Meridians: Low-interest-rate environment continued in the first half
The United States raised the interest rate by 0.25 percent. Banks in Hong Kong maintained the best lending rate (P). Both the Meridian and Central Plains mortgages believe that Hong Kong will follow the rate hike as soon as the second half of the year, and the actual interest rate will be stable at 2% to 2.5% during the year. In the first half of the year, the floor price was reduced by H plus 1.25 per cent.
Liu Yuanyuan, Chief Vice President of Meridian Mortgage Referral, said that the balance of the banking system in Hong Kong is now close to 180 billion yuan, the cost of capital is low, and the banks have not yet raised the interest rate pressure. They have little impact on the property market. The actual interest rate for this year is from 2% to 2.5%. It is expected that Hong Kong’s interest rate spread will increase to more than 2%. Hong Kong has the opportunity to raise interest rates.
Zhongyuan Mortgage: In the second half or follow the interest rate hike
In the first half of the year, the low interest rate environment continued. Liu said that the bank’s rush to accept positions was still positive. In the first half of the year, there was only 10 to 20 points of room for interest rate cuts. It is believed that they will increase their cash rebates and other one-off discounts. The number of new mortgage applications that can be obtained this year is expected to reach 87,000, involving an amount of RMB340 billion, and one procedure will dominate the market.
Wang Meifeng, managing director of Zhongyuan Mortgage, believes that the United States will raise interest rates again two times during the year, and Hong Kong will have the opportunity to follow the rate hike in the second half of the year, with a margin of no more than 5%. It is recommended to pay attention to the system balance, Hong Kong exchange rate, and interest rate changes.
If the Hong Kong dollar exchange rate hits the weak side and guarantees will affect the short-term capital flow, and the system balance is less than 100 billion yuan, and the 1-month discounted interest rate will increase to more than 1.5 percent, Hong Kong Bank will be allowed to start raising interest rates.
The bank grabbed fierce competition. It was learned that Standard Chartered had earlier introduced the first year of 1.68, which was originally determined to limit the number of new home mortgage loans. The current expansion to re-issued property is also applicable. The Central Plains Mortgage Banking Co., Ltd. launched a low-to-full H-plus-1.25% plan.