13-09-2017

Regarding the proposed local first-time homebuyers scheme by the Hong Kong Government, some industry participants suggest that developers can make good use of the agricultural lands they own through a land premium concession. It is hoped that the housing prices can become cheaper if the developers can successfully get the premium concessions. Also, it makes it possible to shorten the time for searching lands by government, hoping to make both developers and the government a win-win situation. Among all, one of the proposals is to develop a public-private cooperation, with some units tailor made for local first-time homebuyer scheme only and the remained units reserved for private development. In light of the Government’s strong determination to carry out the plan, the market expectation for speeding up the agricultural land conversion increases. This, in turn, is set to be a good news to the local property developers, particularly those who have rich agricultural land banks. In light of this, we believe the Hong Kong property stocks will remain to be a market focus in the near term.

General Disclosure and Disclaimer:
Frontier Capital Management Limited (“FCM”) is a subsidiary of Frontier Financial Group (“the Group”). It is regulated and licensed by Hong Kong Securities and Futures Commission, also is an Exchange Participant of The Stock Exchange of Hong Kong Limited, and a Direct Clearing Participant of Hong Kong Securities Clearing Company Limited.
The information contained in this website is for informational purposes, and does not intend to recommend, invite, offer, or confirm of any terms. Based on the sources that are believed to be reliable, FCM attempts to provide accurate, complete, and up-to-date information and analysis. However, FCM cannot represent or guarantee its accuracy, completeness, or timeliness of such source and information. Before making any decision on your investment, you should weigh the provided information carefully and bear any responsibility and risk incurred. And you should seek for advice of a professional financial advisor.
The Group, its subsidiaries and connected persons may have held some of the equity securities mentioned in this article, but the Group and FCM will place your financial interests ahead of their own.