 3 million yuan saves the most, because the tax is from zero to almost nothing, from $45,000 to $45,000. $100, even if the transaction price exceeds 3 million, such as 3.1 million or 3.2 million, you will only pay 10,000 to 20,000 yuan in taxes and fees. Tai Po, etc. Old tenement buildings with a price of regarding $10,000 per square foot, 20300 square feet, semi-new nano-buildings in the New Territories such as Chengdian in Tuen Mun, Lanshan in Tai Po, etc., and HOS without land premium are the most favorable , The new measures will attract some buyers who have limited funds but want to get on the car to enter the market.
2. Cases of “deletion of names” will increase significantly
Many joint home buyers have to pay expensive stamp duty due to the “demolition of name”. For example, a 5 million unit would have to pay half of the property price (2.5 million) in the old system, which is $37,500. For example, 6 million would be Pay $45,000, but pay only $100 today, greatly reduced taxes. Even if it is a property of 10 million, you used to pay 150,000, but now you only pay 115,000, and you can still save 37,500.
3. Good for parking spaces and fine-coded industrial buildings
For parking spaces with transaction prices ranging from 2 million to 3 million and some industrial building units located in Kwai Tsing and Tuen Mun districts with a total price of less than 3 million, it is estimated that the transaction will increase. If the investment sentiment improves in the future, this measure will increase the possibility of “short-term speculation”, because as long as the transaction price of each short-term speculation transaction is less than 3 million, for example, a 2.6 million industrial building is sold to speculators for 2.8 million, and then the Give the next family 3 million, and the stamp duty is only $100 each time, which greatly reduces the transaction costs of speculators.
Ye Jingqiang (King Sir)
This column is published every other Tuesday
