Hong Kong mortgages are “statutory” in a form prescribed by the Hong Kong Marine Department and are bi-lingual, in English and Chinese. The mortgage need not be notarised or legalised before it is presented to the HKSR for registration although if the ... ( read original story ...)
Homes offers tempting, but the risks can't be ignored
As if thumping their noses at the government's market cooling measures, Hong Kong's two largest property agencies have offered prospective homes buyers zero down payment mortgage loans to buy properties. The move could add fuel to the already red-hot ... ( read original story ...)
Will higher rates hit HK property prices right away?
And the real mortgage rate has been hovering in negative territory between 2010 and the third quarter of last year, underpinning Hong Kong’s home market throughout the six-year period. The Federal Reserve is expected to accelerate its rate hiking pace ... ( read original story ...)
Mortgage e-alert date
The Hong Kong Monetary Authority said yesterday that the Land Registry will start accepting applications in February for its e-alert service where banks will receive electronic notifications when homeowners take out a second mortgage.The authority said it ... ( read original story ...)
Blockchain for Mortgages: Compelling, But Premature
how close is the mortgage industry to actually adopting blockchain into its processes? In some places, it already has been. In October, Bank of China and HSBC began testing blockchain tech on a property valuation system for home loans in Hong Kong – one ... ( read original story ...)
Real estate up, down or flat? 5 factors that could affect home prices in 2017: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... Reserve Chair Janet Yellen has a huge impact on Canadian mortgage rates. That's because mortgage lenders take their cue ... ( read original story ...)
UPDATE 1-U.S. 30-year mortgage rates fall to lowest in six weeks -Freddie
HONG KONG/BEIJING, Jan 14 China's Dalian Wanda Group Co Ltd on Saturday said its revenue for 2016 dropped by 13.9 percent, even as operating income increased 3.4 percent, as a slowdown in the group's commercial property business impacted overall performance. ( read original story ...)
HK managers should use digital technologies to connect with customers
More than half of Hong Kong consumers still want human interaction – especially to deal with complaints (60 per cent) and advice about complex products such as mortgages (54 per cent in Hong Kong). So this is where the focus of getting humans to ... ( read original story ...)
HK investment banks brace for shocks as competition intensifies
Competition is intensifying for investment banks in Hong Kong with global economic uncertainty shadowing one of the world’s largest initial public offering (IPO) markets, an executive at a state-owned investment bank says. Although the city was ranked ... ( read original story ...)
Hong Kong’s transitional care centres provide welcome relief for the elderly and their families
“And I really do not want to send her to a care home as I do not want her to feel useless and abandoned.” The demand for Hong Kong’s long-term nursing facilities had been on the rise amid an aging population and is projected to double from about ... ( read original story ...)
Hong Kong will need 48 new elderly care homes every year unless demand is cut now, expert warns
Hong Kong will need to build close to 50 care homes for the elderly each year in the future unless it acts now to cut demand by providing more community care, a social welfare expert has warned. Dr Law Chi-kwong, an associate professor at the University of ... ( read original story ...)
Job cuts, fewer flights? Hong Kong airline Cathay set for overhaul
The 71-year-old Hong Kong airline is under pressure to combat aggressive state-supported mainland carriers, and to position itself against an "open skies" deal signed last month between China and Australia. Cathay scrapped its second-half profit forecast ... ( read original story ...)
Hong Kong public and doctors oppose Medical Council’s proposed medical reforms, survey reveals
Polls commissioned by medical sector lawmaker Dr Pierre Chan showed resounding opposition to controversial government reforms making it easier for foreign doctors to practice in Hong Kong. Between November last year and this month, the general public ... ( read original story ...)
Hong Kong public to be polled on next chief executive
“We are definitely not here to be kingmakers,” Tai, a legal scholar at the University of Hong Kong, said. “We just hope that all Hongkongers can participate in such an important event.” The chief executive race heated up last week after Chief ... ( read original story ...)