香港的房地产二手市场发达的原因,首先是因其住房供应绝大多数是市场化的,老百姓的住房需要从市场购买。在这种情况下,作为广大的工薪阶层来说,第一次自置物业时一般不可能一次到位,只能买一处较小的房屋,以后积蓄增加了,再以旧换新。与此同时,由于更换频繁,一批以房屋买卖为业的“炒家”便应运而生,把二手楼买卖作为投资工具。在现实中,“炒家”和 The reason why the secondary market for real estate in Hong Kong is developed is due firstly to the fact that the vast majority of housing supply is market-oriented, and people’s housing needs to be purchased from the market. Under such circumstances, as a majority of working-class people, it is generally impossible for the first-time home-buyer to buy a small home once it has bought property. After that, the savings have increased and the trade-in has taken place. At the same time, due to the frequent replacement, a group of “speculators” who took the business of buying and selling houses came into being, using the sale and purchase of second-hand flats as an investment vehicle. In reality, “speculators” and