The opening of the Hong Kong-Zhuhai-Macau bridge later this year could further narrow the gap between Hong Kong and Macau house prices, both of which recently rose to an all-time high, according to pr... ( read original story ...)
CORRECTED-Hong Kong banks hike mortgage rate, end cheap money era
HONG KONG, Aug 9 (Reuters) - Hong Kong’s top banks are hiking an important mortgage rate, piling pressure on borrowers and raising the risk of a slowdown in one of the world’s most expensive property ... ( read original story ...)
UPDATE 1-Hong Kong banks hike mortgage rate, end cheap money era
HONG KONG, Aug 9 (Reuters) - Hong Kong’s top banks are hiking an important mortgage rate, piling pressure on borrowers and raising the risk of a slowdown in one of the world’s most expensive property ... ( read original story ...)
Hong Kong homebuyers’ first mortgage rate increase in 12 years may come as early as September
Hong Kong banks may increase lending rates for the first time in 12 years as early as September, meaning bad news for the city’s home mortgage borrowers and credit card holders as well as for companie... ( read original story ...)
Hong Kong home prices to face deflation trend by end of year, analysts say
According to Centaline Mortgage Broker, local banks will likely lift their prime rate in September, reflecting the first increase in 12 years. Citibank has forecast that Hong Kong new home prices coul... ( read original story ...)
Hong Kong receives 80 per cent of China’s outbound property investment in second quarter
China’s financial tightening has crippled outbound real estate investment this year to its lowest level since 2015, even as investment towards Hong Kong outperformed and the city emerged as the only b... ( read original story ...)
China’s property outbound investment in first-half hits lowest since 2015: property consultancy
HONG KONG (Reuters) - China’s real estate outbound investment in the first six months fell to its lowest level since 2015, property consultancy firm Cushman & Wakefield (CWK.N) said in a report, mainl... ( read original story ...)
Residential Mortgage Survey Results for June 2018
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for June 2018. The number of mor... ( read original story ...)
Hong Kong home prices hit another record, but could face headwinds
A 650-square-foot flat on Hong Kong Island would cost nearly HK$11.5 million ($1.47 million), according to calculations using June data from property agency Midland Realty. But after a 27-month-long r... ( read original story ...)
Macau casino heiress pays HK$900 million for Peak mansion in Asia’s second-costliest property
She ranks as the second richest woman in Hong Kong, trailing Kingston Financial Group’s Pollyanna Chu Yuet Wah, with a net worth of US$12 billion, according to Forbes. Ho been managing director of Shu... ( read original story ...)
Hong Kong director share buying falls, but property firms still top list of buy-backs
Hong Kong company directors may be experiencing buying fatigue after recording heavy purchases of their own companies’ shares in recent weeks, with activity falling for a second straight week, althoug... ( read original story ...)
Hong Kong Monetary Authority Reveals Life Annuity Scheme
HKMC Annuity Limited (HKMCA), wholly-owned by The Hong Kong Mortgage Corporation Limited (HKMC), launched the HKMC Annuity Plan in early July. According to the HKMA, HKMCA is prepared to double the fi... ( read original story ...)
Is Hong Kong mocking the elderly poor with half-hearted pension scheme?
The minimum entry fee to join the scheme, launched by the Hong Kong Mortgage Corporation, is HK$50,000, which means that retirees from the lower income group would be unable to join, as they would be ... ( read original story ...)
Messed-Up Math in Hong Kong’s Roaring Office Property Market
Hong Kong’s gleaming office towers may be some of the world’s worst investments, judged by their rental yields compared with government bonds. The buyers that matter most don’t really care. Chinese in... ( read original story ...)