It is rumored in the Hong Kong property market that major banks will cut rebates, which is expected to not affect the desire to enter the market.

Cao Deming, chief vice president of Meridian Mortgage Referral, said that although the property market transactions have picked up after the government withdraws from the stimulus, property prices are still at a low level and are in the consolidation stage. In addition, the current one-month interbank interest rate has hovered above 4% for more than half a year, and the interbank interest rate continues to...

Property market rebounds but prices remain low and consolidate

According to Cao Deming, chief vice president of Meridian Mortgage Referral, although the government has lifted some restrictive measures on the property market, which has led to a rebound in transaction volume, property prices are still in a low consolidation stage. This means that investors still need to be cautious about investing in the property market.

Bank interest rates continue to rise

In addition to the situation in the property market, one-month interbank interest rates have been hovering above 4% for more than half a year, which means that banks' loan costs continue to rise. Investors need to take this into consideration when considering buying a property.

The reduction of rebate meridian material has little impact on the willingness to enter the market

Although there are rumors that large banks have cut back on rebates, this will not have a big impact on investors' willingness to enter the market. Investors should make investment decisions based on the overall situation of the property market and their own financial situation.

Conclusion

In general, although the property market transactions have picked up, property prices are still in the low consolidation stage, and bank interest rates continue to rise. Investors need to be cautious when purchasing properties. It is rumored that the reduction of rebates by major banks will have a limited impact on the willingness to enter the market. Investors should comprehensively consider all factors and make wise investment decisions.