Developers give money to sell the property, The second mortgages property of Henderson is 1,020.

news (reporter Yan Lundu) Henderson Mid-West Wellesley offer 95% mortgage deals, caused uproar in the market, the industry is worried about the high number of mortgage continue to have the opportunity to make negative equity situation worse. There are new statistics agency Property completed nearly five years, found that "five real estate" at least 2,444 unit relates to fiscal Aberdeen by second mortgages, Henderson Land's 24 new properties were as much as 1,020 in quantities of five real estate Crown . Since the second mortgage plus a press, generally LTV to 90% or even 95%, intended to assist buyers can begin tight on the car, but also for the future may lead to a large number of mines were laid in negative equity.

Sharp downturn in the property market over the past six months, the developers of the Valley passenger volume, in addition to pricing restraint, will offer a variety of price discounts to "disguise Clearance" and the other tricks is to provide a high number of mortgage finance company owned by the developer or developers familiar with finance companies for Second press, to attract prospective buyers on the first phase of insufficient car.

Five real estate second mortgages over real estate 2444 property

Centaline Property, Senior Associate Director Liang-liter, said the bank statistics from 2012 to 2017 completion of the new Property and up for sale, it was found as of the first quarter, the top five real estate owned 92 real estate, through non HKMA authorized institutions (commonly known as financial Aberdeen) bis contractors actually up by 2,444 cases, of which Henderson land's 24 new properties, two by as much as 1,020 cases, accounting for 41.7% of the top five real estate second mortgages total.

Data show that the 24 new Henderson real estate involved in the two cases by 1,020 cases, accounting for 24 projects, 15% of the total mortgage contractor single-handedly, while the second relates to the sale contract by the amount of $7.208 billion , accounting for a contract involving the sale of press 17.5% of the amount.

Other four major property developers, Cheung Kong and New Respectively in second and third three. Among Cheung 19 items, pick Aberdeen fiscal second mortgages total 518, accounting for 6 percent of the 19 projects, and second, by involving the sale contract amount $4.053 billion. Sun Hung Kai 23 projects, the second by 498, accounting for 7.1% of the 23 projects; second mortgages involving the sale of 4.9 billion yuan contract amount. As Sino Land's 16 projects, the second by 268, and second by the amount of $3.506 billion. New World's 10 projects, the second by 140, and second by the amount of $1.801 billion.

Second mortgage interest rates high home after the first bitter sweet

Urban transportation liters noted that the current row for the first time similar Mortgage, in fact, new flats over the years has been to provide second mortgages, but since the second half of last year, due to the deterioration in market conditions, for the sake of developers selling properties, second mortgages payment discount obvious increased interest rates by two more also "touch", hoping to attract customers into the market. But to remind the industry, although the second mortgage can help prospective buyers on the initial lack of will, or even the first few years, interest rates and the Bank may make the Air Qi "P-", but then most of them will rise to the "P +", after the first bitter sweet , the subsequent burden greater.

Senior Lecturer, Faculty of Architecture of the City University of Science and Technology Peter POON pointed out earlier, the market weakened the purchasing power of the occasion, a number of developers in high demand to absorb the mortgage, is mainly aimed at a group of stable income but lack of down payment, or if high-income but could not pass the stress test prospective buyers, if future interest rates, mortgage burden of these buyers will significantly increase the birth occurred more indirect negative equity. According to the HKMA announced that the first quarter of this year the number of cases of negative equity residential 1,432 cases, compared to 95 at the end of the surge 14-fold.

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