People in the Hong Kong property market generally believe that after the interest rises, it will impact the Hong Kong property market.Bu Shaoming, Chief Executive Officer (Hong Kong and Macao), the chief executive of the United Property and Housing Department, said that interest rate hikes will affect the stock market and investment atmosphere. In addition, some banks' regular deposits have raised interest rates to more than 3 % (300 basis points), which will attract some funds to flow to highThe stable and stable investment products constitute a certain pressure on the property market.
A number of major banks in Hong Kong followed the US interest rate hike on Thursday (September 22). The market price of Hong Kong, which has been concerned about rising for many years, will fall sharply.Some interviewed scholars reminded the new Special Economic Zone Government that while the governance report announced in October proposes to solve the house problem plan, it is also necessary to prevent the plan from significantly caused property prices, otherwise it will trigger social turbulence.
The US Federal Reserve is as expected to raise interest rate hikes 75 basis points, prompting the Hong Kong financial market to fluctuate on Thursday.The Hong Kong stocks fell to a low level on the same day, lost 18,000 points, down about 480 points, and saw a low of 17965 points.The Hang Seng Index closed at 18147 points, down 296 points, a decrease of 1.6%.
In addition, many major banks in Hong Kong, such as HSBC, Standard Chartered, BOC, Hang Seng, etc., have also announced that following the pace of interest rate hikes in the United States, the best preferential interest rate is 0.125 % (12.5 basis points).interest.
Calculated at the best interest rate of 5.125 % (512.5 basis points) after interest rate hikes, if the loan amount is HK $ 5 million (S $ 900,000), the repayment period will be 30 years, and the monthly supply expenditure will increase by more than 300 Hong Kong dollars.
People in the Hong Kong property market generally believe that after the interest rising, it will have a impact on the Hong Kong property market.Bu Shaoming, Chief Executive Officer (Hong Kong and Macao), the chief executive of the United Property and Housing Department, said that interest rate hikes will affect the stock market and investment atmosphere. In addition, some banks' regular deposits have raised interest rates to more than 3 % (300 basis points), which will attract some funds to flow to highThe stable and stable investment products constitute a certain pressure on the property market.
Bu Shaoming pointed out that under the "double pressure" of interest rate hikes and the epidemic, property prices in Hong Kong have fallen 7.23%so far.If the Hong Kong Government fails to propose effective customs clearance measures, it will make Hong Kong's economy restart, and estimates that property prices will continue to adjust, or test to the level at the end of 2017.
Chen Yongjie, Vice Chairman and President of the Asia -Pacific District of Zhongyuan Real Estate, said that HSBC took the lead in raising interest rates, but the increase is lower than the market expectations.Essence
Industrialist: Hong Kong property price is expected to fall 10%throughout the year
But Chen Yongjie believes that the trend of Hong Kong property prices is affected by many factors. For example, the Hong Kong government's open policy and geopolitics, etc., this time Hong Kong's interest rate hike is less than expected, which is not enough to reverse the downward trend of the property market.He expected property prices in Hong Kong to fall by 10%throughout the year.
However, Chen Maobo, director of the Financial Secretary of the Hong Kong Government, believes that although the rise in interest affects the atmosphere of the property market in Hong Kong, the burden of the property supply has risen, the market turns cautious, and the traffic is reduced."Spicy tricks".
He said: "In addition to the breath, there are actually many factors that are related. For example, how the employment is, what is the income of citizens, and the situation of the supply and demand.'Adjustment of risk. We have taken some measures to take some management needs. There is no need to adjust. "
Dr. Chen Xiaofeng, Secretary -General of the Hong Kong Law Exchange Foundation, believes that in the United Morning Post, he believes that the Hong Kong economy has experienced negative growth for two consecutive seasons. In addition, there have been continuous immigrants in Hong Kong people. This year, the housing market has fallen significantly.This time, the bank's interest rate hike will increase the decline in property prices, and the Hong Kong government cannot take it lightly.
Chen Xiaofeng said that after the new Special Economic Zone Government came to power, he has always emphasized that he will work hard to solve the property market and assist grass -roots home property. The attitude is worthy of recognition.But on the other hand, there are currently more than one million home buyers in Hong Kong.If their properties have depreciated sharply and wealth shrinks greatly, I am afraid that a large number of negative owners will be on the streets to march on the streets in 2003.He believes that the Hong Kong Government should not only propose a plan to solve the problem of land and housing in the governance report announced in October, but also be careful that the plan will not make the property price decline significantly.
