Second-hand interest rate hike
The Bank of Hong Kong has implemented interest rate hikes. Although the actual increase in the provision for building mortgages is not large, it will still have a certain impact on the quiet second-hand property market. The bargaining space for small owners will be further expanded. For example, the price increase of the two-bedroom flats in Yuen Long will be reduced by 10%. Get rid of it.
The owner even pays extra stamp duty to make a profit. Yuen Long Shang Yue 13 high-rise K room, with a practical area of 434 square feet, Zhongwei Real Estate sub-district business manager Jian Weixiong said that the original owner purchased the unit for 4.6 million yuan in December 2016, and released it at the beginning of this month with 6.5 million yuan. 680,000 yuan, after the interest rate hike, with a price of 5.82 million yuan, the price of 13,410 yuan. However, the cost is lower than that of the middle-level K room. The transaction price in May was 5.95 million yuan, which was slightly flat 2%. Since the holding of the goods was not enough for 3 years, the transaction involved an additional stamp tax of 582,000 yuan, and the book value after tax deduction was 638,000 yuan.
The impact of second-tier housing estates is obvious.
In addition, the impact of bank interest rate hikes on second-tier housing estates is relatively obvious, and the bargaining space is relatively large. For example, the low-rise G room in the Meimei Bay of Tuen Mun has a usable area of 398 square feet, which belongs to the two-room interval. The owner originally called the price of 5 million. The yuan was released, and the bank reduced it to 4.9 million yuan before the interest rate hike. After the interest rate hike, it was further reduced to 4.65 million yuan. The cumulative decrease was about 7%.
Secondly, the B-room of the middle floor of Block 6 in Fanling, Fanling, has a usable area of 399 square feet. The two rooms are separated by an average price of 5.5 million yuan. The victim will see a rate hike in Hong Kong. I believe that it will have a certain impact on the property price. About 5.3 million yuan changed hands, and the reduction was 200,000 yuan, a decrease of about 3.6%.
The Central Plains Valuation Index plunged nearly 10 points
On the other hand, the three-bedroom home of Tai Wai Jin Fai Garden, which was previously sold at a price of more than 10 million yuan, was reported to have cancelled the transaction last month. The unit is a low-rise G room with a saleable area of 502 square feet. In July, the top price was 1,020. Ten thousand yuan, a new high in a single building in the zone. The agent said that the unit is now re-released at 10.65 million yuan. If the deposit is 3% of the property price, the buyer will lose about 300,000 yuan to leave the market.
As for the CVI, which reflects the central mortgage valuation index (main bank) of the bank mortgage, the latest report was 57.81 points, which fell nearly 10 points in a single week, hitting a new low in September 2017. I believe that the Sino-US trade war will hit the bank mortgage and the index will be announced, which will reflect the impact of the interest rate hike.