2023-10-10 01:33:08
The government released a new “Policy Address” at the end of the month. Shi Yongqing, founder of Centaline Real Estate, wrote in his media that the property market may have reached an inflection point and the government should launch counter-cyclical policies as soon as possible. Shi Yongqing pointed out that there are eight factors that reflect that the property market has entered an inflection point: property prices have fallen by more than 15% in 2022; the number of listings in the secondary market has increased, but the transaction volume has decreased, and small owners who want to cash out have to sell at reduced prices; when banks provide mortgages, they The valuation of mortgaged buildings has been lowered repeatedly, indicating that banks are becoming more conservative in their assessment of the market outlook; the sales of new projects in the primary market are poor; developers are slow to withdraw funds and are afraid to invest in land hastily; the U.S. Federal Reserve expects the high interest rate environment to continue; Hong Kong’s population Loss; deglobalization constrains Hong Kong’s super-broker role. Shi Yongqing believes that in the face of many unfavorable factors, the government needs to immediately withdraw the stimulus and introduce other support measures to stabilize the property market. (cy/da)~ Aaastocks financial news website: www.aastocks.com
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