(Hong Kong Bloomberg) The sales of new housing and second -hand residential houses in Hong Kong have been pushed back under policy promotion. However, due to weak economic prospects and high interest rates, the growth momentum may be difficult to sustain.
Bloomberg News reported on Monday (October 28) that data from the United Property showed that the Hong Kong Chief Executive Li Jiachao published the third policy of the third policy report within any time on October 15th , the transaction volume of the new building increased by 20%over the same period.
Central Plains Real Estate data also shows that the transaction price of second -hand housing in Hong Kong rose 0.5%in the weekly release.
However, Hong Kong real estate agents are skeptical of the continuity of residential sales growth.Although it has improved in the short term, the cost of high loan and the downturn's economic emotions allow more people to wait and see for buying houses.
Deng Shuxian, director of the Hong Kong Research Department of Dede Liang, believes that the housing market is largely affected by the factors of interest rates and economic cycles. In addition, the bank's cautious attitude of lending is limited in the short term.
Hong Kong's house prices are hovering at the low point in the past eight years. In the policy report, Li Jiachao announced the relaxation of the mortgage loan conditions of residential properties, allowing buyers to pay lower down payment.Essence
In the luxury home market, the Hong Kong government has announced that it is not less than 50 million yuan (Hong Kong dollars, the same below, the same, S $ 8.52 million) residential transactions can be included in the new capital investor entry plan. The rich can invest at least 30 million yuan to get itResidence right.
Earlier, in conjunction with the Federal Reserve ’s interest rate reduction in September, the Hong Kong HKMA announced that the basic interest rate was 0.5 percentage points.After the interest rate cut, the one -month inter -bank borrowing rate in Hong Kong remained at a high level of about 4.2%, and almost all new mortgages were linked to floating interest rates.
Zeng Huanping, chairman of Hong Kong, believes that the efforts of Hong Kong government measures are not enough to reverse the trend of decline in house prices. The future trend of house prices depends to a large extent on the effect of economic stimulus measures in mainland China.
Hong Kong is being controlled by consumption, slowing down the mainland's economy, and geopolitical concerns.UBS economist pointed out in a report after the Government Report was published that Hong Kong faced a challenging growth environment in the short term.
