In the U.S., low mortgage rates are also helping buyers afford more homes ... UBS researchers suggest that Hong Kong, London and San Francisco are "Superstars." High net worth investors will always flock to these cities, and as long as supply doesn ... ( read original story ...)
Hong Kong dollar set for biggest monthly advance in 18 months as central bank drains funds
have added negative sentiment to Hong Kong’s equities and property markets, Lo added, on expectations that higher Hibor rates may mean more expensive mortgages. ( read original story ...)
Hong Kong’s spectacular property price rises this year
Hong Kong's housing market is the second best performer in our global house price survey, with residential property prices surging by 19.27% during the year to Q2 2017. This was in sharp contrast with the y-o-y decline of 10.51% during the same period last ... ( read original story ...)
More Hong Kong millennials into mortgage debt
Millennials accounted for 32 percent of total new mortgages in Q2 2017, up from just 19 percent in 2013. With the city’s sky-high property prices, more of Hong Kong’s millennials are taking up mortgages to get on the property ladder, reported the South ... ( read original story ...)
Hong Kong’s record property prices push more millennials into mortgage debt
Hong Kong’s millennials are becoming better represented in the home buying market, taking up one in three new mortgages this year, a new report shows. However, many agents say it is often their parents who are paying the huge deposits for the flats given ... ( read original story ...)
Hong Kong’s record property prices push more millennial into mortgage debt
Hong Kong’s millennials are becoming better represented in the home buying market, taking up one in three new mortgages this year, a new report shows. However, many agents say it is often their parents who are paying the huge deposits for the flats given ... ( read original story ...)
Student banners are merely the result of a Hong Kong genuinely moving with the times
Through the 1970s to 1990s, horse race betting was considered the intellectual and social high point in Hong Kong. Simple businesses like trading and property development didn’t require much innovation Through the 1970s to 1990s, horse race betting was ... ( read original story ...)
Plans for tougher restrictions on foreign buyers to help first-time buyers get on property ladder
Foreign buyers will face tougher restrictions on purchasing British property under plans being worked up by the ... purchased off plan by particularly Far Eastern buyers – China, Hong Kong, Singapore, Malaysia," a Whitehall source said. ( read original story ...)
Hong Kong Mortgage Corp. Downgraded To #AA+# From #AAA# Following Similar Action On Hong Outlook Stable
HONG KONG (S&P Global Ratings) Sept. 22, 2017--S&P Global Ratings Services said today it lowered its long-term issuer credit rating on Hong Kong Mortgage Corp. Ltd. (HKMC) to 'AA+' from 'AAA'. The outlook is stable. At the same time, we affirmed the 'A-1 ... ( read original story ...)
Mortgages to follow people into retirement
The fact that people may still paying off a mortgage when they retire is not "an ideal situation ... out an actual start date was a key move forward. MORNING BRIEFS - Hong Kong's debt has been downgraded by Standard and Poor's a day after its ratings ... ( read original story ...)
Energy leads U.S. stock indexes to a mostly higher finish
Lower bond yields mean banks have to charge lower interest rates on long-term loans like mortgages. Several health care companies ... the S&P downgraded the credit rating for China and Hong Kong. Japan’s benchmark Nikkei 225 slipped 0.3%, while South ... ( read original story ...)
Hong Kong woman wants house back from ex-boyfriend after dodging tax
A Hong Kong woman is suing her her ex-boyfriend ... to act for the Plaintiff as an agent in purchasing the property which included obtaining the mortgage, and thereby is on title and holds the property on a constructive trust for the Plaintiff in ... ( read original story ...)
Non-bank mortgage loans a time bomb in the making
Recent market studies have shown a rapid increase in non-bank mortgage lending as home prices continued to surge. The Hong Kong Monetary Authority, the city's de facto central bank, has issued some warnings about the high cost of non-bank loans but has yet ... ( read original story ...)
Hong Kong woman wants her ex out of B.C. home. The problem? His name is on the title
But Wu, who lives in Hong Kong, didn’t want to pay B.C.’s 15 per cent foreign buyers tax, court documents said. Chu is from Richmond, and Wu claims he helped her buy a home in the city by putting the land title and mortgage under his name. Online real ... ( read original story ...)