Residential mortgage survey results for January 2017

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for January 2017. The number of mortgage applications in January 2017 decreased month-on-month by 5.6% to 9,914. Mortgage loans approved in January 2017 decreased by ... ( read original story ...)

Ultra-rich in mainland, HK love property

Visitors take photos at the Kowloon waterfront facing Victoria Harbor that overlooks prime property of Hong Kong. Ultra-rich people grew in Chinese mainland and Hong Kong in 2016. [Photo/Agencies] The Chinese mainland and Hong Kong saw strong growth in ... ( read original story ...)

Profit at Hong Kong rail operator MTR falls 21% on property woes

HONG KONG -- Hong Kong railway operator MTR saw its net profit tumble 21% on the year in 2016 due to a slower property development market, but the company is getting a boost from mainland Chinese developers competing for land in the territory. Net profit ... ( read original story ...)

Sympathy for the Hong Kong Property Devil

Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. Chinese companies have been gorging themselves on land in Hong Kong, outbidding the local ... ( read original story ...)

In Hong Kong home prices have risen 370 per cent to new record

Hong Kong’s existing home prices have climbed to a record, fuelled by a surge in demand from local buyers and investors despite taxes and mortgage curbs designed to rein in prices. The Centaline Property Centa-City Leading Index, which tracks sales in ... ( read original story ...)