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大行评级｜花旗：若撤辣后香港楼价继续下跌或进一步削弱置业信心

Bank Ratings | Citibank: If Hong Kong property prices continue to fall after the withdrawal of the country, it may further weaken confidence in buying a home

Gelonghui Finance ·  Feb 28 21:15

Citi published a report saying that the new Hong Kong Special Administrative Region Government Budget Bill announced a complete withdrawal of the property market, exceeding the bank's and market expectations of reducing spiciness. However, the bank believes that the main drivers of Hong Kong's residential demand include interest rates; and market confidence in the prospects of the Mainland and Hong Kong, which the government can control. Furthermore, Citi is concerned that if property prices continue to fall after the withdrawal of the country, it may further weaken confidence in buying a home. The bank maintains a “reduced holdings” rating for real estate agents and favors low-debt landlords that do not rely on property sales and have low planned capital expenditure, such as Lingzhan and Jiulongchang Real Estate.

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