Domestic house prices remain high. The outside world hopes that the policy of real estate speculation can suppress the soaring house prices, but Hekujin (5880-TW) subsidiary Hekuyin bluntly stated that under the circumstances of abundant market funds, low interest rates and increased construction costs, It is estimated that there is little room for house prices to fall in the next six months.
Hekujin today (23) held its 3rd quarter online legal talk, and the media asked questions about the real estate market outlook.
The head of Hekuyin said that the epidemic slowed down in the second half of last year (2020). Under the catalysis of factors such as low interest rates and the return of overseas funds, the real estate market has recovered. According to statistics last year, the number of transactions transferred was 326,600, an annual increase. An increase of 8.76%.
Although there are domestic epidemic factors this year, the transaction volume in the first 8 months was 221,000, an annual increase of about 10%. As the epidemic slowed, deferred buying came out, coupled with factors such as low profits and inflation, which drove housing transactions. Warm up.
Hekuyin said that although the Central Bank and other Ministry of Finance will continue to take measures to stabilize the housing market, housing prices in 8 counties and cities including Liudu and Hsinchu counties and cities are still showing a trend of price increase and increase in volume. It is estimated that the vaccine coverage rate will increase. With the slowing of the epidemic and other factors, the housing market confidence in the fourth quarter will gradually stabilize. Coupled with the rising price of construction materials and the unresolved factors of shortage of labor, it is expected that housing prices will not fall in the short term.
According to statistics from Hecubank, as of the end of September this year, the balance of personal housing loans totaled 574.1 billion yuan, an increase of 5.5% over the same period last year, and the balance of civil construction financing was 152.2 billion yuan, an annual increase of 16.36%. At present, real estate loans accounted for the proportion of deposit balances and financial bonds. About 28.72%.
As for the target of next year’s mortgage business, the director of Heku Bank said that he would usually refer to the economic growth rate in the next year (2021) to set the basis. Based on the economic growth rate estimated by the General Accounting Office of 3.69%, the growth of the mortgage business next year The target will be at least higher than this number.
Hekujin today announced self-consolidated profit data. In the first three quarters of this year, the consolidated after-tax net profit was 16.464 billion yuan, an annual increase of 32.91%, and earnings per share were 1.17 yuan. The annualized return on net value and return on assets were 9.18% and 0.52%, respectively. .
The core subsidiary Hecubank’s profit accounted for 85.10%, and the net profit after tax was 14.254 billion yuan, an annual increase of 33.25%, which was mainly due to the increase in net interest income and the improvement in asset quality resulting in a decrease in bad debt expenses; and the overpayment ratio was 0.21% And the allowance for bad debt coverage ratio of 577.86% is also much better than the same period last year, and the asset quality is stable.
