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According to the Central Finger Research Institute: The second-hand housing market in core cities remained moderately active in April, with "exchanging price for volume" still the mainstream of the market.
In April, the prices of second-hand Residences in first-tier cities fell by 0.36% month-on-month, remaining overall stable.
The national first home loan interest rates will enter the "20s" era, and a 30-year loan of one million can save 0.02 million.
① The central bank's interest rate cut policy has been implemented as scheduled, with the 5-year LPR lowered to 3.5%. "As the 5-year LPR reaches a historic low, the interest rate for first-time home loans nationwide will enter the '20s' era;" ② If calculated with a commercial loan limit of 1 million yuan, a loan term of 30 years, and an equal principal and interest repayment method, the monthly payment will decrease by 56 yuan with this LPR drop of 10 basis points, resulting in a total reduction of 0.02 million yuan over 30 years.
China Cuts Lending Rates To 3%
Finger Research Institute: The interest rate cut has finally landed, which is expected to drive down the cost of home buying again.
Overall, the recent phase of "reciprocal tariffs" between China and the United States has eased, but there are still many external instability and uncertainty factors. Since May, the consecutive implementation of reserve requirement ratio cuts and interest rate reductions has helped to consolidate the stable running of the macro economy and also aids in stabilizing the Real Estate market.
Official announcement! The LPR was lowered by 10 basis points in May, and the mortgage rate will be further reduced to ease the pressure on net interest margins. A new round of deposit rate cuts also began on the same day.
① A reduction in LPR will further drive down the financing costs of the real economy, stimulate credit demand, and promote corporate investment. ② With a policy interest rate cut of 10 basis points and a corresponding reduction in LPR, the subsequent decrease in the banks' liability costs is a necessity to strengthen interest rate coordination, stabilize interest margins, and achieve the monetary policy's "four-fold balance" objective, while also creating space to further lower the comprehensive financing costs for enterprises.
CITIC: In April, Real Estate investment and construction are under pressure. In the context of weakening demand, attention is drawn to the changes in the temperature of the front-end land market.
CICC's Research Reports state that in April, Real Estate investment and construction are under pressure, and in the context of weakened demand, attention is drawn to changes in the temperature of the front-end land market.
