Chen Delin: do not relax the mortgage does not exclude plus spicy property market is still rising cycle no signs of turning point

Following the view of the Financial Secretary, Mr Chan Mo-wave, that property prices are currently at a high level and are not intended to make any adjustment to the policy according to the floor, the Chief Executive of the Authority, Mr Chan Chung-tat, said yesterday that the property market is still on the rise and that it does not consider relaxing the mortgage rates. As to whether the HKMA will launch a new round of building measures, we should observe the market trend and make adjustments in response to the cyclical changes.

At present, $ 4 million or below can be applied for up to 90% of the mortgage through the mortgage insurance scheme (capped at $ 3.6 million) [Table]. Chief Executive Mrs Carrie Lam mentioned earlier that this underline may be raised. However, Chen Maobo then said that at present, Hong Kong At a very high level, property prices are believed to increase with interest rates. At present, it is not a good idea to reduce the number of mortgage loans and help people with weaker economic conditions to get on the bus.

When attending the Panel on Financial Affairs of the Legislative Council yesterday, Mr Tung said categorically when he adjusted his mortgage rates. “At present, the property market is not seeing any sign of the downward cycle during the upward cycle, and no consideration has been given to easing measures.”

In response to inquiries, the HKMC also disclosed that it will keep monitoring the development of the market and is currently not interested in adjusting the criteria for eligibility for MIP.

Retired parents to help the car to be careful

As to whether there has been a bubble in the property market in Hong Kong, Mr Chan pointed out that the property market has risen as property prices have risen but the trading volume has fluctuated. Volumes fell in July and August and the first and second hand markets picked up again in September. Therefore, Month’s situation. When asked whether the HKMA will launch the ninth round of mortgage repayments, he reiterated that he should observe the evolution of the property market cycle in the future and make appropriate regulatory measures in accordance with the cycle.

When a Member asked a question, the government spicy hot trick, property prices rising. Mr Chan responded that in 1997, 70% of mortgages were made and eventually “burst into pots”, affecting a long time. “It is hard to say that the property market will not cool down.” He said frankly that at present the public’s income and purchasing power are severely out of touch with property prices. People with high property prices may still be able to buy flats. There are complicated factors that may be due to their own savings. In addition, 60% of private housing mortgages have already been repaid or some have sold real estate or increased investment to help them get on the bus. Property prices have support.

For some parents to assist their children’s property purchase, he thinks it is reasonable that the problem will not be great if the parents save for the first phase of their children’s provision. If their parents are retired, they will be assisted only by the full units to assist their children. Repayment ability, “If interest rates rise, changes in the economic environment will pose a problem for the overall household’s turnover.”

Scholars call for reducing the first phase of first home buyers

Michael McCarthy, an associate professor of finance and decision-making at Baptist University, believes that many unaffiliated residents are not incapable of making any contributions but because property prices are too expensive and the number of mortgage loans is low but not enough for the first phase. The authorities can ease the mortgage liberalization If only relaxation to the first home buyers will help people who need to buy flats, they will not deepen the risk.

In addition, the mortgage-backed securities company plans to launch a life-long annuity plan next year with a total size of 10 billion yuan and will raise the subscription cap of $ 1 million each. According to Mr Chan, under the premise of not violating risk management, he will consider actively. If the decision is overweight, Will affect the original set rate of return.