• Home
  • Kilas Global
  • Citi Hong Kong Releases Results of Second Quarter 2019 Residential Property Ownership Survey
Jumat, 19 Juli 2019 07:40:00

Citi Hong Kong Releases Results of Second Quarter 2019 Residential Property Ownership Survey

More than 70% of the respondents said it is not a good time to purchase a home now

HONG KONG, RIAUONE.com - 18 July 2019 - Citi Hong Kong announced today the results of its survey on residential property ownership in Hong Kong for Q2 2019.

The survey found that over 70% of the respondents felt that it is a bad or terrible time to purchase a home now. The expectations of the respondents on the trend of home prices are similar to those in the previous quarter.

Many local residents are expecting a rise in home prices in the next 12 months. Respondents' interest in home purchase has not been completely affected, with a quarter of respondents expressing a very or rather strong interest in buying a property now.
 
More than 70% of the respondents said it is not a good time to purchase a home now
71% of the respondents felt that it is a bad or terrible time to purchase a home in Q2 2019. More than 70% of the young respondents aged between 21 and 29 felt that it is not a good time to purchase a home. 2% of the respondents in Q2 2019 felt that it is a good or excellent time to purchase a home, down from 4% in Q1 2019.

The expectations of local citizens on the trend of home prices have reversed in Q1 2019. More respondents are expecting that the home prices in Hong Kong will rise in the next 12 months. The expectations of the respondents on the trend of home prices in Q2 2019 are similar to those in the previous quarter, with 28% of the respondents expecting the home prices to fall in the next 12 months, while 36% of them expecting the home prices to rise in the next 12 months.

Josephine Lee, Head of Retail Bank, Citibank Hong Kong, said, "The results show that many local citizens are expecting that the home prices will continue to rise, they still have certain interests in buying a home. We recommend that potential home buyers should first measure their home affordability, comprehensively assess their financial situation and burden, and choose a suitable mortgage plan."
 
Citibank commissioned The University of Hong Kong Social Sciences Research Centre to conduct the survey, interviewing over 500 Hong Kong respondents by phone in June 2019.

Since 2010, Citibank has conducted a quarterly survey on the housing market to assess the current state of homeownership in Hong Kong, gauge public opinion on the subject of homeownership and public expectations in terms of future housing price trends. (roc/red/*) #for information on collaboration publications, questions and other e-mails riauonemedia@gmail.com
RIAUONE.com

Share
Loading...
Berita Terkait
  • 4 hari lalu

    Citi Hong Kong Releases Results of Fourth Quarter 2019 Residential Property Ownership Survey

    Respondents generally stick to a wait-and-see attitude towards the property market, with a significant decrease in the percentage of respondents expecting home prices to fall

  • 2 minggu lalu

    CITIZEN launches a limited edition model of the Citizen Asia Limited NY009 - in celebration of the 30th Anniversary of the PROMASTER Series

    The new NY0097-87A comes on a metal bracelet, with a red bezel and, for uncommonly for a watch from the PROMASTER series, a white dial.

    KUALA LUMPUR, MALAYSIA - RIAUONE.c

  • 4 bulan lalu

    Jose Carreras Farewell Performance in Hong Kong For the eyes and ears of Citi Credit Cardholders only

    HONG KONG, RIAUONE.com - 26 August 2019 - Citigroup Inc. (NYSE: C). Almost 50 years into professional operatic singing, José Carreras, one of the legendary 'The Three

  • 4 bulan lalu

    Better Starts Now with Eco-Drive World Time Series and Regional Limited Special Edition Eco-Bags

    New Eco-Drive World Time Series - For Ladies and Gentlemen

    SINGAPORE, - 19 August 2019 - Young travellers today are constantly moving from one time zone to another for bu

  • Komentar

    Copyright © 2012 - 2019 riauone.com | Berita Nusantara Terkini. All Rights Reserved.