Nomura property prices peaked in the first half

According to a report issued by Nomura Securities, it is believed that the measures of the HKMA are effective, reflecting that banks are not only considering the net interest margin, but also from the perspective of the return on equity. Interest rate.

The bank expects property prices to rise by 8% this year and will peak in the first half of the year. As for the situation next year, with the internal housing and mortgage loans and other two supporting factors gradually disappear, the property prices will be adjusted risk.

Nomura expects bank-related mortgage competition to be reduced, fearing that if the mortgage will be resumed, the HKMA will increase the risk of mortgage risk. The bank maintains Kerry (00683) and Xindi (00016) as the industry preferred, while giving real estate (01113) “buy” rating, Henderson Land (00012) and letter and (00083) are rated “Neutral”.

Credit Suisse latest research report pointed out that a number of banks raised interest rates by 10 basis, but with a $ 6 million property, 60% of the mortgage, the contribution period of 25 years, the monthly amount of money increased by 1.4% limited. However, the bank believes that this or mark Hong Kong into the rate hike cycle, and to remind the property market risk is rising. The bank maintained the “downgrade” rating of the Hong Kong property sector, which was better than the holdings of Hercules (00014), Hang Lung Properties (00101) and Swire Properties (01972).