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"The stock market's improvement is favorable to the property market", Hong Kong's "land king-level new development" was sold out in one day, the scene of picking properties was rare in recent days.
Sun Hung Kai's new property, Skyhill·Sky, was completely sold out on the first day of opening. Mainland buyers accounted for 40% of the total, with the largest buyer spending 67.5 million Hong Kong dollars to buy 8 units in one go. The development received 29,161 orders within a week, claiming the crown of Hong Kong's property market sales champion this year, and setting the fifth highest sales record for a new property.
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Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
Existing home loan interest rates are about to be lowered by 50 basis points! Industry insiders: It can effectively curb the trend of early repayment, and deposit interest rates will be further reduced under the pressure of interest rate differentials.
1. The central bank announced that it will guide commercial banks to reduce existing mortgage rates to be close to the rates of new mortgages, with an average reduction of about 0.5 percentage points. 2. It is expected that the loan prime rate (LPR) and deposit rates will symmetrically decrease.