Category: PROPERTY

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 ...)

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 ...)

“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’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 ...)

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 ...)

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 ...)

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’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash. That’s according to analysts and money managers from Nomura Holdings Inc ... ( read original story ...)

“The spin-off plan helps Wharf unlock value from its mature Hong Kong assets with strong cash flow,” said Raymond Cheng, a property analyst at CIMB Securities. “It’s good timing as Hong Kong’s luxury retail sales are rebounding.” Cheng added ... ( read original story ...)

Morgan Stanley said in a recent report that suppressed China’s overseas property investment, accounting for 6.3 per cent of outbound direct investment in 2016, would weigh on the pricing of commercial properties in Australia, Hong Kong, UK and the US. ( read original story ...)

Shanghai’s price controls over new homes are the toughest among all mainland Chinese cities, according to state-owned property developer China Jinmao ... Post during an interim results briefing in Hong Kong on Tuesday. The developer, a subsidiary of ... ( read original story ...)

Previously, the company designed the ANA Crowne Plaza Osaka, another IHG property. Originally built as The Regent Hong Kong in 1980, the hotel was re-branded to InterContinental Hong Kong in June 2001, and became the Asia-Pacific flagship property for IHG. ( read original story ...)

According to a new report by JLL, commercial property investors are allocating more capital ... After China, Asia's biggest spenders were Hong Kong ($4.9 billion), Singapore ($4.1 billion), South Korea ($1.9 billion) and Japan ($1.6 billion). ( read original story ...)

Mr Cheng is originally from Taiwan, and Ms Lam from Hong Kong. Mr Cheng told the Mercury News newspaper ... "The association was shocked. The property management firm was not aware of any sale or of any taxes owed," he said. "It is hard to understand ... ( read original story ...)