Bloomberg industry research shows that if Hong Kong housing prices continue to fall, the proportion of negative asset residential mortgage loans may reach the highest level since 2005.
Mortgage loans of negative asset residential housing refers to the balance of the mortgage loan than the mortgage loan.
According to the report released by Bloomberg, a Bloomberg industry research analyst said in a report released on Wednesday (October 11) that the proportion of asset housing mortgage loans in housing loans in 2024 may exceed 5%EssenceThis is based on their expectations for the price of second -hand housing in the next 12 months.
According to data from Zhongyuan Real Estate, the rise in interest rates has caused pressure on the Hong Kong property market, and the price of second -hand housing has fallen by about 18%compared with the peak of 2021.
According to the Bloomberg industry research, banks may face losses and redeemed losses caused by the increase in the number of negative asset mortgage loans.Analysts estimate that loan arrears may lead to the increase in credit costs of China Banking Hong Kong, Hang Seng Bank, and Bank of East Asia in 2024 more than general expectations.
HSBC Holdings's uncomfortable mortgage loan balance in Hong Kong in the first half of the year was HK $ 802 billion (Same as Same, $ 139.8 billion), followed by Bank of China Hong Kong, with a scale of 421 billion Hong Kong dollars.From the perspective of HSBC, including its subsidiary Hang Seng Bank, Hong Kong housing loan accounts for about 36%of its total local loan.
The number of Hong Kong -stop houses has risen, and the number of such properties to be sold in September has risen to the highest since 2009.Even if the discount price is provided, it is difficult for banks in Hong Kong to sell the French house.
