Japanese and Hong Kong share markets led Asian stocks higher on Wednesday ... Growth in China, the world's no. 2 economy, has held up remarkably well this year despite curbs on the property market and risky forms of lending, thanks to a construction ... ( read original story ...)
A Hong Kong penthouse just sold for over $13K psf
despite efforts from the government to cool down property prices, according to Bloomberg. The unit is 4,971 square feet and includes three parking spots and a private swimming pool. Prices for homes in Hong Kong hit record highs this year and climbed for ... ( read original story ...)
A Hong Kong apartment sets an Asian price record, amid government curbs
Hong Kong home prices hit all-time highs this year ... The local monetary authority in the same month introduced fresh curbs on second-home mortgages as well as borrowers whose income is derived mainly from overseas sources. The recently sold home was ... ( read original story ...)
Hong Kong Apartment Sets Asia Price Record Amid Government Curbs
Hong Kong home prices hit all-time highs this year ... The local monetary authority in the same month introduced fresh curbs on second-home mortgages as well as borrowers whose income is derived mainly from overseas sources. The recently sold home was ... ( read original story ...)
13,000 buyers swamp Tseung Kwan O property project for just 400 flats, despite Hong Kong official warning about market
“Judging from Hong Kong’s history and property markets around the world ... He would not rule out another round of tightening measures on property mortgage loans, as he said there were no signs of a downward cycle in the market at the moment. ( read original story ...)
Hong Kong’s Aug drawndown mortgage loans fall 13.3 pct
Sept 29 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$28.1 billion ($3.60 billion) in August, down 13.3 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. The following is the breakdown of data ... ( read original story ...)
HK private home prices soar, HKMA chief warns against overheating market
The head of the city’s de facto central bank, the Hong Kong Monetary Authority, struck a note of caution against homebuyers piling into the market. “The risk of the property market overheating still exists,” Norman Chan, head of HKMA, told reporters. ( read original story ...)
Hong Kong private home prices climb to fresh highs in August
HONG KONG, Sept 29 (Reuters) - Hong Kong’s private home prices climbed to a fresh peak in August, hitting highs for the 10th month in a row and extending gains to a 17th month, government data released on Friday showed. Prices of private domestic homes ... ( read original story ...)
Singapore home prices have bottomed, Hong Kong ‘crazy.’
Singapore property prices have declined for 15 quarters - the longest slide since data was first published in 1975 - as the government rolled out a series of curbs. Home values have dropped 12 per cent from their 2013 peak, while Hong Kong prices reached ... ( read original story ...)
Toronto, London and these other major housing markets are in a risky bubble, UBS says
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 ...)