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Relaxing residential mortgage loan conditions, resolving the issue of 'subdivided units', the Hong Kong property market welcomes multiple major bullish factors.
①"Relaxing mortgage restrictions has indirectly reduced initial expenses, lowered the entry threshold, and removed mortgage restrictions based on property prices or usage. It is believed that this measure will attract market demand and foreign capital back to the Hong Kong property market." ②" It is expected that the number of first-hand property transactions in October may reach 3,000 units, potentially hitting a new high in nearly 7 months, and property prices are also expected to stop falling and rebound in the fourth quarter."
Kinetik Holdings Analyst Ratings
The wave of adjustments in existing home loan interest rates has expanded to rural banks and private banks, and the downward trend of LPR will further drive down mortgage rates.
On October 14th, hundreds of rural banks across the country issued announcements on the adjustment of existing individual housing loan interest rates, with some private banks and foreign banks following suit in the past two days. As a result, the participation in the adjustment of existing mortgage rates has basically expanded to all domestic commercial banks; Different banks have different requirements for overdue loans and non-performing loans; Several experts believe that there is still room for reduction in the LPR, which will further drive down future mortgage rates.
332 units were sold out in 3 and a half hours. After optimizing the real estate policies, Shenzhen has seen a "sunlight disk".
According to the information disclosed by the Shenzhen Real Estate Association on the evening of October 13, this year there are only 7 projects in Shenzhen with a registration-to-closing ratio exceeding 1:1, but on the opening day, there was only the Hyde Park project which was a 'sunshine home' previously; Longhua Shenye Shangcheng Xuefu is the second 'sunshine plate' in Shenzhen this year. Not only in new homes, but also in the Shenzhen second-hand housing market, there are also relatively obvious signs of warming up.
Dongfeng Honda has fallen by more than 50% for three consecutive months. Japanese brands hope to leverage the recovery of rbob gasoline vehicles to counter the rebound in the fourth quarter.
1. china Association of Automobile Manufacturers released data showing that in September, the domestic sales volume of passenger vehicles was 2.068 million units, an increase of 18.6% month-on-month, a decrease of 1.8% year-on-year; 2. In September, Honda's cumulative sales of terminal automobiles in China were 62,586 units, up 9.88% month-on-month, and down 42.93% year-on-year.
Ministry of Finance releases major measures to stabilize the real estate market: Special bonds can be used to purchase existing properties, optimizing related tax policies.
1. Following the People's Bank of China and other three financial ministries, the Ministry of Finance has also released a major policy favorable to the stability of the real estate market; 2. Specifically, the Ministry of Finance has outlined the future direction of real estate financial policies from three aspects, namely allowing special bonds to be used for land reserves, allowing special bonds to purchase existing houses, and optimizing and improving relevant tax policies.
