US Fed Rate Cuts Boosts Consumer Confidence in Resale Condos
US Fed Rate Cuts Boosts Consumer Confidence in Resale Condos
"Since the Fed rate cut announcement, we note that the 3-month Compounded SORA which banks used to price home loan packages have moderated. In mid-September, the 3M SORA was at 3.54% p.a. compared with 3.25% p.a. as at 25 November," Gafoor said.The holiday season however will cool down resale volume.
然而，假期季節將使二手房成交量降溫。
The US Federal Reserve's first rate cut in four years in September was likely the cause of the uptick in condo resale volume in October, property analysts said.
物業分析師表示，美國聯邦儲備局在九月份四年來的第一次減息，可能是十月公寓二手房成交量上升的原因。
Ismail Gafoor, CEO of PropNex said that with the US Fed signalling further cuts ahead, he foresees more buyers entering the resale market to buy a new home.
propnex的首席執行官伊斯梅爾·加福爾表示，隨着美國聯邦儲備局暗示未來還會減息，他預見會有更多買家進入二手房市場買入新家。
"Since the Fed rate cut announcement, we note that the 3-month Compounded SORA which banks used to price home loan packages have moderated. In mid-September, the 3M SORA was at 3.54% p.a. compared with 3.25% p.a. as at 25 November," Gafoor said.
"自從聯邦儲備局宣佈減息以來，我們注意到銀行用於定價房貸方案的3個月複合SORA有所回落。在九月中旬，300萬SORA爲每年3.54%，而11月25日爲每年3.25%，" 加福爾說。
Christine Sun, Chief Researcher & Strategist at OrangeTee said aside from rate cuts boosting consumer confidence, the increase in volume could be attributed to more buyers returning to the market after the Hungry Ghost month.
克莉絲汀·孫，橙地的首席研究員兼策略師表示，除了減息提升消費信心外，成交量的增加也可以歸因於更多買家在鬼月結束後重新回到市場。
Mark Yip, CEO of Huttons Asia said that due to the higher budget from the rate cut, some HDB owners chose to buy a resale condo over a million-dollar resale flat in October. This pushed up the prices of resale condos in the OCR by 1% during the month. Similarly, some buyers chose to trade up to a resale condo in the CCR in Oct 2024, leading to gains of 0.5% in prices.
亨頓亞太的首席執行官馬克·葉表示，由於減息後的預算增加，一些HDB業主在十月份選擇購買二手公寓而不是超過百萬的二手公寓。這在當月推動了二手公寓在其他核心區域的價格上漲了1%。同樣，一些買家選擇在2024年10月升級到CCR的二手公寓，價格上漲了0.5%。
Resale volume is expected to soften as the year-end holiday season approaches as historically, both buyers and sellers tend to scale back during this period, acting as a natural cooling measure.
隨着年底假期的臨近，預計二手房成交量將進一步下降，因爲歷史上，買家和賣家在此期間往往會減少活動，這在自然上會起到降溫作用。
