20/11/2018-9

Chen Maobo: If it is determined that the property market will be down or wide mortgage, if the price of the building is large and small, 2,500 people will benefit.

The property market has signs of turningaround. The Financial Secretary Chen Maobo said that the property market is an orderly adjustment. If the property market is determined to enter the down cycle, the mortgage will be considered to relax the mortgage. If the government relaxes the mortgage of the fine-priced building, it is expected that more than 2,500 second-hand listings will benefit from the market.

Chen Maobo responded to media questions after visiting Beijing yesterday. The property market has recently quieted down from the end of August. After some adjustments, he described the past few months as he felt that the adjustment was “orderly” and is still under observation. .

As for whether it will relax the number of mortgages, Chen Maobo said that the Monetary Authority is paying close attention to the fact that if the property market is determined to enter a downward trend, it will consider making appropriate adjustments in terms of the number of mortgages after the turnaround, and it is still necessary to observe it for the time being. He also reiterated that from the end of September 2015 to March 2016, the property market has adjusted about 11% in the past six months, so I am paying close attention now.

Chen Fan: No error message, stimulate property prices

On the other hand, the Secretary for Transport and Housing, Mr Stephen Chan, also pointed out in the Legislative Council’s question to Members that although property prices and transaction volume have declined in recent months, housing supply and demand are still in an unbalanced situation. The price level and economic tone and the affordability of the public. Out of touch. In the third quarter of this year, the burden of home ownership is as high as 74%, which is much higher than the long-term average of 44% in the past 20 years. Therefore, the Government has no intention at this stage to relax or cancel any demand management measures to avoid sending false information to the market. Warm up again.

Secondly, property prices have more than doubled since 2008 and have only accumulated a decline of about 1.5% in the past two months. Chen Fan pointed out that the HKMA believes that the property market has not yet confirmed that the property market has entered the down cycle. At this stage, it is not appropriate to relax the countercyclical regulatory measures.

In fact, in the last month’s Chief Executive, Mrs Lam, and the Director of the HKMA, Mr Chan Tak-lin, said that there is no room for “reduce the hot” or that it is too early to relax the counter-cyclical measures. It also said that it should observe the trend of property prices, the volume of trading, Four key indicators of economic tone and market sentiment.

The industry expects that the property price will drop by 20% to reduce the spicy

However, the industry has different opinions on the reduction of the hotline. Mr. Mai Cui-cai, associate professor of the Department of Finance and Decision-making of the University of Hong Kong, said that during the adjustment period in 2015 and 2016, the property price fell by more than 10%. No government has intended to reduce the price. The property price is estimated to have fallen at least from the high level. 20%, there are conditions to reduce the spicy.

As for the director of the Central Plains Mortgage, Wang Meifeng pointed out that the original intention of the measures was to alleviate the overheating of the property market and the increase in credit risk. Now that the property market has entered an adjustment, it is possible to consider the appropriate reduction of the mortgage market in the self-occupied market. The property price of the self-occupied property is less than 10 million yuan. Can be borrowed from 60% to 70%.

In addition, both Chen Maobo and Lin Zhengyue have mentioned that the study has helped the public to get on the train through mortgage insurance. Therefore, there are some estimates and measures to relax the mortgage rate. There is also an opportunity to start with a low-priced building.