According to a separate report from the Chinese government, Hong Kong’s housing affordability has further deteriorated, with the proportion of income spent on mortgages having risen to 67 percent in 2Q17, compared to that of 56 percent a year ago. ( read original story ...)
Hong Kong Home Prices to Grow 15 Percent in Coming 30 Months
Our analysis shows that around 1.27 million households with an income over HKD 28,000 per month can afford to buy private housing using a combination of savings and financing 70-80% of the balance through banks, non-banks and the Hong Kong Mortgage ... ( read original story ...)
A Look At The Potential Blockchain Holds For The Mortgage Industry
“The average mortgage application includes a staggering 500 pages ... of a blockchain technology solution for property valuation by the Bank of China Hong Kong (BOCHK) and Hong Kong Applied Science and Technology Research Institute (ASTRI). ( read original story ...)
Hong Kong, the world’s most expensive housing market, just got even pricier
Hong Kong’s housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 per cent for the April-June quarter, the government said on Friday, up from 56 per cent in the year-earlier period. The latest ... ( read original story ...)
China fines Citibank, four others for breaching mortgage and credit card rules
The most common misdemeanours this year had been in mortgage and interbank lending ... “Citi is committed to meeting our regulatory obligations,” the bank’s Hong Kong-based spokesman said. “We have completed the necessary corrective actions ... ( read original story ...)
Are you sitting down? Good. Hong Kong’s housing market just got even more expensive
And it just keeps getting more expensive. In the second quarter, the proportion of income spent on mortgages in Hong Kong—a measure known as the housing affordability ratio—hit 67 percent, shooting up from 56 percent earlier in the year, accoriding to ... ( read original story ...)
How to get a buy-to-let mortgage for a British property if you have moved overseas
Hong Kong Dollar, Kuwaiti Dinar and Singaporean Dollar. The mutual will take a limited amount of earned income into its affordability assessment. The rental income must cover the mortgage payments by a ratio of 125 per cent at a 5.5 per cent mortgage rate ... ( read original story ...)
Hong Kong regulator grins thanks to financial inclusion wins
The Hong Kong Monetary Authority (HKMA) is in a happy mood as the region’s financial inclusion initiatives are progressing well. Norman Chan, HKMA chief executive, visited three retail bank branches in northern Tin Shui Wai area of Hong Kong today (17 ... ( read original story ...)
HKMA’s Chief Executive visits bank branches to understand progress of implementation of financial inclusion initiatives (with photos)
The Chief Executive of the Hong Kong Monetary Authority (HKMA), Mr Norman Chan, visited three retail bank branches in northern Tin Shui Wai area today (August 17) to understand the situation of branch services from bank representatives and staff ... ( read original story ...)
Sequoia’s First 6 Early Investments In Hong Kong Boost Its Growing Startup Ecosystem
Hong Kong’s tech startup ecosystem is moving up another notch, thanks to deals such as the $9 million investment in the city’s own bike-sharing service GoBee and backing of six startups from a Sequoia Capital China-linked fund and platform. The six ... ( read original story ...)
Hong Kong activist Joshua Wong jailed for six months
Hong Kong activist Joshua Wong has been jailed for six months for taking part in the 2014 pro-democracy protests. He was tried and found guilty of unlawful assembly last year, and sentenced to community service. But in an unusual move the Hong Kong ... ( read original story ...)
Pro-democracy leaders jailed in Hong Kong
A Hong Kong court sent young activist Joshua Wong and two other student leaders to prison Thursday for their roles in huge pro-democracy protests nearly three years earlier, in the latest sign that tolerance for dissent is waning in the Chinese-ruled ... ( read original story ...)
Hong Kong insurer Asia Financial reports doubling of interim profit on investment gains
Asia Financial Holdings, which owns one of the largest general insurers in Hong Kong and is headed by the city’s executive council convenor Bernard Chan, reported a 105.5 per cent profit increase in the first half of the year. The company said on ... ( read original story ...)
Young leaders of massive 2014 Hong Kong protests get prison
A Hong Kong court sent young activist Joshua Wong and two other student leaders to prison Thursday for their roles in huge pro-democracy protests nearly three years earlier, in the latest sign that tolerance for dissent is waning in the Chinese-ruled ... ( read original story ...)