Hong Kong has taken a bold step to ease a real-estate slump, scrapping a series of property taxes in an effort to turn around a market that is often seen as a proxy for the city’s beleaguered economy.
Hong Kong relaxes lending rules, granting more mortgage loans to homes below HK$30 million to bolster property market
Homes worth less than HK$30 million (US$3.83 million) will be entitled to 70 per cent mortgage financing, compared with the previous 60 per cent credit Residential property that are valued at more ...
Hong Kong property players hope authorities lift cooling measures in upcoming Budget
HONG KONG: Hong Kong finance chief Paul Chan is widely expected ... But people must consider many other factors like the mortgage. That's why the purchasing is not as hot as before,” said Mr Mok.
Hong Kong property: discounted Mid-Levels luxury homes entice buyers amid loan distress as rates outlook improves
Will rolling back stamp duties put Hong Kong’s property market back on track? In another recent transaction, a 420-sq ft unit at The Arch in Tsim Sha Tsui was sold at HK$11.25 million last week, or 25 ...
Hong Kong Property Tycoons Weather Worst Slump In Two Decades With Little Relief In Sight
Lessons learned in the 1997-2004 slump helped some weather the storm while others were buffered by investments in luxury malls and non-property assets.
Hong Kong Is Over Unless China Fixes Own Economy, Roach Says
China must fix its economy and let Hong Kong run itself if it wants a better future for the financial hub, former Morgan Stanley Asia Ltd. chair Stephen Roach said, after a pessimistic column he wrote ...
Chinese banks approve $17 billion of ‘whitelist’ loans for property sector
By Clare Jim and Ziyi Tang HONG KONG/BEIJING (Reuters) -Chinese banks have approved property development loans of $17.20 billion as part of a special mechanism to inject liquidity into the sector, but ...
Hong Kong Faces Mounting Pressure to Remove Property Curbs
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Hong Kong developers urge government to remove all property cooling measures, make Hongkongers ‘happy’
Hong Kong developers have joined a chorus urging the government to remove all the remaining cooling measures to revive the property sector. Stewart Leung Chi-kin, who is the chairman of the Real ...
China makes biggest-ever cut to key mortgage rate to bolster housing market
China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis.
China slashes mortgage reference rates to revive property market
China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy. The 25-basis point cut to the ...
China’s Hainan Province Eases Mortgage Rules To Revive Home Sales: ‘Housing Bottom Not In Sight,’ Analyst Says
China's Hainan province reduces down payment for first-time homebuyers to 20%, aiming to stabilize slumping housing market. Goldman Sachs predicts prolonged downturn.
One of the World’s Most Expensive Luxury Property Markets Is Becoming a Lot Cheaper
China’s economic slowdown is wreaking havoc on Hong Kong’s luxury property market.The most expensive homes in the city are changing hands at steep discounts to what they were worth just a few years ...
People’s ‘assets are disappearing’: Midland Realty chairman sounds the alarm as he urges removal of all Hong Kong property cooling measures
Hong Kong should do away with property sector cooling measures altogether as declines in real estate values and the stock market are putting Hongkongers’ assets at risk, says the chairman of Midland ...