在重定价周期方面，业内专家透露，客户在单一贷款存续期内只能申请一次重定价周期的调整，可选择的周期为3个月、6个月或12个月，一旦调整完成则不可撤销。在利率下降周期中，较短的重定价周期能让客户更快享受到利率下降的优惠；相反，在利率上升周期中，较短的周期意味着贷款基准利率将更频繁地进行重定价。What are the impacts of the adjustment of personal housing loan interest rates on the real estate market? How is the recent situation of sales picking up in the real estate market?
Caifinance News on October 31st (Editor Hu Jiarong) Personal housing loan interest rates will be adjusted starting tomorrow. Stimulated by this news, most Hong Kong stocks' mainland real estate sector strengthened. As of the release time, $CHINA JINMAO (00817.HK)$it has risen nearly 13%.$SUNAC (01918.HK)$rose more than 10%,$LOGAN GROUP (03380.HK)$,$CIFI HOLD GP (00884.HK)$rose more than 6%,$C&D INTL GROUP (01908.HK)$Increased by more than 5%.
On the news front, the six major state-owned commercial banks - Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China announced that a new commercial individual housing loan interest rate pricing mechanism will be implemented from November 1, marking the formal implementation of the requirements proposed by the People's Bank of China to improve the loan interest rate pricing mechanism a month ago.
In terms of the repricing cycle, industry experts revealed that customers can only apply for one adjustment of the repricing cycle within a single loan's outstanding period. The available periods are 3 months, 6 months, or 12 months, and once the adjustment is completed, it cannot be revoked. During a period of declining interest rates, a shorter repricing cycle allows customers to enjoy the benefits of lower interest rates more quickly; conversely, during a period of rising interest rates, a shorter cycle means the loan prime rate will be repriced more frequently.
The real estate market sales rebounded in October.
The real estate market sales rebounded. According to the monitoring data of China Index Institute, the new housing transaction areas in Guangzhou, Shenzhen, Beijing, and Shanghai from October 1st to October 27th increased by 108%, 96%, 48%, and 29% respectively on a month-on-month basis, with Guangzhou and Shenzhen nearly doubling their new housing transaction areas, while Beijing and Shanghai saw relatively smaller increases. In the second-hand housing market, the transaction volumes of second-hand houses in Shenzhen, Shanghai, and Beijing increased by 63%, 55%, and 16% respectively on a month-on-month basis.
E-House Enterprise Holdings Research Institute's data shows that it is expected that the transaction area of new commercial residential buildings in first-tier cities in October will reach 2.27 million square meters, an increase of 40% on a month-on-month basis and 2% year-on-year. In comparison, the month-on-month and year-on-year growth rates of new house transactions in first-tier cities in September were -11% and -30% respectively, indicating an improvement in transaction indicators in October.
Industry insiders analyze that the active performance of the new and second-hand housing markets in first-tier cities will have a positive impact on sales of real estate companies. It is expected that the sales performance of key real estate companies in October may increase by over 40% compared to September, with some companies' growth rates possibly exceeding 50%. The improvement in sales data will significantly enhance the financial situation of real estate companies, aiding in their subsequent operational development, debt handling, and land investments.
Editor / jayden
