The public face of property prices and interest rates two risks the property market if the “super heat” gold or re-move

The property market has continued to flourish, and the Hong Kong Monetary Authority (HKMA), Mr Chan Tak-lin, yesterday stressed that property prices were 16 times higher in the first quarter of this year, reflecting property prices and the public Purchasing power is further out of touch, the property market overheating risk is increasing, the public is facing the rise in property prices and interest rates rise in the two major risks. But also refers to the developers to provide high-yield mortgages, buyers easy to obtain a mortgage, like a press. He also said that the HKMA would move out if necessary.

Interest rates rise for the building to bear the effort

Mr CHAN said the contribution to the household income ratio in the first quarter of this year was about 72 per cent, although there was still a distance of 107 per cent from the peak of the property market in 1997. However, the ratio of property to household income was as high as ten Six times more than four times as much as the peak of the property market in 1997. Directly, property prices have been out of line with the basic purchasing power of the public and there is a risk of bubbles. “It reminds us of the situation in which the people are waiting for a long time to buy a lot of money in the past two years ago, when property prices went beyond the purchasing power of the public. According to the HKMA, the people who are lining up to buy the floor are not strong enough to buy property. They only assume that property prices have not risen. Therefore, they can enter the market as early as possible.

However, today’s situation is different from that in 1997. He pointed out that the interest rate of the public was 10% to 12%, and after the bubble burst, the interest rate continued to decline and relieved the burden on the public. The interest rate is low, and once the interest rate rises, the burden on the public will increase. He has repeatedly stressed that the public is facing the risk of falling property prices and rising interest rates. As the mortgage is highly leveraged, the public should do a good job in risk management. Chen De-lin said: “If the loan is made into a half Is to ask aunt aunt, the problem is like big.

Property prices affect the multi – factors

He pointed out that the property market and property prices were affected by a wide range of factors such as land supply and confidence in the outlook of the property market. The HKMA has recently launched the eighth round of reverse tightening mortgage measures, indicating that the property market’s rising cycle is continuing , The property market overheating risk is increasing, the HKMA will pay close attention to the development of the property market, if necessary, the Council will take counter-cyclical measures.

To provide high-yield mortgage loans to developers, he pointed out that some buyers only need to register identity cards, developers can obtain mortgage loans, as if by sub-press.

He also pointed out that in the United Nations system, when the United States continued to raise interest rates, widening the spread of Hong Kong and Hong Kong, it will stimulate the incentive activities to promote the Hong Kong dollar into the dollar, Hong Kong dollar interest rate will be lifted, the bank capital costs, Raising interest rates is inevitable. HSBC yesterday, the P (the best interest rate) mortgage rate, plus ten points, to P by 2.75%.