Information > General article > Home loan strategy > Commercial loans >  text

Mortgage interest rate rises, housing companies go abroad to raise money

Time: 2018-02-08         Source: Guangzhou Daily         Author: Guangzhou Daily

Guangzhou Daily News (all media reporter Zhang Zhongan) Just after 2018, the bank began to raise interest rates on floating houses. The four major state-owned banks in Guangzhou have raised their mortgage rates by 10% in the first suite since February 1 and 15% in the second suite. The monitoring of the website of Rong 360 shows that the mortgage interest rate of many banks' first suites has risen by 5%~20%, and some banks have no quota.

Guo Shuqing, chairman of the China Banking Regulatory Commission, said earlier that it would curb the leverage ratio of the residents' sector and continue to curb the real estate bubble. The data shows that the current growth rate of commercial housing sales and personal home loan balances have started to fall from high points. Among them, personal mortgage purchase loans have been declining for 14 consecutive months, from 51.40% in October 2016, all the way down to minus 2% in December last year. Some analysts believe that in the short term, with the increase in interest rates, personal mortgage growth is expected to decline further. Some economists expect that, based on past experience, it is estimated that new personal housing loans will be about 3.3 trillion yuan in 2018, a decrease of 800 billion to 100 billion yuan compared with 2017.

In the context of increasingly difficult local financing, many developers have set their sights on overseas. This has made Chinese property developers particularly vulnerable to dollar debt this year.

On February 6, Greenland Holdings announced that it issued two US dollar bonds with a total value of US$700 million. Up to now, the total size of overseas bonds issued by Greenland Holdings overseas projects is US$4.3 billion, with an average coupon of only 4.58%. According to the data, in 2014, Greenland Holdings successfully established a US$3 billion medium-term note plan on the Hong Kong Stock Exchange through its wholly-owned overseas subsidiaries. The funds were collected and collected in phases according to market conditions, and the funds raised were planned for greenfield overseas investment projects.

In addition, a number of mainland real estate companies listed on the Hong Kong Stock Exchange, such as R&F Properties, Longfor Real Estate and Country Garden, are all financing overseas. On January 17, Country Garden announced the financing of 23.48 billion Hong Kong dollars.

In fact, starting in 2016, developers have restarted overseas financing plans. In the first 11 months of 2017, the scale of overseas financing of housing enterprises reached 255.3 billion yuan, accounting for 25% of the total financing, which was 11 percentage points higher than that of 2016. It has become an important financing means for housing enterprises. Some analysts believe that this is mainly because with the further tightening of China's credit environment, corporate debt thresholds have risen, housing companies have sailed to the sea, looking for financing opportunities overseas, and the pressure on small and medium-sized housing enterprises is more obvious.

Second-tier cities

Average interest rate is higher than first-tier cities

Another news (all-media reporter Lin Xiaoli) Rong 360 monitoring data shows that in January 2018, the northeast-Guangzhou-Shenzhen first-tier urban mortgage interest rate was in the range of 5.04%~5.44%, the average interest rate of Beijing first home loan was 5.33%, Guangzhou was 5.34%, Shenzhen was 5.44% and Shanghai are 5.04%. Shanghai increased by 0.06 percentage points from the previous month, Beijing rose by 0.04 percentage points, Guangzhou rose by 0.02 percentage points, and Shenzhen held the previous month.

It is worth noting that the average average interest rate of the first suites in the first-tier cities is lower than that of the second-tier cities.

According to the 360 ​​analysis data, the average average interest rate of the four first-tier cities was lower than the average of the average interest rates of 31 second-tier cities in 2017, which actually reflected that the overall interest rate of first-tier cities was more favorable than that of second-tier cities.

The reporter also noticed that among the data released by Rong 360, in the top ten cities with the lowest average interest rate of the first suite in the country in January, Beishangguang was on the list.

Rong 360 analyst Li only predicted that in the case of excluding strong policy intervention, the interest rate of second-tier cities will still be higher than that of first-tier cities this year, but the gap between interest rate increases in first- and second-tier cities will increase first and then narrow until they remain consistent. Mortgage interest rates will reach high levels and remain stable.

Li only believes that the further increase in the cost of capital in 2018 will increase the mortgage interest rate; the market supply will further increase, and the way to solve the housing problem will be more diversified, so that the increase in mortgage demand will show a downward trend, and the rental loan will show an increasing trend.

(Guangzhou Daily)

Dozens of cities, hundreds of banks, all loan interest rates, all in the "Fin 360 said room" (fangdai123) public number, click on the menu "buy a house tool", use the most favorable interest rate, buy the most favorite house.

    You may need these loans

    Room loan

    Loan with mortgage record

    500000

    Maximum amount

    0.89%

    Minimum monthly interest rate

    1 day

    Fastest loan time

    apply immediately

    Redemption

    Debt mortgage

    6.5 million

    Maximum amount

    2.20%

    Minimum monthly interest rate

    30 days

    Fastest loan time

    apply immediately

    Home loan

    Home mortgage, good capital turnover

    10 million

    Maximum amount

    1.20%

    Minimum monthly interest rate

    7 days

    Fastest loan time

    apply immediately

    Decoration loan

    Buying a house renovation loan

    500000

    Maximum amount

    0.37%

    Minimum monthly interest rate

    1 day

    Fastest loan time

    apply immediately
    Save this article to my mailbox
    Subscribe to mortgage, property news

    Sweep and make buying a home easier!

    Welcome to pay attention to Rong 360 mortgage
    Official WeChat (Fangdai123)

    [Exclusive Manuscript and Disclaimer] Any work, such as "360 Original", without the written authorization of 360, may not be reproduced, extracted or otherwise used by any unit, organization or individual. If you have been authorized in writing, please indicate the source of 360. Anyone who violates the above statement and infringes on the legal rights and interests of Rong 360 shall be investigated for legal responsibility according to law. The materials and conclusions in the works are for user's reference only and do not constitute operational recommendations. To obtain written authorization, please send an email to: academy@rong360.com

    Comment list (user comments are only for users to express their personal views, does not mean that the site agrees with its views or confirms its description)
    you may also like
    • Will the mortgage rate rise and you will be affected?  Recently, everyone may have seen relevant news, that is, the interest rates of mortgages in various places are rising, and the increase is not low. It is said that it should be at least 20% up on the current basis. Of course, some banks are even more bullish, raising interest rates directly in line with the 30% increase. and so,...
    • The interest rate of the first home mortgage has risen!  Although there is no big change in the mortgage policy of the second home, the new policy of the first suite in Beijing (real estate) property market regulation has also affected many buyers. According to the new regulations, the first payment for the purchase of the first set of ordinary self-occupied housing is not less than 35%, and the first set of non-ordinary self-occupation is purchased...
    • Shenzhen's first home mortgage interest rate rose  At present, the interest rate of mortgage loans in the Shenzhen mortgage market has shown an overall upward trend. Yesterday, the reporter learned from a number of banks in Shenzhen that the first set of interest rate concessional loans in Chinese banks has almost disappeared. The four major banks with more preferential loans have recently made the first set of loans...
    • Wuxi mortgage interest rate rose again, up 25.57% year-on-year  The 360 ​​monitoring data shows that the average interest rate of the first suite in Wuxi reached 5.50% as of December 20, up by 1.29% from the previous month and up 25.27% from the same period of last year. The average interest rate of the second suite was 5.81%, up 2.83% from the previous month and up 7.79% from the same period last year. 1 in the fusion 360 monitoring...
    • Mortgage interest rates have risen again and will break 6% in the future.  The national average interest rate rose to 5.51%. The 360 ​​monitoring data showed that the average interest rate of the first home loan in China in March 2018 was 5.51%, which was equivalent to the benchmark interest rate of 1.124 times, up 0.92% from February, and the first home loan in March last year. The average interest rate was 4.46%, an increase of 23.54%. National...

    Buying a house loan

    Room loan

    Loan with mortgage record

    Redemption

    Debt mortgage

    Home loan

    Home mortgage, good capital turnover

    Decoration loan

    Buying a house renovation loan