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 ...)

Hong Kong hands out generous budget, paints brighter outlook

The Hong Kong dollar is pegged to the greenback and expectations of two to three U.S. interest rate hikes this year will trigger increases in local mortgage rates. Financial Secretary Paul Chan said in his maiden budget address that an improved labor ... ( read original story ...)

Why Hong Kong banks are reluctant to follow US in hiking rates

The second reason is the soft demand for mortgage loans and thus keen competition among banks for such business. Since the financial crisis, the Hong Kong government has launched eight rounds of counter-cyclical measures to cool the housing market. ( read original story ...)

Hong Kong existing home prices climb to record

Hong Kong - Hong Kong’s existing home prices have climbed to a record, fueled 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 ... ( read original story ...)

Income for life in works for retirees

The Hong Kong Mortgage Corporation, wholly owned by the government, plans to launch a public annuity scheme that will allow retirees to invest with an entrance fee of not more than HK$300,000 in return for a lifelong steady monthly income. Compared to ... ( read original story ...)

HK hands out generous budget, paints brighter outlook

The Hong Kong dollar is pegged to the greenback and expectations of two to three US interest rate hikes this year will trigger increases in local mortgage rates. Financial Secretary Paul Chan said in his maiden budget address that an improved labour market ... ( read original story ...)