Since the government policy address declared to scrap partial spicy measures against the property market, the new Hong Kongers directly benefited from saving the special stamp duty against their new purchasing premises. By giving into new purchasing power, it will have a direct effect on the weakening property market. In fact, the population of new Hong Kongers is up to 300,000, and it will play a key role to stabilize property market.
Ah Wei is new of Hong Konger, who obtained a bachelor's degree in finance in Hong Kong 
seven years ago and successfully got a post in a U.S. bank in the same year.With the assistance of his family, he acquired a new two-bedroom apartment in Tai Wai by full payment of Hong Kong dollar twelve million one month ago.
In the past two years, property prices had been decreasing, but Ah Wei did not worry, he purchased this premises was for self-use, and the rise and fall of property prices will not affect the life of his whole family. Ah Wei believes that Hong Kong economy will still be impacted by certain fluctuation in the short term, so it is necessary to be cautious in investment.
Ah Wei has no need to pay the installment, and his family income is still abundant, so his life remains stable. For him, the declining property price provides him with the opportunity to re-enter the market at a lower price in the future. For Ah Wei, the larger three bedrooms of eight hundred square feet more is his goal for upgrading his living space.
Since the implementation of the exemption the special stamp duty, the new Hong kongers have begun to speed up the pace of entering the market. According to the statistics, 30% of home hunters are new Hong Kongers. It is estimated that they will begin to enter the market after January next year. Recently, a mainland customer who had paid the special stamp duty of more than two million to buy a residential unit for self-use. In fact, the current lower property priceis quite attractive to many mainlanders or New Hong Kongers.
If the property price is within the affordable range of their family income, and they must own homes for self-use, they will quickly enter the market. With this new demanding to rush into the market, the property will rebound after January of next year.
