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Home Prices Set to Rise in Hong Kong, Singapore, Australia in 2025
The transaction of second-hand houses in Hong Kong is slowing down, and the CSI has once again fallen below the 50-point threshold.
Yang Mingyi, Senior Joint Director of the research department of CRIC, pointed out that the CRIC Broker Index CSI (residential sale price) latest report is 49.36 points, a decrease of 1.79 points from last week's 51.15 points.
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ChinatoCapital Hong Kong Stock Short Selling Statistics | November 13th
Short selling statistics of Hong Kong stocks | November 13th
UBS Group: The recent larger-than-expected reduction in the most favorable interest rates of Hong Kong banks should support the recent real estate market transactions.
UBS Group released a report stating that Hong Kong banks have once again lowered the prime rate by 25 basis points, from 5.625% to 5.375%, a larger reduction than the expected 12.5 basis points, which is a positive surprise for the Hong Kong property market. The latest mortgage interest rate for new properties will decrease from 3.88% to 3.63%, achieving a neutral interest margin compared to the latest rental yield of 3.6%. The bank expects the residential market to enter a positive interest margin early next year. However, after the United States presidential election, the market reduced its expectations of rate cuts by the Federal Reserve. UBS Group anticipates that the larger than expected reduction in the prime rate should support recent property market transactions. Therefore,
Hong Kong property stocks generally fell, shk ppt (00016) fell by 2.8%. Morgan Stanley predicts that second-hand property prices will continue to be under pressure in the next six months.
Kin Wu Financial News | Hong Kong property stocks generally fell, with SHK PPT (00016) dropping 2.8%, Wharf REIC (01997) dropping 2.65%, New World Dev (00017) dropping 2.26%, Hang Lung PPT (00101) dropping 2.21%, CK Asset (01113) dropping 1.51%, Henderson Land (00012) dropping 0.96%. In terms of news, JPMorgan published a report indicating that after the USA rate cut, Hong Kong banks lowered the Hong Kong dollar prime rate by another 25 basis points on November 8th (last Friday). This rate cut came earlier than market expectations, but not entirely unexpected.