Sino-US truce The property market has not benefited immediately?
The Sino-US trade war has temporarily eased, but the immediate positive impact on the property market is relatively minor. However, the trend of the market outlook still depends on a number of factors, including the trend of interest rates and the new pricing of developers.
Affected by negative news, the property market has recently fallen sharply. According to the Rating and Valuation Department of the Government, property prices have fallen for three consecutive months. The latest monthly data has fallen by 2.4% month-on-month, the largest decline in nearly three years, with a cumulative decline of 3.7. %; The Central Plains City Leading Index, which reflects second-hand property prices, has accumulated a 6% decline in the property market since August.
Uncertainty still exists
It coincides with the temporary ceasefire between the Sino-US trade war. Some people think that it will benefit the property market. However, the trade war is only a temporary truce for 90 days. The uncertainties still exist in the market. The negative atmosphere is expected to ease in the short term, but the medium and long-term still depends on the two countries. How to deal with the contradictions among them, the trade war may still be rekindled.
In addition, the property market is still affected by a number of factors, including the US interest rate hike and the interest rate of banks in Hong Kong. The market generally expects banks in Hong Kong to increase interest rates by 0.125 to 0.25%. If this is true, it will further affect the buyer’s market intention. want.
Secondly, the pricing of the new disc and the overall sales response coincided with the launch of a large-scale new market in Kwun Tong, Kai Tong, this month. The pricing and sales response can also be one of the indicators of the trend of the market. If the developer pushes the market price, and the market reaction is ideal, or the flow of passengers to the second-hand market, it may bring back the market rebound. However, if the market push is still normal, it means the market may continue. Adjustment.