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Home Prices Set to Rise in Hong Kong, Singapore, Australia in 2025
The transaction of second-hand houses in Hong Kong is slowing down, and the CSI has once again fallen below the 50-point threshold.
Yang Mingyi, Senior Joint Director of the research department of CRIC, pointed out that the CRIC Broker Index CSI (residential sale price) latest report is 49.36 points, a decrease of 1.79 points from last week's 51.15 points.
Express News | UBS Group: The larger-than-expected reduction in the most favorable interest rates of Hong Kong banks should support recent real estate transactions.
Hong Kong property stocks generally fell, SHK PPT (00016) fell by 2.8%. Morgan Stanley points out that second-hand property prices will still be under pressure in the next six months.
Golden Finance News | Hong Kong property stocks fell across the board, with SHK PPT (00016) down 2.8%, Wharf REIC (01997) down 2.65%, New World Dev (00017) down 2.26%, Hang Lung PPT (00101) down 2.21%, CK Asset (01113) down 1.51%, Henderson Land (00012) down 0.96%. On the news front, JPMorgan released a report stating that following the interest rate cut in the USA, Hong Kong banks once again lowered the Hong Kong dollar prime rate by 25 basis points on November 8th (last Friday). This rate cut earlier than market expectations, but not entirely unexpected.
Express News | Standard & Poor's has raised its forecast for the residential sales volume in Hong Kong in 2025, expecting housing prices to stabilize.
UBS Group: The degree of interest rate reduction is greater than expected, which should support the recent property market transactions. Henderson Land Development (00012.HK), Kerry Properties (00683.HK), and Sun Hung Kai Properties (00016.HK) will benefi
UBS Group released a report stating that local banks in Hong Kong have once again lowered the prime rate by 25 basis points, from 5.625% to 5.375%, a larger decrease than the expected 12.5 basis points, which is seen as a positive surprise for the Hong Kong property market. The latest mortgage interest rate for new properties will decrease from 3.88% to 3.63%, achieving a neutral interest spread when compared to the latest rental yield of 3.6%. The bank expects the residential property market to enter a positive interest rate differential early next year. However, after the U.S. presidential election, the market lowered its expectations for rate cuts by the Federal Reserve. UBS Group anticipates that the larger-than-expected decrease in the prime rate should support recent property market trading activities.
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