The property market turned light, and the negative assets were recorded during the year.

Hong Kong started the interest rate hike cycle in September. The HKMA announced that the third quarter of negative assets remained at zero level for the seventh consecutive quarter. However, the industry expects the property market to show signs of turning, and at the end of the year, banks have a good chance to raise interest rates again, which will increase the burden on landlords. There will be negative assets reappearing.

The property market has increased by about 28% in the third quarter of last year. According to a survey released yesterday by the HKMA, no negative equity residential mortgage loans were recorded in the third quarter of this year, maintaining zero growth for the seventh consecutive quarter.

However, the impact of a number of unstable factors, such as trade wars, stock market volatility and interest rate hikes, has dragged down the market’s wait-and-see atmosphere. In recent months, the property market has shown signs of turning, bank mortgage lending has become more cautious, and residential property valuations have been adjusted back from high levels. I believe that Many owners have fallen into the ranks of negative assets.

The industry estimates that interest rates will increase again at the end of the year.

Wang Meifeng, managing director of Zhongyuan Mortgage, said that the property market has turned weak and property prices have rebounded. The average price of property has fallen by about 2% this month. It is expected that property prices will fall by about 5% this quarter, and there will be chances of sporadic negative assets. Among them, it is believed that the bank staff who use the high mortgage rate and the owners who have just borrowed 90% from the insurance and the multiple mortgages will be the mainstay.

Liu Yuanyuan, the chief vice president of the Meridian Mortgage Referral, said that the bank has started a rate hike cycle at the end of September. I believe that if the United States raises interest rates again before the end of the year, Hong Kong will have a big chance to increase the number of flights, which is expected to increase between about 0.25% and 0.5%. The atmosphere of the property market makes the negative assets reappear.

However, in recent years, according to the measures managed by the building, the current average mortgage number is 44.4%, which is a low level. It is believed that negative assets will not appear widely in the short term. However, due to the opportunity of the US interest rate hike next year and the impact of a number of external factors, it is not excluded that the property market adjustment period will be maintained for half a year or more. The owners should make a budget assessment before the meeting.