Singers: Sing Tao Daily
Sing Tao Daily News
Hong Kong's property prices have fallen sharply, increasing the number of mortgages of residential assets in the last quarter to more than 12,000, in just 3 months, it has risen by nearly 22 times, and the increase is quite shocking., But more than 100,000 Saus was far from 2003.Although the HKMA emphasizes that the risk of bank mortgage industry is controllable, the industry also believes that the soaring negative assets is only a brief phenomenon. Officials cannot take it lightly. They must closely watch the number of negative assets and not to worsen the situation.
The Financial Management Bureau announced that the number of negative assets was 533 in the third quarter of last year, soaring to 12,164 seasons in the fourth quarter, an increase of nearly 22 times, and the involved amount increased by 21 times to more than 66.2 billion yuan.The amount of unsecured parts was ranging from 59 million yuan to more than 2.5 billion yuan, soaring by nearly 42 times according to the quarter.Negative asset cases involve higher mortgage loans, including house mortgage loans or mortgage insurance plan loans for bank staff.
Do not overcome the clearance effect
The number of negative assets rose sharply. Due to the sharp decline in property prices last year, the cumulative decline in the first three quarters fell 8.5%, but in the fourth quarter, the decline increased accelerated, which was caused by 7.7%.Coupled with the official relaxation of the guarantee threshold in 2019, the upper limit of 90 % mortgage property prices was relaxed from 4 million yuan to 8 million yuan.As employee benefits, help those who are not enough in the first period to get on the bus.However, when the property market plummeted, this was a kind of bad thing, so that the owners who got on the car through the high number of mortgages and went to the meeting last year became the assets.
From the perspective of numbers, the rapid deterioration of negative asset numbers is very amazing, but it is not difficult to find that the situation has not been panicked if the situation of the financial turmoil in 1997 to 2003.First of all, the financial turmoil caused property prices to fall more than 40%in just 14 months. By the first half of 2003, a total of 66%fell 66%, leading to economic recession.By 8.5%in June 2003, many owners broke out under unemployment and negative asset clamps, and the bank recovered the property for auction.However, even if Hong Kong has been tossed for three years, the economy has fallen into a recession last year, but the unemployment rate is only 3.5%, and many industries have difficulty in asking people.The property becomes a negative asset, and the bank will not rashly ask the owner to repay the loan early.
In addition, the wind was hot in 1997. At that time, many owners held multiple properties, and the ratio of mortgage loans was as high as 95%. Once the supply was broken, the silver main disk emerged and triggered the collapse of the property market.The Hong Kong Government later learned lessons. On the one hand, the bank was required to strengthen the pressure test of borrowers. On the other hand, a number of spicy tricks were continuously launched to combat speculation activities. Now speculators are almost extinct and use households to dominate the property market.Even if many high -successful mortgage owners are reduced to negative assets, because the amount of contribution is below 45%, the arrears ratio is only 0.06%, reflecting the good quality of the loan, and temporarily does not constitute a credit risk.
It is advisable to pay close attention to the number of assets in time
More importantly, as the customs clearance with the mainland has gradually improved, the property market atmosphere has improved. The industry believes that the number of people from mainland China to buy buildings has gradually increased. In addition, the Hong Kong government has launched a high -talented plan.Talent internal and external talents, these talents have a high demand for housing. Whether it is buying a building or renting a building, it has a supporting role in the property market.Once the property price is stabilized, I believe the number of negative assets is expected to fall.
However, the official should not be too old. After all, the downward pressure on the property market has not subsided, especially the potential supply of private buildings is as many as 105,000 units, which has a record high since the record.It is too aggressive. In order to promote the cash as soon as possible, the market price may be opened at a low market price, which has further pressured property prices.This will face a dilemma for buyers who have entered the market in the past two years and choose to adopt the construction period (usually only 10%of the property price).If the decline in property prices has not stopped, when you apply for a mortgage to the bank before receiving the notice of the closing, there must be insufficient valuations. You must raise additional funds to complete the transaction, otherwise you must tartEssence
Therefore, the official should pay close attention to changes in the number of assets, do not increase the clearance effect. If the numbers are found to deteriorate, the risk of recruiting in a timely manner should be given to avoid the decline in property prices.Top.
