The Zhitong Finance App learned that on February 28, Ye Wenqi, vice president of the Hong Kong Solidarity Hong Kong Foundation, said that the Hong Kong Special Administrative Region Government announced “anti-corruption” in the “Budget”, believing that this will help stimulate the rise in Hong Kong property trading and increase the liquidity of the property market, which will have a positive impact on the long-term healthy development of the property market. However, Ye Wenqi also pointed out that “hot tricks” are a series of measures implemented by the Hong Kong SAR government to curb the overheating of the property market and prevent bubbles. The purpose is to increase buyers' costs and risks, thereby reducing speculative demand. Therefore, “hot tricks” can only adjust the mood and expectations of the property market to a certain extent, but they cannot completely control the rise and fall of the property market. After the complete withdrawal of spurts, the trend in the property market will also depend on factors such as interest rate trends, economic environment, supply volume, and peripheral environment.

In terms of land supply, the budget indicates that the potential land supply for 2024/25 can be used to build about 15,000 private residential units, which is about 14% higher than the estimated annual demand for 13,200 units in the “Long Term Housing Strategy”. However, Ye Wenqi pointed out that there is a gap between the actual land supply successfully approved in the past and the potential land supply. Apart from the fact that the HKSAR government may not sell all land on the surface during the year, land may also show signs in response to market conditions. In particular, in the face of the declining market atmosphere in recent months, there were several land flow marks last year, so it is expected that the HKSAR Government can adjust the land promotion strategy in due course to reduce the flow rate. Yip Man-ki added that since the HKSAR government does not blindly grant land “without reserve price” to catch up with supply, the final land supply figure still depends on market conditions.

Furthermore, Yip Man-ki is pleased to see the HKSAR Government's proposal to adjust infrastructure project implementation arrangements according to project priorities. It is hoped that the HKSAR Government can concentrate resources for efficient land investment and make appropriate development plans for the northern metropolitan area according to its capabilities. Specifically, Yip suggested that the construction of Kwu Tung Station and Hung Shui Kiu Station in the Kwu Tung North/Fanling North and Hung Shui Kiu New Development Areas should be completed first; as for the development of the Xintian Science and Technology City, the HKSAR Government should first complete the development of the Hetao District, Lok Ma Chau Control Point, and Xintian City center, so that the scale of the Xintian Science and Technology City can gradually take shape before considering the remaining stages of development.