2024-05-03 28Hse Editor
As for Tuen Mun Evergrande · Dragon Bay Phase 2, the number of buyers who chose the construction payment method was 635, accounting for 53.1% of the total sold units; the buyers who chose the instant payment method were 516, accounting for 43.1 of the total sold units %. Since May this year, 56 buyers of Evergrande·Junlong Bay Phase 2 have chosen the pay-as-you-go method.
Cao Deming suggested that buyers can look for developers to change the payment method to the construction period, or apply for an extension to complete the transaction. In addition, Cao said that most of the developers are strong and believe that this incident is only an isolated incident, and the impact on the overall property market is relatively minor. Banks still maintain a positive attitude towards mortgages on uncompleted properties.
Mortgage industry is believed to be an isolated incident
Wang Meifeng, the managing director of Centaline Mortgage, also suggested that as the developer indicated that it would allow customers to apply for a postponement of the transaction, affected customers could consider deferring the transaction or convert the immediate payment to the construction period payment method, and will meet when the property is completed.
Wang Meifeng believes that uncompleted projects belong to uncompleted building projects. From the perspective of banks, uncompleted uncompleted mortgages are loans that do not have existing properties as collateral. The risk is higher than that of existing mortgages. Therefore, banks have always determined to accept new uncompleted properties. Before the mortgage, a risk assessment will be conducted, and an approved developer will also be set internally. This incident is believed to be affected by the negative news from the developer in recent months. The bank may be worried about whether the development project can be completed and delivered on schedule, and made relevant decisions on risk management considerations, but it is believed to be an isolated incident.
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