Hong Kong Property Prices Rise Despite New Tax

The video discusses the effects of market curbs introduced in Hong Kong to cool the property market. These curbs have inadvertently shifted demand to new homes, as buyers anticipate further price increases. The video also highlights a recent property bubble and the dynamics in the secondary market, where existing homeowners are hesitant to sell due to stamp duties and competition from developers offering incentives.

What was the primary goal of the curbs introduced in November in Hong Kong's property market?

• To encourage more foreign investments

• To cool down the overheated market

• To reduce the number of new developments

• To increase property prices

What effect did the curbs have on the demand for new homes?

• Demand remained unchanged

• Demand shifted towards new homes

• Demand decreased significantly

• Demand shifted towards older homes

What does the term 'front-loading' refer to in the context of the property market?

• Delaying property purchases

• Buying properties in anticipation of future price increases

• Selling properties at a loss

• Investing in commercial real estate

Why are existing homeowners hesitant to sell their properties?

• They are waiting for new government policies

• They are planning to move abroad

• They want to avoid stamp duties

• They are waiting for prices to drop

What advantage do developers have over individual homeowners in the current market?

• They can sell properties at a lower price

• They have more properties to sell

• They have better marketing strategies

• They can offer tax rebates and financing